Odisha Lands ₹1.65 Lakh Crore Investment Bonanza

The Odisha government has approved 10 major investment proposals worth over ₹1.65 lakh crore, expected to generate more than 50,000 job opportunities. These approvals were granted at a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi.

Among the key projects, Vedanta received clearance for two significant investments in Rayagada district: ₹50,537 crore for a 6-MTPA alumina refinery and ₹40,991 crore for a greenfield 1.2-MTPA aluminium smelter. JSW Steel secured approval for a ₹35,000 crore, 5-MTPA integrated steel plant in Keonjhar, while Shyam Steel will invest ₹5,200 crore in a 1.5-MTPA integrated steel plant in Bhadrak. Additionally, OCL Iron and Steel will establish a 1.2-MTPA integrated steel plant in Keonjhar with an investment of ₹3,000 crore.

Orissa Thermal Energy received approval for a ₹18,450 crore, 2,400-MW ultra-supercritical thermal power plant, while Orissa Metallurgical Industry will invest ₹8,000 crore in a titanium complex in Ganjam. Other approved projects include Shreetech Data’s ₹1,560 crore unit in Mayurbhanj, World Green Energy’s ₹1,475 crore solar module and photovoltaic cell manufacturing facility in Ganjam, and Jupiter Tatravagonka Railwheel Factory’s ₹1,090 crore expansion in Khurdha.

Chief Minister Mohan Charan Majhi emphasized that these investments will strengthen Odisha’s industrial landscape and create large-scale employment opportunities. With its continued success in attracting large-scale projects, Odisha is cementing its position as a key industrial hub in India.

News by Rahul Yelligetti.