Odisha govt approves five investment proposals worth Rs 1851 crore

Bhubaneswar, Oct 9: Beating the market slowdown caused by the global pandemic Covid-19, Odisha has attracted investment in diverse sectors. Adding to this, five new investment proposals envisaging investment of Rs. 1851.96 crs and employment potential of 1624 were accorded in principle approval in the state level single window authority committee meeting today held on digital mode under the Chairmanship of Chief Secretary Asit Tripathy from Lokseba Bhawan where in Principal Secretary Industries Hemant Kumar Sharma presented details of the investment proposal for consideration.  While giving in principle nod to the projects, Chief Secretary Tripathy directed IPICOL and other concerned departments to facilitate early grounding of the projects. ''Since, Odisha is a power surplus State'', added Tripathy, ''the newly coming up industries be motivated to source power from the GRID instead of setting up CPPs''. Further, Chief Secretary directed to devise the appropriate mechanism for scientific use of water in slurry pipe lines through recycling. The projects approved in the meeting were mainly from Metal & Metal Downstream and Cement sector. These included: wp:list A 2.0 MTPA Pellet and grinding plant initiated by M/s Narbheram Power and Steel Pvt. Limited with an investment of INR 350 crores to be set up in Keonjhar district, with employment opportunities for over 258 persons.Expansion of M/s Viraj Steel & Energy Pvt. in Sambalpur district from its existing 0.1 MTPA Integrated Steel Plant to a 0.3 MTPA capacity with additional investment of INR 261.71 crores and  employment opportunities for over 338 persons. Proposal of BR Sponge and Power Limited for expansion of its  unit at Tumkela in Sundergarh to 0.21 MTPA Sponge Iron, 1 MTPA Iron ore Beneficiation, 0.6 MTPA Pellet, 0.112 MTPA MS Billets, 0.112 MTPATMT, 50 TPH Coal Washery.Revision of M/s. Nu Vista Limited (Erstwhile Emami Cement) Cement grinding capacity from 1.5 MTPA to 2 MTPA in Kalinga Nagar, Jajpur against an investment of INR 598.62 crores. Cement grinding unit of 2.5 MTPA capacity initiated by M/s. OCL India Limited (OCL) to be set up in Cuttack district with investment of INR 441.43 crores, which will generate over 141new jobs. /wp:list