The Odisha government approved nine industrial projects.
The state government approved nine industrial projects worth more than Rs 1.5 lakh crore,including more than Rs 1 lakh crore in four green fuel projects, with job potential for 27,000 people.
The High level Clearance Authority(HLCA) chaired by Chief Minister Naveen Pattnaik gave its nod to four green hydrogen and ammonia projects with total investment plan of Rs 1.08 lakh crore besides ArcelorMittal Nippon Steel India's(AMNS) Rs 38,000 core plan for a seven million tonne per annum integrated Steel Plant project at Paradip,among others.
Industries secretary Hemanta Sharma said all proposals approved were among the investment intents that had come during the Make in Odisha Conclave-3 in November-December last year and roadshow in the run up to the flagship business summit.With around 15% of the Rs 10 lakh crore intents during MIO-3 approved, it’s very good beginning.There are fair chances of these projects being grounded seamlessly because site selections for all have already been done,he said.
The CM led panel gave its not to ACME Clean Energy Private Limited's Rs 58,209.13 crore investment plan for a green hydrogen Plant and a green ammonia Plant with a capacity of 1.1 million MT at Kujanga in Jagatsinghpur district besides captive 4.500 MW solar power plant in Koraput and Kalahandi districts. It may create 3.400 jobs.
The committee also approved Avaada Green H2 private Limited's Rs 23,500 crore plan for green ammonia plant in Ganjam district with job potential for 1,500.It also approved Renew EFuels Private Limited (REFPL)'s plan to set up a green ammonia plant by investing Rs 20,000 crore in Paradip and Abu Dhabi-based Ocior Energy Private Limited's similar plant by investing Rs 7200 crore in Ganjam.The two would generate 3.300 jobs.
The government approved two projects in the paper sector.The Bank Note Paper Mill India,a joint venture of Government of India and Reserve Bank of India,will invest Rs 2500 crore to establish a Bank note paper unit at Balasore.This will provide employment opportunities to 800 people. The government also approved Deevyashakti India Private limited's proposal to set up an integrated pulp and paper mill at Dhenkanal investing Rs1,000 crore.This would employ around 3000 people.
The AMNS plant would create jobs for 11,000.The government also gave its nod to Rungta Metals Private Limited's(RMPL) expansion of its integrated steel plant from 0.5 MTPA to 1 MTPA at Rairangpur in Mayurbhanj district with an investment of Rs 1.140.00 crore.
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