The State Government on Thursday cleared three industrial expansion projects that would attract a total investment of Rs 17,833 crore.
At the 21st High-Level Clearance Authority (HLCA) meeting held at the Kharavel Bhawan here, Chief Minister Naveen Patnaik approved expansion projects of HINDALCO, NTPC and Rungta Mines.
The projects would create a total of 6,539 jobs in the State.
“Around Rs 8,000 crore will be invested for HINDALCO’s expansion projects that will generate 4,250 jobs. Besides, Rs 7698 crore will be invested in NTPC and Rs 2,135 in Runga Mines,” said Minister for Energy, Industries and MSME Capt Dibya Shankar Mishra.
The Hindalco would set up a 2-million-tonne-per-annum (MTPA) alumina refinery unit at Kansariguda in Rayagada.
The NTPC would expand capacity of its Talcher Thermal Power Station in Angul district. The Rungta Mines Limited (RML) would expand its integrated steel plant from 0.27 MTPA to 0.9-MTPA capacity at Kamanda village in Sundargarh district and provide additional employment of 2,289 people.
The Minister further said that State Government has welcomed the Centre’s decision to divest equity shares of the Neelachal Ispat Nigam Ltd (NINL). He said disinvestment in NINL would help increase production of the company and create more jobs. “Stakeholders who will expand the company and make it a profit-making venture as well as benefit its employees will be welcomed for its acquisition,” said the Minister.