Govt approves Rs 1,215 crore investment proposal
The committee headed by chief secretary B K Patnaik cleared two cement projects, an iron ore pelletisation unit and a high tension cable manufacturing unit, official sources said here.
The pelletisation project, with 6 mtpa capacity, is proposed to be set up by Chadalavada Pvt Ltd at a cost of Rs 680 crore near Kalinganagar in Jajpur district, they said.
The project, proposed to come up in 250 acre, is expected to generate 500 jobs, they said, adding that in the first phase its capacity would be 2.5 mtpa.
The cable manufacturing unit is to be set up in 40 acre near Khurda by Gupta Power Infrastructure Pvt Ltd at an investment of Rs 192 crore. It has the potential to hire about 400 people.
One of the cement units is proposed to be established in 25 acre, by Jajpur Cement Ltd near Kalignanagar, at a cost of Rs 63 crore. Its capacity would be 0.5 mtpa.
Similarly, Nabadurga Industries Ltd seeks to set up two units at a cost of Rs 280 crore. It would have a clinker unit at Kantabanjhi in Balangir district and a crushing project at Bainchhua in Cuttack district, sources said adding the entire project would have the potential to provide employment to 400 people.