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Odisha Approves Eight Mega Projects Worth Rs 1.51 Lakh Crore

The approvals raise Odisha’s total project clearances since June last year to Rs 5.67 lakh crore under the state’s industrial expansion agenda.

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Overview

  • Odisha government approved eight mega projects on June 16 valued at Rs 1.51 lakh crore, which are expected to create over 62,000 jobs.
  • Projects cover aluminium, chemicals, steel, textiles and ancillary metal sectors across Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda and Sambalpur.
  • Vedanta Limited will invest Rs 1,28,000 crore in a 3 MTPA aluminium smelter and 4,900 MW captive power plant in Dhenkanal to generate some 30,000 jobs.
  • SRF Limited’s Rs 10,000 crore plant in Ganjam will produce specialty chemicals and refrigerants for 20,000 jobs, and Jindal India Steel Tech and Sportking India won approvals for Rs 3,600 crore steel and Rs 2,055 crore yarn facilities.
  • Chief Minister Mohan Charan Majhi said the clearances align with India’s ‘Viksit Bharat by 2047’ goals and Odisha’s ‘Samruddha Odisha by 2036’ vision for industrial expansion.