Odisha clears Rs 44,793 crore investments ahead of Utkarsh Odisha conclave

In the 38th High-Level Clearance Authority (HLCA) meeting, Odisha has sanctioned investments totalling Rs 44,793.03 crore in five transformative industrial projects. 

These industries range from refineries and petrochemicals to green energy, biotechnology, steel, and chemicals; the projects would provide more than 23,000 jobs for people, boosting the industrial and economic landscape in Odisha even further.

These project clearances by the HLCA come ahead of the much-awaited Utkarsh Odisha 2025. With the help of successive roadshows held in cities like Delhi, Mumbai and Singapore, Odisha has garnered interest among investors and managed to approve major projects early into the year. This depicts growing business confidence in the developing industrial scenario in Odisha.

Major projects included are:

• Indian Strategic Petroleum Reserves Limited will invest Rs 8,743 crore in the state to set up a 4.00 MMT crude oil storage facility at Jajpur, generating 5,130 jobs.

• Inox Solar Limited will invest Rs 4,000 crore in Dhenkanal to establish a solar module and photovoltaic cell manufacturing unit, creating 3,400 jobs.

• ACME Cleantech Solutions Pvt. Ltd. is planning to invest Rs 4,050.03 crore in Cuttack for a sustainable protein manufacturing plant focused on mushroom root fermentative protein, creating 3,475 jobs.

• Tata Steel Limited will expand its operations with a Rs 26,175 crore investment in a 2.2 MTPA cold rolled and coated steel products facility and 2 MTPA plate mill in Jajpur, which will create 8,000 jobs.

• Himadri Green Technologies Innovation is going to invest Rs 1,825 crore in Cuttack to set up a mineral oil and tire recycling products facility that will generate 3,000 jobs.

Chief Minister Mohan Charan Majhi remarked, “The approval of these significant projects before Utkarsh Odisha 2025 highlights our state’s growing industrial strength. These investments will create thousands of jobs and directly benefit the people of Odisha. Our focus is to ensure Odisha remains a top investment destination, driving sustainable progress and prosperity.”

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Projects spread across the key districts of Jajpur, Dhenkanal, and Cuttack will further strengthen the industrial base of Odisha, underpinning innovation and sustainability. These developments would keep Odisha on the growth trajectory for the long-term future, towards Utkarsh Odisha 2025.