Odisha Govt approves 9 investment projects totalling Rs 1.53 lakh crore

20 Jan 2023 , 03:23 PM

An official said that the Odisha government approved nine investment projects worth Rs1.53 lakh crore on Thursday, including a Rs38,000 crore proposal from ArcelorMittal Nippon Steel (AMNS) India Ltd.

Odisha’s high level clearance authority (HLCA), led by Chief Minister Naveen Patnaik, has approved these projects, which will employ over 27,000 people in the state.

The HLCA has approved four projects in the green energy and equipment sector, two in the paper industry, two in the metals and minerals sector, and one in the IT infrastructure sector. The project intents were received at the 2022 Make in Odisha Conclave.

ArcelorMittal’s proposal to build a 7 million tonne per annum (MTPA) steel plant in Odisha’s Jagatsinghpur district was approved today, according to officials. This project is expected to generate 11,000 new job opportunities.

Similarly, the state has approved Rungta Metals Private Limited’s (RMPL) proposal to expand its integrated steel plant in Rairangpur, Mayurbhanj district, from 0.5 MTPA to 1 MTPA with an investment of Rs1,140 crore.

Further, other projects have also been approved by the State.

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