Tuesday, September 21, 2021

Govt panel clears investment plans worth Rs 6,443 cr- The New Indian Express

By Categorical Information Service

BHUBANESWAR : The State authorities on Wednesday cleared three funding proposals value Rs 5,358.24 crore in steel, cement and petrochemical sectors. The Excessive Stage Clearance Authority (HLCA) assembly held underneath the chairmanship of Chief Minister Naveen Patnaik permitted the enlargement proposal of Yazdani Metal & Energy of its built-in metal plant at Kalinganagar in Jajpur district from 0.07 MTPA to 1.19 MTPA.

The corporate proposed to speculate Rs 2,415 crore within the mission with an employment alternative for 2867 individuals. The proposal of Shiva Cement, a subsidiary of JSW Cement, so as to add clinker capability of 1.32 MTPA and cement manufacturing capability of 1.05 MTPA with an funding Rs 1,523.24 crore in Sundargarh district received the HLCA nod. The enlargement plan will generate employment alternative for 509 direct and 100 oblique workers.

The crude oil terminal of Numaligarh Refinery Restricted (NRL) at Paradip port with an funding of 1,420 crore received the approval of the federal government panel.  “Odisha continues to be a prime funding vacation spot within the nation. IPICOL just lately bagged the “prime performer” place within the Funding Promotion amongst 20 State Funding Promotion Companies (IPAs) with an total rating of 98 p.c in a survey carried out by the Make investments India and the World Financial institution,” the Chief Minister mentioned.

The State Stage Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Suresh Mahapatra cleared 5 industrial tasks value Rs 1085.08 crore in numerous sectors. These 5 tasks are anticipated to create 964 employment alternatives within the State. The authority permitted sulphuric acid enlargement mission unit with an extra annual capability of 6.60 lakh MT by Indian Farmers Fertiliser Cooperative Restricted (IFFCO) towards an funding of Rs 400 crores to be arrange at Paradip.

The proposal of Patnaik Minerals Non-public Restricted for establishing 0.04 MTPA ferro manganese plant, 0.03 MTPA Silico Manganese, 0.12 MTPA manganese beneficiation, 1 MTPA iron ore beneficiation and 18 MW captive energy plant with an funding of Rs 243 crores was additionally permitted.

Two grain-based distillery unit , one by by Premier Alcobev Non-public Restricted at Bamra in Sambalpur district and the opposite by Agrivet Pvt Ltd at Mundali in Cuttack district with an funding of Rs 275 crore and Rs 112.50 crore respectively have been additionally cleared by the only window authority. A 4-Star hotel-cum-resort mission of S J Builders and Housing Non-public Restricted at Jasuapur, Pipili in Puri district with an funding of Rs 54.58 crores was additionally cleared by the panel.

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