Post News Network
Bhubaneswar, Sept 30: The state government Tuesday approved seven major investment projects worth Rs 41,900crore.
The proposals include foreign direct investment (FDI) by a Japanese company JGreen Power Private Ltd which will invest Rs 3,106crore to set up an eco-friendly project at Dhamra in Bhadrak district, informed Industries Minister Debi Prasad Mishra. The projects, four in power, two in steel and one in aluminium sector, were approved at the High-Level Clearance Authority (HLCA) meeting presided over by Chief Minister Naveen Patnaik. The projects will help provide direct employment to 4,450 persons. It also approved the proposal of Mahanadi Basin Power Ltd, a subsidiary of Mahanadi Coalfields Ltd (MCL), which had planned to establish a 2X800 MW coal based thermal power plant at Basundhara in Sundargarh district at an investment of Rs 8,000 crore.
The panel approved a proposal of Tata Power Ltd for change of location from Naraj Marthapur in Cuttack to Begunia in Khurdha district for a 1,320mw coal-based thermal plant with an investment of Rs 7,500crore.
The minister said the proposal of CESC Ltd to enhance its capacity from 1,000mw to 1320mw with super critical units at Neulapoi in Dhenkanal district with an investment of `6,861.84crore received HLCA nod. The HLCA also approved expansion proposals of Bhushan Power and Steel, Ardent Steel and Utkal Alumina.
Bhushan Power and Steel has proposed to expand steel-making capacity from 2.80 million tonne per annum (mtpa) to 5.5 mtpa at Telkoi in Sambalpur district with an investment of `4,837crore. Utkal Alumina International Ltd has also proposed to expand its refinery capacity from 1 mtpa to 1.5 mtpa at Doraguda in Rayagada district, said the minister.
It has also proposed to expand captive power plant from 50mw to 90mw. Utkal Alumina will invest Rs 7,563crore for both the projects, Mishra said.
Keonjhar-based Ardent Steel Limited has proposed to expand capacity of its iron ore pelletisation plant, iron ore benefication plant, DRI plant, pig iron blast furnace, sinter plant, rolling mill and CPP at an investment of Rs 4,031 crore.
Industries secretary Sanjiv Chopra said the state government has received details of land needed for the project and IPICOL will verify the demand and help provide land to implement these projects.
