Kalyani Group to invest Rs 26k cr in Odisha

Bhubaneswar: Kalyani Steel Ltd has proposed to invest Rs26,000 crore to set up titanium metal and aerospace components manufacturing, integrated advanced specialty steel and automotive components manufacturing complex at Gajamara in Odisha’s Dhenkanal district, an official said on Tuesday.

The State Cabinet on Monday evening approved a special incentive for the unit as it is going to be the first aerospace and defence manufacturing complex in Odisha, Chief Secretary P K Jena said while briefing media persons here. He said the state government is committed to foster a conducive environment for growth and innovation, particularly in the high-potential sectors of aerospace, defence and automotive manufacturing.