Odisha Govt approves investment proposals worth Rs. 2172.92 crore

Bhubaneswar: The Government of Odisha has approved four investment proposals in sectors like Metal & Metal Downstreams worth over Rs. 2172.92 crore which would likely generate employment for 1,122 people in the 93rd State Level Single Window Clearance Authority (SLSWCA) meeting today.

The investment proposals got the go-ahead at a State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Shri Asit Kumar Tripathy in Bhubaneswar (Odisha) wherein Shri Hemant Sharma, Principal Secretary, Industries outlined the project proposals for consideration.

The SLSWCA approved four planned projects which included the following:

· In a big boost to the State’s Metal Downstream sector, M/s Rungta Mines Limited is looking at setting up 34 MTPA beneficiation plant in two phases, with an investment of Rs. 975 crore and providing employment to about 290 people.

· In addition, another proposal of M/s Rungta Mines Limited will be setting up 20 MTPA underground slurry Pipe Line from its proposed beneficiation Plant at Bonai/Champua sub-division to its 3 different plant locations, with an investment of Rs. 951 crore of capacity providing employment opportunities for 72 people.

· M/S Shyam Metalics and Energy Limited for expansion of its Pellet Plant from 0.3 MTPA to 1.2 MTPA capacity at with a total investment of Rs. 76.92 crore and employing around additional 610 people.

· The proposal of M/s Wellman Steels Gangeya Supply Agency Private Limited for setting up 1.8 MTPA beneficiation Plant and 1.2 MTPA Pellet Plant, with an investment of Rs. 170 crore and will provide an additional employment opportunities for 150 people.

Industries department has kept its momentum going and is gathering investments for Odisha.

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