Odisha gives nod to Rs 2173 cr investments despite Covid blues

Odisha gives nod to Rs 2173 cr investments despite Covid blues
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The Odisha government has approved four investment proposals in sectors like metal & metal downstream worth over Rs 2172.92 crore which would likely generate employment for 1,122 people.

The fresh investment proposals were endorsed at the 93rd State Level Single Window Clearance Authority (SLSWCA) meeting. The investment proposals got the go-ahead at a State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Asit Kumar Tripathy in Bhubaneswar (Odisha) wherein Hemant Sharma, Principal Secretary, Industries outlined the project proposals for consideration. The SLSWCA approved four planned projects

In a big boost to the State’s Metal Downstream sector, Rungta Mines Limited is looking at setting up a 34 million tonne per annum (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 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 three different plant locations, with an investment of Rs 951 crore of capacity providing employment opportunities for 72 people.

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 an additional 610 people.

The proposal of 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 additional employment opportunities for 150 people. The industries department has kept its momentum going and is gathering investments for Odisha.

By Dibyajit Sahu

Image Source: Google

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