Single Window Clears 8 Investment Proposals of Worth Rs.1872.11 Cr. in Odisha

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November 22

Investment Proposals of Worth Rs.1872.11 Cr. in Odisha

Odisha cleared 8 Investment Proposals of Worth Rs.1872.11 Cr. in Window Clearance Authority (SLSWCA) meeting held under the Chairmanship of Chief Secretary Suresh Chandra Mahapatra.

Besides, the projects will utilize many agricultural byproducts and will enhance economic activities in different parts of the State.

Presenting details of the investment proposals, Principal Secretary Industry Hemant Kumar Sharma said that the Proposals were mainly from the sectors like food processing, agriculture, animal husbandry, petroleum products, steel, and downstream manufacturing.

The proposers were credible investors and their coming in would provide further fillip to the sectors”. MD IPICOL  Bhupindar Singh Poonia presented project wise details for discussion.

The approved projects in steel and petroleum products included: Establishment of 0.108 MTPA Ferro Alloys Plant with 50 MW CPP and railway siding with investment of Rs.328.75 cr by Shyam Metalics and Energy Ltd at Kalinganagar with employment potential for 330 persons; Expansion of Cocke and Petroleum products plant from 0.425 MTPA to 0.85 MTPA  at Kalinganagar by Jindal Coke Ltd with investment of Rs.470 cr and employment potential of 270 persons; and, Establishment of iron ore pipe conveying system of 3 MTPA capacity by GV Mines and Minerals with investment of Rs 104.48 cr and employment potential for 238 persons.

The approved projects in food processing sector included: 200 KLPD ethanol plant with investment of Rs 250 Cr and employment potential for 202 persons in Bargarh district by Greentech bio-energy; establishment of 200 KLPD ethanol along with 4.5 co-generation plant by Bio-Agro Energy Ltd with investment of Rs.228.55 cr and employment potential for 337 persons in Sonepur district; establishment of 90 KLPD grain based ethanol plant and co-generation unit by Indian Potash Ltd in Kalahandi district with investment of Rs.219 cr and employment potential for 238 persons; and, establishment of grain-based distillery unit of 200 KLOD capacity in Jharsuguda district by Energy Intro Pvt Ltd with investment of 205 Cr and employment potential for 196 persons.

The approved project in agriculture and fishing included establishment of one mechanized hatchery unit with annual capacity of Rs.805.11 lakh units in Mayurbhanj district by Abis Exports Ltd with investment of Rs.66.33 cr and employment potential for 1650 persons.

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