Transformative Investments: Odisha’s ₹5,992.92 Crore Approval to Create 19,364 Jobs

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Today, at the 130th SLSWCA Meeting, the Odisha State Government, under the direction of Chief Secretary Shri Manoj Ahuja IAS, celebrated an important milestone. Following the meeting, 26 projects totalling INR 5,992.92 crores were approved. Odisha’s economy is expected to change as a result of these varied investments, enhancing the state’s standing as a top investment destination.

Some projects across a wide range of industries, including steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism, have been cleared by the State Level Single Window Clearance Authority (SLSWCA) in a historic ruling. 14 districts—Mayurbhanj, Sundergarh, Sambalpur, Keonjhar, Ganjam, Jagatsinghpur, Khurdha, Jharsuguda, Boudh, Koraput, Balasore, Cuttack, Bhadrak, and Puri—will see the implementation of these projects. The ₹5,992.92 crore overall investment is anticipated to generate 19,364 new jobs.

The steel sector witnessed significant interest in multiple expansion projects. GM Iron and Steel Company Limited is set to establish a 0.23 MTPA Integrated Steel Plant along with downstream and upstream facilities and a 45 MW CPP in Mayurbhanj, with an investment of ₹745.00 Crores, creating 870 jobs. Shree Ganesh Metaliks Limited will expand its integrated steel plant in Sundergarh, encompassing SMS, MS Pipe, Sponge Iron, CPP, and Coal Washery facilities, with a projected cost of ₹604.99 Crores, offering employment to 3,239 individuals. Times Steel And Power Private Limited plans to expand its existing plant by adding beneficiation, pellet, ferroalloys, billet, rolling mill facilities, and CPP in Sundergarh, with an investment of ₹432.50 Crores, generating 615 jobs. Aryan Ispat and Power Pvt Ltd will enhance its existing project by setting up SMS, CPP, rolling mill, and MS Pipe manufacturing units in Sambalpur, with a cost of ₹323.00 Crores, creating 1,500 jobs. SSAB Energy and Minerals Ltd will expand its beneficiation plant by setting up a pellet plant, SMS, rolling mill, and CPP in Keonjhar, with an investment of ₹212.00 Crores, offering 1,107 jobs. Additionally, Bhaskar Steel And Ferro Alloy Pvt Ltd (Unit of KAI Steel) will add downstream facilities in Sundergarh with an investment of ₹530.00 Crores, generating 880 jobs.

In the steel downstream sector, Shyamshakti Metals Private Limited will establish a structural and pipe manufacturing unit in Rengali, Sambalpur, with an investment of ₹650.00 Crores, creating 552 jobs. Cabcon India Limited will set up a manufacturing unit for aluminium conductors, wire rods, and cables in Sundergarh, with a cost of ₹160.00 Crores, generating 1,000 jobs. Shreyash Aluminium and Alloys Private Limited will establish an High-grade electrical conducting rod and alloy rod manufacturing unit in Jharsuguda with an investment of ₹52.00 Crores, creating 100 jobs.

The chemical sector also saw significant investment. Eternis Fine Chemicals Ltd will set up a perfumery ingredient manufacturing unit in Ganjam with an investment of ₹300.00 Crores, generating 400 jobs. Odisha Chemtech Private Limited will establish a speciality chemical production unit in Jagatsinghpur in two phases, with a total investment of ₹149.45 Crores, creating 150 jobs. Indian Explosives Private Limited will set up a commercial bulk explosives manufacturing unit in Keonjhar with an investment of ₹54.60 Crores, generating 126 jobs.

In the renewable energy sector, Envirocare Infrasolution Private Limited will set up a 100 MW ground-mounted solar photovoltaic captive power plant in Boudh, with an investment of ₹351.00 Crores, generating 60 jobs. Solisys Solar Private Limited will establish a manufacturing facility for solar modules in Khurdha with an investment of ₹59.50 Crores, creating 120 jobs.

In the textiles and apparel sector, Shree Hari Spinners Private Limited will set up a cotton yarn spinning mill unit in Sundergarh with an investment of ₹129.68 Crores, creating 700 jobs. Indian Stitches Private Limited (ISPL) will establish a garment manufacturing facility in Khurdha with an investment of ₹50.55 Crores, generating 1,028 jobs.

The manufacturing sector also saw notable projects. Rushil Decor Ltd will set up an MDF and pre-laminated MDF manufacturing unit in Koraput with an investment of ₹504 Crores, generating 285 jobs. Pratap Synthetics Limited will establish a manufacturing unit for PP woven bags, laminated bags, block bottom bags, and FIBC in Balasore with an investment of ₹102.50 Crores, creating 550 jobs.

In the plastic and packaging sector, SGBL Infosystems Private Limited will set up a food-graded aseptic packaging (Tetrapack) production unit in Khurdha with an investment of ₹60.03 Crores, generating 104 jobs. East India Packaging Private Limited will establish a corrugated fluted cartons manufacturing unit in Khordha with an investment of ₹51.00 Crores, creating 150 jobs. KSV Packaging Industries Private Limited will set up a Tetrapak container manufacturing unit in Cuttack with an investment of ₹53.51 Crores, generating 53 jobs.

In the food processing sector, Nandaraj Agrotech Private Limited will set up a manufacturing unit for spices and snacks in Khurdha with an investment of ₹92.60 Crores, creating 882 jobs. DN Sea Shells Pvt. Ltd will establish an automatic modern rice mill in Bhadrak with an investment of ₹50.43 Crores, generating 98 jobs.

In the IT and infrastructure sector, Panda Estates will develop IT infrastructure in Khordha with an investment of ₹112.80 Crores, generating 4,500 jobs. Sailabala Infrastructure Pvt. Ltd. will establish a resort in Puri with an investment of ₹73.20 Crores, creating 165 jobs. Godavari Commodities Ltd will set up a 3 MTPA coal washery project in Sundargarh with an investment of ₹88.58 Crores, generating 130 jobs.

These 26 transformative projects, with a collective investment of INR 5,992.92 crores, are set to create 19,364 employment opportunities. This initiative paves the way for enhanced industrial growth and economic prosperity in Odisha.

SlProject NameProject DescriptionProject Cost (Rs in Crores)Employment (Potential)SectorDistrict
1GM Iron and Steel Company LimitedSet up an Integrated Steel Plant745.00870SteelMayurbhanj
2Shree Ganesh Metaliks LimitedExpansion of its integrated steel plant604.993,239SteelSundergarh
3Times Steel And Power Private LimitedExpansion of its existing steel plant432.50615SteelSundergarh
4Aryan Ispat and Power Pvt LtdExpansion of its existing Steel plant and setting up a downstream facility323.001,500SteelSambalpur
5SSAB Energy and Minerals LtdExpansion of its existing Beneficiation plant212.001,107SteelKeonjhar
6Shyamshakti Metals Private LimitedStructural and Pipe Manufacturing unit with capacity 6,00,000 TPA650.00552Steel DownstreamSambalpur
7Bhaskar Steel And Ferro Alloy Pvt LtdExpansion of downstream facilities530.00880Steel DownstreamSundergarh
8Eternis Fine Chemicals LtdPerfumery Ingredients manufacturing unit with annual capacity of 80,000 MT300.00400ChemicalGanjam
9Odisha Chemtech Private LimitedSpecialty Chemical Production Unit149.45150ChemicalJagatsinghpur
10Indian Explosives Private LimitedCommercial Bulk    Explosives manufacturing unit54.60126ChemicalKeonjhar
11Cabcon India LimitedAluminium Conductors, Wire Rods, Cables with an installed capacity of 1,20,000 TPA160.001,000Aluminium DownstreamSundergarh
12Shreyash Aluminium and Alloys Private LimitedHigh grade electrical conducting & Alloy rod manufacturing unit52.00100Aluminium DownstreamJharsuguda
13Envirocare Infrasolution Private Limited100 MW ground mounted solar photovoltaic captive power plant351.0060Power & renewable EnergyBoudh
14Solisys Solar Private LimitedManufacturing facility of solar modules in two phases.59.50120Green Energy EquipmentKhurdha
15Shree Hari Spinners Private LimitedCotton Yarn Spinning Mill unit129.68700Textiles and ApparelSundergarh
16Indian Stitches Private LimitedGarment manufacturing facility50.551,028Textiles and ApparelKhurdha
17Rushil Decor LtdMDF and Pre-Laminated MDF504285Manufacturing Koraput
18Pratap Synthetics LimitedPP Woven Bags, Laminated Bags, Block Bottom Bags & FIBC manufacturing unit.102.50550Plastic/Technical TextileBalasore
19SGBL Infosystems Private Limitedfood graded aseptic packaging (Tetra pack) production unit60.03104Plastic packagingKhurdha
20East India Packaging Private LimitedCorrugated Fluted Cartons manufacturing unit51.00150PaperKhordha
21KSV Packaging Industries Private LimitedTetrapak Container53.5153PackagingCuttack
22Nandaraj Agrotech Private LimitedManufacturing unit for spices and snacks92.60882Food ProcessingKhurdha
23DN Sea Shells Pvt. LtdModern rice mill50.4398Food Processing Bhadrak
24Panda EstatesIT infrastructure112.804,500IT InfrastructureKhordha
25Sailabala Infrastructure Pvt. Ltd.Resort73.20165Tourism Puri
26Godavari Commodities Ltd3 MTPA Coal Washery project88.58130InfrastructureSundergarh
Total5,992.9219,364  

 

Odisha is experiencing a steady increase in investments across various sectors, driving economic growth and creating employment opportunities throughout the state.

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