Kashvi Power and Steel Private Limited’s Rs 1,600 Crore Steel Plant among 5 Industrial Projects Worth Rs 35,760 Crores got Odisha HLCA  Nod

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By Our Correspondent

BHUBANESWAR:  Odisha High Level Clearance Authority (HLCA) chaired  by Chief Minister Naveen Patnaik has approved 5 industrial projects worth Rs 35,760 crores that would generate over 38,100 employment opportunities in the State.

The approved projects will be set up in Bhadrak, Dhenkanal, Jagatsinghpur, and Keonjhar districts.

WAREE Energies Limited’s plan  to set up an Integrated Solar Equipment Manufacturing Complex with an investment of Rs 25,000 crore with a capacity of 50,000 MT Polysilicon, 10,000 MW each of Ingot, Wafer, Solar Cells, and Solar Module at Neulopoi, Dhenkanal got approved, which to provide employment opportunities to about 14,000 people in the state. 

The  Committee also approved the proposal of Super Smelters Limited to set up an integrated steel plant of 1.8 MTPA in Keonjhar district which promises an investment of Rs 5,436.10 crore and is expected to provide employment opportunities to about 19,000 people in the state.

Alongside these, the HLCA approved another steel sector project by Kashvi Power and Steel Private Limited. The company will set up an integrated steel plant at Kalipal in Keonjhar district with an investment of Rs 1600 crore. This 0.55 MTPA capacity plant will provide employment to more than 3,500 people in Odisha.

The Government approved a project by MCPI Private Limited. With an investment of Rs 2,223.25 crores, the company proposes to set up manufacturing of HMLS Polyester, Based Tyre Cord Fabrics, HTLE Yarns, High IV and CP Chips at Bhadrak Technical Textile Park. This unit will provide employment opportunities to more than 1,150 people. IVL Dhunseri Petrochem Industries Ltd will set up a bottle grade PET resin with a capacity of 60,000 MT per Annum at Paradeep in Jagatsinghpur district with an investment of Rs 1,500 crore.

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