By Our Correspondent
BHUBANESWAR: The Naveen Patnaik led pro people Industrial friendly Government on Thursday given a new hope to India’s major Steel makers that the State Government is making all out efforts to create both revenue and jobs with 24th high level clearance authority (HLCA) approving projects worth Rs. 92,713 crore.
These projects approved under IPR-2015 that will create potential employment for 31,979 persons. A seemingly happy, Chief Minister Naveen Patnaik attended the event via video conference here. The Chief Minister Patnaik reiterated the importance of accelerating the growth of industries in the State and directed all Departments to work in a coordinated manner to achieve the goals of rapid industrial growth leading to employment generation in the State.Odisha has attracted over Rs. 1,18,750 crores worth of new investments with potential employment opportunities for over 53,258 persons since February 2020.
“5 mega industrial projects worth of 92,713 crores in metal and metal downstream sector have been approved by HLCA, chaired by Hon’ble CM Shri @Naveen_Odisha today.@JSPLCorporate, Essar Minmet, @AMNSIndia, @ShyamMetalics are set to invest in Odisha.@CMO_Odisha #InvestOdisha,” Invest Odisha tweeted@InvestInOdisha.
The 5 projects which got nod included an expansion project of Jindal Steel and Power Limited’s(JSPL) integrated steel plant in Angul from 6 MTPA to 18.6 MTPA, 36 MTPA slurry pipeline and 12.5 MTPA cement plant against an investment of Rs. 76,018 crore with potential employment opportunities for over 24,350 persons in two phases.
Jindal Stainless Limited’s Stainless Steel capacity from 1.1 MTPA to 3.2 MTPA and Cold Rolling Mill capacity from 0.8 MTPA to 2.4 MTPA against an investment of Rs. 6,840 crores in Kalinganagar, Jajpur, with potential employment opportunities for over 2236 persons was approved.
The HLCA also cleared the expansion project of ArcelorMittal Nippon Steel India Limited’s Beneficiation Plant in Keonjhar from 10.76 MTPA to 16.76 MTPA and Pellet Plant at Paradip from 6 MTPA to 12 MTPA against an investment of Rs. 2000 crores, with potential employment opportunities for over 655 persons. The expansion project of Shyam Metalics and Energy Limited’s steel plant in Pandloi, Sambalpur from 0.77 MTPA to 2.373 MTPA and rolling mill against an investment of Rs. 1205 crores, with potential employment opportunities for over 3270 persons also received the nod.
The project proposal of Essar Minmet Limited’s 14 MTPA Beneficiation and 14 MTPA Pellet Plant and 14 MTPA Slurry pipeline against an investment of Rs. 6650 crores to be set up in Keonjhar and Paradip, with potential employment opportunities for over. 1468 persons, was also cleared at the HLCA.
