The High level Clearance Authority (HlCA) headed by Chief Minister Naveen Patnaik on Friday approved 10 fresh investment proposals worth Rs 1,10,893.40 crore, which include a JSW Steel proposal to set up a 10-MTPA plant at the Posco site near Paradip in Jagatsinghpur district.
The proposed projects would together generate employment opportunity for about 46,054 people, said officials. The JSW would invest Rs 50,000 crore for its project and create 30,000 employment opportunities.
The clearance of the Jindal proposal assumes significance in the backdrop of the South Korean steel major Posco withdrawing its project due to various reasons, the major being locals’ protest.
The process of restoring 1,700 acres of land from the Posco is also underway.
The JSW Slurry Pipeline would also undertake a pipeline project of 30 MTPA between Joda and Paradip with an investment of Rs 3,700 crore with 350 job guarantees.
The NlC Thermal Power would set up 3,200 MW power and steel project in Jharsuguda with an investment of Rs 23,589.60 crore with job opportunities for 3,320 youths while the Bhusan Power and Steel ltd would develop 5.50 MTPA project in Jharsuguda at an investment of Rs 4,252.40 crore. It would generate employments for 900 youths.
Similarly, the Deepak Fertilizers and Petrochemicals would set up a 3,30,000 MTPA technical ammonium Nitrate at an estimated cost of Rs 1,750 crore with an assurance of creating 440 job opportunities.
The NMDC Pellet Plant would develop a 2 MTPA project at Dhamra with an investment of 1,810 crore and create jobs for 850 persons.
The HlCA further approved the expansion proposals of four existing projects. These projects include the Nalco Smelter Expansion (0.50 MTPA) at Angul with an investment of Rs 10,000 crore with job assurance to 5,700 persons, the Nalco Refinery Expansion (1.0MTPA) at Damanjodi at an investment of Rs 4,357.20 crore with 900 job guarantees, PPl’s urea plant expansion at Paradip at Rs 9,459.17 crore with employment opportunities for 2,667 persons and the OCl’s 2.25 MTPA cement factory expansion project at Rajgangpur with investment of Rs 1,994.98 crore and job assurance for 365 persons.