Odisha govt gives nod to nine industrial projects
Projects worth over Rs 2,570.54 cr of investment cleared in metal and metal downstream, manufacturing, plastics, cement, chemical and food processing sectors
Kolkata At a time when a somewhat negative sentiment seems to be gripping business circles with the second wave of Covid 19 setting in, Odisha government on Wednesday gave green signal to nine industrial projects of different sizes entailing a total investment of Rs 2,570.54 crore. These projects are from various sectors - metal and metal downstream, manufacturing, plastics, cement, chemical and food processing.
Significantly, Odisha has substantially ramped up and improved the production of steel and other metals and metal downstream materials over the years. These Industries are now supplying oxygen to various States amid an acute shortage of medical oxygen, a senior official in the Odisha government said.
The projects which got clearances on Wednesday include a 15 MTPA Beneficiation plant, to be developed in two phases by Amalgam Resources Private Limited with an investment of Rs 882 crore, a 3 MTPA Iron Ore Satellite Grinding Unit and 3 MTPA Slurry Pipeline along with return water pipeline by Ardent Steel Limited with an investment of Rs 80.5 crore, a manufacturing unit for razor shaving blades with an annual capacity of 45 crore units and disposable razors with an annual capacity of 3 crore units by Safe Lancet Engineering Private Limited with a total investment of Rs 100 crore, a 8,75,000 MTPA capacity Integrated Carbon Complex, to be put up in two phases by Epsilon Carbon Ashoka Pvt. Ltd. At a total capital outlay of Rs 900 crore, a 120 TPD Chloro-Alkali Complex by Orient Paper and Industries Limited with an investment of Rs 162 crore. Besides, Coastal Biotech Private Limited will set up a Grain-based distillery unit with a capacity 200 KLPD for manufacturing of Ethanol and an IMFL bottling unit of capacity 1.50 lakh cases per annum along with 5.00 MW co-generation power plant, in two phases. This would require an investment of Rs 200 crore. Ramky Enviro Engineers Ltd will shell out Rs 128.80 crore to set up an integrated common hazardous waste treatment, storage and disposal facility at Burujuguda, Rayagada. HIL Limited will cough up Rs 63.24 crore to set up an AAC Blocks & Cement sandwich panels manufacturing unit at Balasore. And then Centuary Fibre Plates Private Limited against has earmarked an investment of Rs 54 crore to come up with a manufacturing unit for production of Mattress & Fibre Pillows having combined capacity of 7,00,000 units per annum, state government officials said.