Bhubaneswar: Tata Steel to invest Rs. 10,351 crore in its proposed 6.5 MTPA Hot Rolled and Cold Rolled plant at Meramunduli in Dhenkanal District. The High Level Clearance Authority (HLCA) chaired by the Chief Minister Naveen Pattnaik, has cleared the project on Friday. The project is expected to generate employment for 3725 persons.
The HLCA cleared total 12 projects with cumulative investment proposals of Rs.84918 crore.
Orissa Metallurgical Industry Private Limited received approval for investing INR 5200 Crore for the establishment of 2 MTPA Integrated Steel Plant, 240 MW Captive Power Plant and 1 MTPA Cement Grinding Unit, generating employment for 6,000 Individuals in Jharsuguda.
In the Steel (Downstream) sector, BMW Industries Limited secured HLCA approval for an investment of INR 1,094.82 crore for the establishment of its production plant with ERW Pipe – 1000000MT, HR Pickled Oiled Coil – 500000 MT, TMT Bars – 500000 MT and Slitting & Cut to Length – 500000 MT in Kalinganagar, Jajpur generating employment for 1,950 people.
In the Power & Renewable Energy sector, NTPC Limited secured approval to establish an 800 MW super-thermal power plant in Sundergarh, with an investment of INR 9,208.36 crore, which is projected to provide employment to 1366 individuals. In this sector HLCA approved another investment of INR 6012.46 crore from Ind Barath Energy Utkal Limited to establish a 1X800 MW Ultra Super Critical Coal Fired Thermal Power Project. It is set to generate employment for 450 people in Jharsuguda.
The Chemical & Petrochemical downstream sector witnessed a significant boost with the approval of Aegis Vopak’s project to establish a Greenfield Tank Storage Facility for liquid Ammonia of 80,000 TPA capacity production unit in, Gopalpur Ganjam, with an investment of Rs 1,000 crore and employment potential of 100 individuals.
Meanwhile, the Welspun Group has marked its foray into Odisha in a big way. In the Apparel & Textiles sector, Welspun Living Limited received the green light from HLCA for its project to establish an integrated Textile and Logistics Facility at Choudwar in Cuttack, with an investment of INR 3,050 crore and an employment potential of 20,210 people. Also, Welspun Corp Limited is set to invest INR 3,137 crore on the Steel downstream sector, to set up 1,00,000 MT ERW Pipes, 3,00,000 MT DI Pipes, 1,00,000 MT HSAW Pipes and 10,00,000 Square Meter Pipe Coating Plant, generating employment for 3,830 individuals in Sambalpur. The Government has also recently approved the project of Sintex BAPL, Welspun’s wholly-owned subsidiary, for setting up a manufacturing unit for CPVC, UPVC, PVC fittings and plastic tanks in Sambalpur as well. The government’s focus on promoting the Green Hydrogen and Green Ammonia sector has got Welspun New Energy Limited to set up a 0.70 MMTPA Green Ammonia manufacturing unit in Kendrapada with an investment of INR 13,860 crore, promising employment for 1,000 individuals.
This sector also has an investment from Sembcorp Green Hydrogen India Private Limited to establish its unit by setting up a 0.72 MMTPA Green Ammonia Manufacturing Unit in Gopalpur, Ganjam with an investment of INR 13,000 crore, generating employment for 1,250 individuals. Additionally, ReNew E-Fuels Private Limited (REFPL) has got approval for the investment of INR 10,005 crore to establish a Green Hydrogen (100 KTPA) & Green Methanol (500 KTPA) manufacturing unit in Malkangiri as well as approval of INR 9,000 crore to establish Green Hydrogen (60 KTPA) & Green Methanol (300 KTPA) manufacturing unit in Rayagada thereby generating employment for 2,800.