Industry Odisha Bureau, Jun 17: In another major move towards industrialisation and job creation, the Odisha Government on Wednesday approved 20 mega industrial projects which will bring a total investment of Rs 76,612 crore in the State.
The High-Level Clearance Authority (HLCA) led by Chief Minister Mohan Charan Majhi, approved the projects, which will create employment opportunities for over 50,500 individuals. These industrial units will be set up in nine districts of Odisha.
Speaking on this occasion, Majhi said, “As our Government completes two years, Odisha has emerged as one of the leading investment destinations in the country. Through progressive policies, improved ease of doing business, strong infrastructure, and proactive investor facilitation, we have been able to attract investments across both traditional and emerging sectors.”
“Today’s approvals reflect growing investor confidence in Odisha and our commitment to creating employment opportunities, promoting industrial growth, and ensuring balanced development across the State,” the CM said.
With progressive policies, robust infrastructure, and a strong commitment to ease of doing business, Odisha continues to attract investments across both emerging and core sectors, he said, adding, “The approved projects will contribute significantly to employment generation, industrial diversification, and inclusive economic growth.”
A major highlight of the approvals is the emergence of Odisha as a significant destination for gemstone manufacturing. Kira Diam LLP, Anjali Labtech Limited, and Grow Magnificent Private Limited will establish lab-grown diamond manufacturing units in Khordha with a combined investment of Rs 9,817.50 crore, generating 8,100 employment opportunities. These projects are expected to strengthen Odisha’s position in the gemstone manufacturing sector, officials said.
In the Green Energy Equipment sector, the State approved Tata Power Renewable Energy Limited’s proposal to establish an ingot and wafers along with a Solar PV Cell Manufacturing Unit in Ganjam with an investment of Rs 10,000 crore, generating 5,000 employment opportunities.
Further strengthening the sector, Saatvik Solar Industries Private Limited will invest Rs 1,709.81 crore in a Solar PV Cells Manufacturing Facility in Ganjam, creating 519 employment opportunities.
In the Rare Earth Minerals-based Value-Added Products sector, NAN Magnetech Private Limited got the government’s nod to invest Rs 1,250 crore to establish a High-Performance EV Grade NdFeB Magnets manufacturing unit in Khordha/Cuttack, generating 2,000 employment opportunities.
Similarly, Larsen & Toubro Limited will invest Rs 2,400 crore in a Sintered NdFeB Permanent Magnets manufacturing facility in Ganjam, creating 2,000 jobs.
Additionally, World Titanium Industry Private Limited will establish a Titanium Dioxide Slag and Titanium Dioxide Pigment Manufacturing Unit in Ganjam with an investment of Rs 2,800 crore, generating 1,500 employment opportunities.
Besides, Ratnamani Metals and Tubes Limited got approval to establish an Integrated Specialty Steel Manufacturing Unit in Jajpur with an investment of Rs 1,642 crore. More than 800 employment opportunities will be created through the project.
In the pharmaceutical sector, Nectar Lifesciences Limited will invest Rs 1,170 crore in Sambalpur for a Pharmaceutical Manufacturing Unit, creating 1,000 employment opportunities. Jupiter Wagons Limited will establish a Railway Coach Manufacturing Facility in Jajpur with an investment of Rs 1,500 crore, generating 1,000 employment opportunities.
The Steel, Iron & Ferro Alloys sector accounted for a significant share of the approved investments. Rashmi Metallurgical Industry Private Limited got HLCA approval to establish a 4 MTPA Integrated Steel Plant in Jajpur at an investment of Rs 15,000 crore.
Shyam Metalics and Energy Limited will invest Rs 7,580 crore in Sambalpur for a 1 MTPA Integrated Steel Manufacturing Unit, creating 3,500 jobs.
Further expanding the sector, SMC Power Generation Limited (Badmal) will invest Rs 5,350 crore for the expansion of its Integrated Steel Plant and Cement Manufacturing Unit in Jharsuguda, generating 2,000 employment opportunities, while SMC Power Generation Limited (Hirma) will invest Rs 3,800 crore for a similar expansion project, creating 2,000 jobs.
BR Steel & Power Private Limited will establish a 1.2 MTPA Integrated Steel Plant in Sambalpur with an investment of ₹2,400 crore, generating 5,020 employment opportunities, while Orissa Alloy Steel Private Limited will invest ₹1,200 crore in an Iron Ore Beneficiation Plant in Sundargarh, creating 1,100 jobs.
In the Power & Renewable Energy sector, Rajapuspa Renova LLP will establish a Pumped Storage Hydro Power Plant in Malkangiri with an investment of Rs 5,220 crore, generating 500 employment opportunities.
Additionally, KU Urja Private Limited will invest Rs 2,471.98 crore in a Coal-Based Thermal Power Plant in Jharsuguda, creating 478 employment opportunities.
The Chemical sector also witnessed a major investment with Singhal Steel & Power Private Limited proposing an Aluminium Downstream Product manufacturing unit in Rayagada with an investment of Rs 1,300.57 crore, generating 3,000 employment opportunities.
