Odisha govt approves investment proposals worth Rs. 17,833 cr.
Hindalco Industries to set up plant, NTPC and Rungta Mines to expand their capacities
The Government of Odisha continues to propel employment opportunities and boost industrialisation in the state by according its approval to three investment proposals worth Rs 17,833 crore which will create 6539 new jobs.
The High Level Clearance Authority (HLCA) meeting held under the Chairmanship of Chief Minister Naveen Patnaik further strengthened the predominance of the state in the core sectors of steel, aluminum and thermal power by approving a proposal each in those sectors.
The HLCA approved the proposal of Hindalco Industries for setting up a 2 Million Ton per annum (MTPA) Alumina Refinery unit at- Kansariguda, District- Rayagada with a total investment of Rs. 8000 crore providing employment to about 4250 people.
It also approved the proposal of NTPC for expansion of thermal power plant capacity of Talcher Thermal Power Station, located at: Talcher, Dist: Angul with additional investment of Rs.7698.46 crores.
The proposal of Rungta Mines (RML) to expand its Integrated Steel Plant from 0.27 MTPA to 0.9 MTPA capacity at village- Kamanda, District - Sundargarh with a total investment of Rs. 2135 crore providing additional employment of 2289 people was also approved by HLCA.