State nod to 8 investment proposals worth Rs 6,443 Crore Post News Network
Bhubaneswar: After recording Rs 1.19 lakh crore worth of new investments since February last year, the state government Wednesday approved eight investment proposals worth Rs 6,443.32 crore.
The High Level Clearance Authority (HLCA) headed by Chief Minister Naveen Patnaik issued an in-principle approval to three major industrial projects worth Rs 5,358.24 crore while State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Suresh Chandra Mahapatra cleared five industrial projects to the tune of Rs 1,085.08 crore.
These projects are in the metal and metal downstream, cement, refinery and petrochemicals, fertilisers, food processing and tourism sectors. The three industrial projects are expected to create employment opportunities for 4,631 persons in the state.
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A high-level clearance authority chaired by Odisha CM Naveen Patnaik approved three major investment proposals totalling ₹5,358.24 crore. The three industrial projects in the metal and metal downstream, cement and refinery and petrochemicals sectors are expected to generate 3,667 jobs in the State, the Industrial Promotion and Investment Corporation of Odisha Ltd. (IPICOL) here said. Yazdani Steel and Power Limited has proposed to expand its integrated steel plant from 0.07 million tonne per annum to 1.19 MTPA at an investment of ₹,2415 crore at Kalinganagar in Jajpur district.
Shiva Cement Limited (SCL) has submitted proposal of adding clinker capacity of 1.32 MTPA and cement capacity of 1.05 MTPA by investing ₹1,523.24 crore. The Numaligarh Refinery Limited would develop crude oil terminal at Paradip in Jagatsinghpur with an investment of ₹1,420 crore.
BHUBANESWAR: The state government on Wednesday cleared investment projects worth Rs 6,443 crore including some expansion projects in diverse sectors which will generate around 4,700 jobs.
The high-level clearance authority (HLCA) led by chief minister Naveen Patnaik that generally approves individual investment projects of more than Rs 1,000 crore cleared three projects while the state-level single window clearance authority (SLSWCA) led by chief secretary Suresh Chandra Mahapatra gave its nod to five projects with individual investment potential of less than Rs 1,000 crore.
Among the approved projects include expansion of Yazdani Steel and Power Limited’s integrated steel plant at Kalinganagar in Jajpur district from existing Rs 0.07 million tonne per annum (mtpa) to 1.19 mtpa. The Odisha-based company has planned to invest Rs 2415 crore in the expansion project which will create additional employment opportunities for 2867 persons, said an official communication.
Odisha govt clears investment projects worth Rs 6,443 32 crore daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.