By Bizodisha Bureau, Bhubaneswar, January 6, 2021: Odisha on Wednesday approved investment projects worth Rs 6,443 crore. These projects, including some expansion projects in diverse sectors, are expected to generate around 4,700 jobs.

Expansion of Yazdani Steel and Power Limited’s integrated steel plant at Kalinganagar in Jajpur district from existing Rs 0.07 million ton per annum (mtpa) to 1.19 mtpa at an investment of Rs 2415 crore has got the green signal. The Odisha-based will create additional employment opportunities for 2867 persons, according to an official release.

The high-level clearance authority (HLCA) led by chief minister Naveen Patnaik that generally approves individual investment projects of more than Rs 1,000 crore cleared three projects while the state-level single window clearance authority (SLSWCA) led by chief secretary Suresh Chandra Mahapatra gave its nod to five projects with individual investment potential of less than Rs 1,000 crore.

The HLCA also approved a proposal of Shiva Cement Limited (SCL), a subsidiary of JSW Cement Limited, for a clinker unit with a capacity of 1.32 mtpa at Telighana, Kutra, Sundergarh. Several other subsidiary investment plans of the company also got state government approval. Around Rs 1523 crore will be invested by the company for the project which will create 600 new jobs.

The Naveen Patnaik government also approved an investment proposal of Rs 1420 crore for establishment of a crude oil terminal by Numaligarh Refinery Ltd (NRL) at Paradip. The project will generate around 200 jobs. The refinery and petrochemicals sector is one of the six focus sectors of the state.

Projects cleared by the SLSWCA include IFFCO’s sulphuric acid expansion project unit with an additional annual capacity of 6,60,000 MT at Paradip with an investment of Rs 400 crore and series of projects in Sundargarh district by Patnaik Minerals Private Limited with total investment capacity of Rs 243 crore.

The SLWCA also approved two grain-based distillery units and bottling plants by Premier Alcobev Private Limited at Bamra in Sambalpur with an investment of Rs 275 crores and another by Cuttack Agrivet Pvt Ltd at Mundali in Cuttack by investing Rs 112.50 crore.

A 4-star-hotel-cum-resort project by S J Developers and Housing Private Limited at Pipli in Puri district has also got go green signal for promoting state’s tourism sector. The promoter will invest Rs 54.58 crore for the project.

With approval of the eight investment projects on Wednesday, the state government has cleared projects worth Rs 1.25 lakh crore during the Covid-19 period. The chief minister also congratulated the officials for reviving the industrial growth of the state amid the worldwide economic slowdown.

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