Utkarsh Odisha: Investment proposals worth ₹32736 crore approved

Prameyanews English

Published By : Chinmaya Dehury | January 24, 2025 9:18 PM

Utkarsh Odisha

Bhubaneswar, Jan 24: Ahead of the Utkarsh Odisha- Make in Odisha conclave 2025, the Odisha government today approved investments worth ₹32736 crore across eight transformative industrial projects.

The projects were approved in the 39th High-Level Clearance Authority (HLCA) meeting held under the chairmanship of Chief Minister Mohan Charan Majhi.

These projects, spanning across sectors such as chemicals, green energy equipment, ship building & repair & steel. These investments are set to generate employment for over 18,688 individuals, reinforcing Odisha’s industrial and economic foundation.

The HLCA meets for the second time in this month comes ahead of the much-anticipated Utkarsh Odisha 2025. The success of numerous roadshows organized by the state in cities like Delhi, Mumbai, and Singapore has resulted in significant investor interest, with several companies now looking to invest in Odisha. As a direct outcome of these efforts, the state has approved these major projects, reflecting the growing confidence of businesses in Odisha’s industrial landscape.

Speaking on the occasion, Chief Minister Majhi stated, “The approval of these big projects before Utkarsh Odisha 2025 is a clear sign of our state’s growing industrial strength. These investments will create thousands of jobs and will directly benefit the people of Odisha. Our focus is to ensure that Odisha remains a top investment destination, driving progress and prosperity for our people.”

The approved projects are spread across key districts like Khurda, Jagatsinghpur, Ganjam, Sambalpur & Bhadrak, helping to strengthen Odisha's industrial base.

This HLCA meeting highlights the state's focus on innovation and sustainability, which will have a positive impact on the economy. With these projects, Odisha is entering a new phase of industrial growth and further establishing itself as a major player in India’s economic development. Utkarsh Odisha 2025 will continue to build on this momentum, focusing on innovation, sustainability, and job creation.

Sl

Project Name

Project Description

 Project Cost (Rs in Cr) 

Employment (Potential) 

Sector

Location

1

Kshoma Green Energy Technologies Ltd 

Manufacturing facility of Solar modules of 6.9 GW and Solar Photovoltaic Cells of 6.9 GW

              6,948.00 

                2,898 

Green Energy Equipment

Khurdha

2

Dhunseri Ventures Limited 

Manufacturing unit of Polycarbonate 

              6,250.00 

                1,900 

Chemical

Jagatsinghpur

3

United Petro Shipping Pte Limited 

Ship building, Ship repair and integrated offshore facilities 

              5,637.50 

                1,690 

Ship building, Ship repair & construction of other mechanized floating vessels

Jagatsinghpur

4

UPL Ltd.

Phosphorus derivatives and Green H2 based fuel

              4,001.00 

                4,100 

Chemical

Ganjam

5

DCM Shriram Ltd 

Chemical complex with 7,15,000 MT annual capacity 

              5,200.00 

                2,000 

Chemicals

Ganjam

6

Hindalco Industries Ltd 

Electro Deposited (ED) Copper Foil unit for Manufacturing of Anodes for Lithium EV Battery 

              2,000.00 

                1,500 

Chemicals

Sambalpur

7

FS Green Energies Pvt. Ltd.

Manufacture of Solar Cells, Aluminium frame & Solar Panel

              1,500.00 

                4,000 

Green Energy Equipment

Ganjam

8

Ratnamani Metals and Tubes Limited

Stainless-Steel Round Bar manufacturing unit

              1,200.00 

                   600 

Steel

Bhadrak

 

 

 

32,736

18,688

 

 

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