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

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.

Sl Project Name Project Description Project Cost (Rs in Crores) Employment (Potential) Sector District
1 GM Iron and Steel Company Limited Set up an Integrated Steel Plant 745.00 870 Steel Mayurbhanj
2 Shree Ganesh Metaliks Limited Expansion of its integrated steel plant 604.99 3,239 Steel Sundergarh
3 Times Steel And Power Private Limited Expansion of its existing steel plant 432.50 615 Steel Sundergarh
4 Aryan Ispat and Power Pvt Ltd Expansion of its existing Steel plant and setting up a downstream facility 323.00 1,500 Steel Sambalpur
5 SSAB Energy and Minerals Ltd Expansion of its existing Beneficiation plant 212.00 1,107 Steel Keonjhar
6 Shyamshakti Metals Private Limited Structural and Pipe Manufacturing unit with capacity 6,00,000 TPA 650.00 552 Steel Downstream Sambalpur
7 Bhaskar Steel And Ferro Alloy Pvt Ltd Expansion of downstream facilities 530.00 880 Steel Downstream Sundergarh
8 Eternis Fine Chemicals Ltd Perfumery Ingredients manufacturing unit with annual capacity of 80,000 MT 300.00 400 Chemical Ganjam
9 Odisha Chemtech Private Limited Specialty Chemical Production Unit 149.45 150 Chemical Jagatsinghpur
10 Indian Explosives Private Limited Commercial Bulk    Explosives manufacturing unit 54.60 126 Chemical Keonjhar
11 Cabcon India Limited Aluminium Conductors, Wire Rods, Cables with an installed capacity of 1,20,000 TPA 160.00 1,000 Aluminium Downstream Sundergarh
12 Shreyash Aluminium and Alloys Private Limited High grade electrical conducting & Alloy rod manufacturing unit 52.00 100 Aluminium Downstream Jharsuguda
13 Envirocare Infrasolution Private Limited 100 MW ground mounted solar photovoltaic captive power plant 351.00 60 Power & renewable Energy Boudh
14 Solisys Solar Private Limited Manufacturing facility of solar modules in two phases. 59.50 120 Green Energy Equipment Khurdha
15 Shree Hari Spinners Private Limited Cotton Yarn Spinning Mill unit 129.68 700 Textiles and Apparel Sundergarh
16 Indian Stitches Private Limited Garment manufacturing facility 50.55 1,028 Textiles and Apparel Khurdha
17 Rushil Decor Ltd MDF and Pre-Laminated MDF 504 285 Manufacturing  Koraput
18 Pratap Synthetics Limited PP Woven Bags, Laminated Bags, Block Bottom Bags & FIBC manufacturing unit. 102.50 550 Plastic/Technical Textile Balasore
19 SGBL Infosystems Private Limited food graded aseptic packaging (Tetra pack) production unit 60.03 104 Plastic packaging Khurdha
20 East India Packaging Private Limited Corrugated Fluted Cartons manufacturing unit 51.00 150 Paper Khordha
21 KSV Packaging Industries Private Limited Tetrapak Container 53.51 53 Packaging Cuttack
22 Nandaraj Agrotech Private Limited Manufacturing unit for spices and snacks 92.60 882 Food Processing Khurdha
23 DN Sea Shells Pvt. Ltd Modern rice mill 50.43 98 Food Processing  Bhadrak
24 Panda Estates IT infrastructure 112.80 4,500 IT Infrastructure Khordha
25 Sailabala Infrastructure Pvt. Ltd. Resort 73.20 165 Tourism  Puri
26 Godavari Commodities Ltd 3 MTPA Coal Washery project 88.58 130 Infrastructure Sundergarh
Total 5,992.92 19,364    

 

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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