Odisha approves 8 key projects worth Rs 1.5 Lakh Crore; set to create over 60,200 job opportunities

Odisha Government approved eight mega projects worth over Rs 1.5 Lakh Crore, and the industrial push is set to generate over 60,200 job opportunities, a press release issued on Monday in this regard said.

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In a major boost to the State's economy, the 41st High-Level Clearance Authority (HLCA) meeting has approved the eight transformative industrial projects worth Rs 1,51,239.50 Crore, with the potential to create over 60,200 job opportunities.

8 key industrial projects in nutshell

The mega projects, spread across six districts such as Dhenkanal, Ganjam, Jajpur, Keonjhar, Khordha, and Sambalpur, spanning strategic sectors including Aluminium, Chemicals, Steel, Textiles, and ancillary and downstream inthe  Metal sector.

In the Aluminium sector, Vedanta Ltd leads with a landmark investment of Rs 1,28,000 crore to establish a 3 MTPA Aluminium Smelter and 4900 MW Captive Power Plant (CPP) in Dhenkanal. This single mega project is expected to create 30,000 jobs, reaffirming Odisha’s position as a global aluminium hub.

The Chemicals sector also witnessed a substantial proposal by SRF Ltd, which will set up a specialty chemicals and refrigerant manufacturing unit with an annual capacity of 2 lakh MT in Ganjam, involving an investment of Rs 10,000 crore and generating 20,000 employment opportunities.

In the Steel and Metal downstream sector, Jindal India Steel Tech Ltd will set up a 1.26 MTPA specialty steel processing facility in Dhenkanal, with an investment of Rs 3,600 crore, creating 2,000 jobs. Further, Shyam Steel Manufacturing Ltd proposes a 0.53 MTPA integrated steel plant, DI pipe unit, and 46 MW CPP in Keonjhar, at Rs 2,490 crore, employing 2,370 persons. Additionally, Linde India Ltd will invest Rs 1,303.50 crore to establish an Air Separation Unit in Jajpur, offering high-quality industrial gases and employing 100 people.

Ancillary Metal sector projects include Star Metal Works Pvt Ltd, which will invest Rs 2,291 crore in Sambalpur to set up a narrow hot strip mill, cold rolling, and plate cum Steckle mill, creating 250 jobs. Meanwhile, Supreme Metals Export Pvt Ltd plans a 1.2 MTPA rolling mill for TMT bars and wire rods in Keonjhar, worth Rs 1,500 crore, generating 680 jobs.

In the Textiles sector, Sportking India Ltd will invest Rs 2,055 crore in Khordha to establish a cotton and blended yarn manufacturing unit with an annual capacity of 62,000 MT, creating 4,800 employment opportunities.

The projects approved in the 41st HLCA meeting reflect Odisha’s strong commitment to industrial growth, job creation, and economic development. With focused leadership and fast decision-making, the state is attracting major investments across key sectors.

The Chief Minister, after clearance of these 8 projects, said that since the beginning, his government has held 6 HLCA meetings, including that of today.

Over these 6 meetings, a total of 62 projects have been approved with an investment opportunity of Rs 5.67 lakh that can potentially create about 2.42 lakh jobs. He further said that this progress is a clear step towards the national goal of ‘Viksit Bharat by 2047’ and the State’s vision of ‘Samruddha Odisha by 2036’.

“Odisha is moving confidently towards becoming a leading industrial and investment hub in India. Marking the completion of one year of the new (BJP-led) government in Odisha, the State is witnessing the true impact of ‘double-engine’ governance powered by strong coordination between the Centre and the State,” expressed the CM.