Odisha Channel Bureau
Bhubaneswar: Odisha government’s State Level Single Window Clearance Authority (SLSWCA) has approved seven investment proposals worth Rs. 3,205 crore in sectors like metal and metal downstream, infrastructure, tourism and cement which will generate employment for about 2,494 people.
According to the decision of the Authority headed by the State Chief Secretary, the Industrial Promotion & Investment Corporation of Odisha Limited (IPICOL) will provide all facilitation support for early grounding and commissioning of the projects.
The major projects include multi-unit establishments for MGM Minerals with investment proposal of Rs. 801.89 crore and GM Iron & Steel with investment proposal of Rs. 607.52 crore.
The seven proposals that were given in principle approval by SLSWCA on Wednesday include MGM Minerals Limited for expansion of its project by setting up 0.125 MTPA sponge iron plant, 0.6 MTPA pellet plant, 0.25 MTPA MS billets, 0.25 MTPA TMT and wire rods and 40 MW captive power plant at Nimdha in Dhenkanal, with an investment of Rs. 801.89 crore. The company has estimated that the project will provide employment to about 1215 people.
The proposal of GM Iron and Steel Company Limited for expansion of its project by setting up 0.8 MTPA pellet plant, 0.2379 MTPA DRI plant, 0.195 MTPA billet, 0.24 MTPA wire rod mill, 0.416 MTPA slag cement and 46 MW Captive Power Plant in Dhenkanal, with an investment of Rs. 607.52 crore of capacity also got approval of the SLSWCA. This will provide employment for 592 people.
A proposal of Envirocare Infrasolution Private Limited for setting up iron ore beneficiation plant of 3.6 MTPA capacity at Koira in Sundergarh with a total investment of Rs 60 crore having employment protection of 175 people also got the governments nod.
A proposal of Hindalco Industries Limited for setting up flue gas desulphurization plant (FGD) for its existing CPP (6×150 MW) at Lapanga, Sambalpur, with an investment of Rs 696 crore, will also generate employment opportunities for 50 people.
The proposal of Lifeline Multi-ventures Pvt Ltd. to set up a five-star hotel here with a total investment of Rs. 150.38 crore will provide jobs opportunities for 240 people.
The SLSWCA also approved the proposal of JSW Cement Limited for expansion of cement grinding capacity from 1.2 MTPA to 2.4 MTPA at Kalinga Nagar in Jajpur at an investment of Rs 489.88 crore and providing employment opportunities for 68 people.
In addition the proposal of Jajpur Cements Private Limited for expansion of cement grinding capacity from 0.5 MTPA to 1.5 MTPA at Kalinga Nagar at an investment of Rs. 400 crore will provide job opportunities for 154 people.