10 new heavy industries in Odisha soon: HLCA approves projects of JSW, OCL in Keonjhar

Bhubaneswar, March 27: With a major boost to the industrial landscape of the state, at least 10 heavy industries are coming up in Odisha soon.

The The High-Level Clearance Authority (HLCA) of the Odisha government on Thursday accorded approval to ace industrial tycoons, to set up their projects in the mineral reach Keonjhar along with other resourceful districts.

The High-Level Clearance Authority (HLCA) approved 10 industrial projects worth over 1.65 lakh crore in the state.

These projects spans across key sectors including steel, aluminum, power generation, green hydrogen, engineering goods and green energy equipment. The upcoming projects are expected to come with bouquets of jobs over 51,939 for the people. 

In the Aluminum sector, The Vedanta Limited has planned to set up two projects in the Rayagada district. The company will set up a 6 MTPA-capacity alumina refinery here with an investment of Rs 50,537 crore. The project is likely to create 8,700 employment opportunities. 

Besides, Vedanta Ltd will establish a green-field 1.2 MTPA aluminum smelter project with an investment of Rs 40,991 crore in Rayagada. The project will generate 7,200 new jobs.

In steel sector, JSW Steel Limited will set up a 5 MTPA-capacity integrated steel plant along with upstream and downstream facilities in Keonjhar district with an investment of Rs 35,000 crore. They project will also generate job opportunities for 8,000 youths.

Besides, OCL Iron and steel Limited will expand its steel production with an investment of Rs 3,000 crore. The company will set up a 1.2 MTPA-capacity integrated steel plant generating employment for 3,500 people in Keonjhar.

Similarly, Shyam Steel Works Private Limited will establish a 1.5 MTPA-capacity integrated steel plant along with upstream and down-stream facilities with an investment of Rs 5,200 crore in Bhadrak district. The project is expected to create 6,000 new job opportunities. 

Apart from it, Orissa Thermal Energy Limited has planned to set up a 2400 MW (i.e. 3 x 800 MW) ultra-super critical coal-based thermal power plant in Cuttack district with an investment of Rs 18,450 crore. This project will create employment for 8,100 people. 

In the rare earth minerals sector, Orissa Metallurgical Industry Private Limited will set up a Titanium Complex for producing titanium slag, titanium pigment, titanium sponge in Ganjam district with an invest of Rs 8,000 crore. The project is likely to create 8,000 new job opportunities.