The High-Level Clearance Authority (HLCA) on Tuesday issued in-principle approval to five major industrial projects worth Rs 1,46,172 crore in the sector of metal and metal downstream. The five projects are further expected to create 26,959 employment opportunities in the State.
The HLCA meeting was chaired by Chief Minister Naveen Patnaik. The five projects are expansion of Bhushan Power and Steel Limited’s integrated steel plant from 5 MMTPA to 15 MMTPA against an investment of Rs 55,000 crore to be set up in Rengali, Sambalpur, which will generate potential employment opportunities for over 10,000 persons; expansion of Tata Steel Limited’s crude steel production from 3 MTPA to 8 MTPA, Hot rolled coil from 3 MTPA to 7 MTPA, 2.2 MTPA cold-rolled products and 2 MTPA long products against an investment of Rs 47,599 crore to be set up in Kalinganagar, Jajpur, which will generate potential employment opportunities for over 4,625 persons; expansion of Jindal Steel and Power Limited’s 6-MTPA existing integrated steel plant from the proposed capacity of 18.6 MTPA to 25.2 MTPA against an investment of Rs 24,652 crore to be set up in Angul,
which will generate potential employment opportunities for over 1,000 persons; expansion of Rungta Mines Limited’s Integrated Steel Plant from the proposed capacity of 2.85 MMTPA capacity to 7.55 MMTPA by adding capacity of 4.7 MMTPA against an investment of Rs 11,001 crore to be set up in Jharbandh, Dhenkanal, which will generate potential employment opportunities for over 6,200 persons; expansion of Rungta Mines Limited’s steel plant capacity from 0.53 MMTPA to 3 MMTPA against an investment of Rs 7,920 crore to be set up in Karakhendra, Keonjhar, which will generate potential employment opportunities for over 5,134 persons.