Eight Investment Projects Valued At Rs 1.872 Cr Are Approved By Odisha

Eight investment projects valued at Rs 1.872 cr are approved by Odisha

Bhubaneswar : , Monday 22 November : .The State Level Single Window Clearance Authority of Odisha approved on Monday eight investments proposals totalling Rs 1872.11 million that could create employment opportunities for more than 3,400 people in the state.Officials said.
Hemant Sharma Sharma, Principal Secretary to Industries stated that most of the proposals approved were from food processing, livestock husbandry and petroleum products.

 Eight Investment Projects Valued At Rs 1.872 Cr Are Approved By Odisha-TeluguStop.com

Jindal Coke Limited has received approval from Suresh Chandra Mahapatra, the Chief Secretary.The expansion plan was worth Rs.470 crore.According to the company, it proposed to increase its output from 0.425 Million Tonne (MTPA), to 0.85 MTPA at its current unit (coke- and petroleum products plant) in Kalinga Nagar Industrial Complex (Jajpur).

Shyam Metalics and Energy Limited were approved by the SLSWCA to establish a 0.108 MTPA Ferro Alloys Plant (3×18 MVA), along with a 50 MW captive energy plant and rail siding, at Kalinga Nagar.The total investment was Rs 328.75 Crore.

Odisha government also approved the proposal by GV Mines Minerals and Metals Private Limited for laying a 9km iron ore pipeline conveying system with capacity 3 MTPA, from RoidaII mines at Bolani Railway Siding in Barbil.The investment was Rs 104.48 Crore.

Four ethanol plant projects were approved by the panel: Greentech Bioenergy Private Ltd., Bio Agro Energy Private Ltd.and Indian Potash Limited.The total cost of these four projects was Rs 250 crore.

Officials stated that these units would not only provide green energy but also produce alternative energy.They will be made from locally-sourced starch-containing grain such as maize, broken rice and other starch-containing cereals, which could generate substantial income for local farmers.

The state also accepted the proposal by Abis Exports India Private Limited for a mechanised hatchery facility at Baripada, Mayurbhanj District.This investment is estimated to be Rs 66.33 million.

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