Bhubaneswar: The government has cleared seven large-scale industrial proposals worth a combined Rs55,783 crore, with the potential to create 14,507 jobs, according to an official announcement on Thursday.
The projects were approved during a meeting of the High-Level Clearance Authority chaired by Chief Minister Mohan Charan Majhi, who later announced this on a post on X.
Majhi noted that the new investments support the state’s long-term plan to build a self-reliant and prosperous Odisha by 2036.
Investment spread across multiple key sectors
The approved proposals cover a wide range of industries – steel, rare earth materials, automobiles and components, semiconductors, industrial gases, ferroalloys, power and renewable energy – and will be located across Dhenkanal, Ganjam, Keonjhar, and Khurda districts, according to reports.
Sector-wise approvals: Steel: Saffron Resources Pvt Ltd, part of the JSW Group, has secured the largest project approval – a Rs35,000-crore steel plant with a production capacity of 6 MTPA in Dhenkanal. The facility alone is expected to employ about 8,000 people.
Rare earth materials: Jindal Poly Films Ltd plans to build a Titanium Dioxide Pigment unit of 0.5 MTPA in Ganjam for Rs12,000 crore, creating 4,000 jobs.
Automobiles & components: A major industry player will invest Rs1,697 crore to set up a manufacturing line for tyres, carbon black, and zinc oxide in Ganjam, providing 685 jobs.
Semiconductors: Sancode Semi Pvt Ltd will establish an Outsourced Semiconductor Assembly and Testing facility in Khurda with a budget of Rs1,649.98 crore, generating 570 jobs.
Industrial gases: Inox Air Products Pvt Ltd will spend Rs1,300 crore to develop an Air Separation Unit in Dhenkanal, adding 180 jobs and supporting industrial demand for gas supplies.
Ferroalloys: Ferro Alloys Corporation Ltd plans to invest ₹2,000 crore in Keonjhar to set up ferro-manganese and silico-manganese units, a manganese ore beneficiation plant, and a 100 MW captive power facility, thereby creating 772 jobs.
Power generation: GMR Kamalanga Energy Ltd has received approval for a 350 MW thermal power project in Dhenkanal, backed by an investment of ₹2,136.02 crore, which is projected to provide 300 jobs.
