Odisha clears four investment proposals worth Rs 2,172 crore
BHUBANESWAR: The state government on Friday cleared four investment proposals in metal and metal downstream sector worth Rs 2172.92 crore, which will generate employment opportunities for 1,122 people.
The state-level single window clearance authority (SLSWCA) led by chief secretary Asit Tripathy that generally approves individual projects with investment potential up to Rs 1,000 crore cleared these four proposals. The meeting was held through videoconferencing.
The approved proposals include the plan of Rungta Mines Limited (RML) to set up a 34 mtpa beneficiation plant in Sundargarh district with an investment of Rs. 975 crore. The RML has planned to develop the facility in two phases, with employment potential of about 290 people.
Another proposal of RML to set up a 20 MTPA underground slurry pipeline from its proposed beneficiation plant at Bonai/Champua sub-division to its 3 different plant locations also got SLSWCA. The company would invest around Rs 951 crore to set up the slurry pipeline. It would create employment opportunities for 72 people.
The chief secretary-led panel also gave its nod to Shyam Metalics and Energy Limited for capacity expansion of its pellet plant in Sambalpur district from 0.3 MTPA to 1.2 MTPA. The company would invest Rs 76.92 crore for the expansion project and generate 610 jobs.
Similarly, Wellman Steels Gangeya Supply Agency Private Limited also got clearance to set up 1.8 MTPA beneficiation plant and 1.2 MTPA pellet plant in Mayurbhanj district. The company would invest Rs 170 crore while creating employment opportunity for 150 people.
While giving approval to these projects, chief secretary directed the officials to make an assessment regarding requirement of land and water for these projects and to facilitate all helps. Other concerned departments have also been asked to ensure timely and expeditious implementation of these industrial projects.
This is the third major approval of industrial projects by the state government amid the Covid-19 pandemic. Earlier, investment projects worth Rs 9,600 crore were approved by the state government in two phases in March and June.