Bhubaneswar: August 20: Odisha Government approved five major investment proposals worth Rs 2, 04,069 crore in its 20th High Level Clearance Authority (HLCA) meeting on Monday.
HLCA meeting, presided by Chief Minister Naveen Patnaik, gave its nod to Haldia Petrochemicals Ltd (HPL) to set up a Hydrocarbon processing complex comprising of light crude oil refinery, Aromatics complex and Ethylene Cracker Complex near the proposed Subarnarekha port in Balasore district with an investment of Rs 78,225 crore. This will create job opportunities for around 10000 people of the State.
Government also approved a proposal of Indian Oil Corporation Limited to expand its existing Refinery unit from 15 MMTPA to 25 MMTPA and setting up of a Petrochemical complex comprising a Dual Feed Cracker, Naphtha cracker and Petcoke Gasification Plant at Paradip in Jagatsinghpur district, with a total investment of Rs 1,00,300 crores, employing around 12,595 people.
IOCL will also set up 1.2 MMTPA capacity of PX-PTA (Purified Terephthalic Acid complex) with an investment of Rs 9,136 crore in its existing Paradip refinery, employing around 3,200 people.
Jindal (India) Ltd shall set up a Cold Rolling Complex of 0.50 MTPA and Steel Processing Plant at Kaiinga Nagar Industrial Complex, Dist Jajpur, with a total investment of Rs 1,676 crores, which will provide employment for 1300 people around.
HLCA approved a proposal by Talcher Fertilizer Ltd, to set up a Coal based Urea Fertilizer complex of capacity 1.99 MMTPA at Talcher in Angul district with investment of Rs 14,732 crores and employing around 550 people.
The proposals approved by Government of Odisha belong to its focus sectors i.e. Chemicals & Petrochemicals and Metal Downstream.”
