Odisha approves 20 industrial projects worth ₹76,612 crore, potential for 50,517 jobs

The High-Level Clearance Authority (HLCA) of Odisha on Wednesday approved 20 major industrial projects with a combined investment of ₹76,611.86 crore. According to the state government, these projects have the potential to generate 50,517 employment opportunities across nine districts.

The approvals were granted during the 45th HLCA meeting chaired by Chief Minister Mohan Charan Majhi. The projects span sectors including gemstone manufacturing, green energy equipment, aerospace and defence, rare earth minerals-based products, pharmaceuticals, mechanical and electrical capital goods, chemicals, and steel.

The largest investment proposal came from Rashmi Metallurgical Industry Private Limited, which will set up a four million tonne per annum capacity integrated steel plant in Jajpur. The project is expected to create 11,000 jobs.

Shyam Metalics and Energy Limited has pledged ₹7,580 crore for a one million tonne per annum steel plant in Sambalpur. Tata Power Renewable Energy Limited will establish an ingot and wafers unit along with a solar PV cell manufacturing unit in Ganjam, with an investment of ₹10,000 crore, potentially generating 5,000 jobs.

In the renewable energy sector, Rajapuspa Renova LLP received approval for a pumped storage hydro-power plant in Malkangiri, with an investment of ₹5,220 crore.

Several companies proposed lab-grown diamond manufacturing units. Kira Diam LLP will set up a unit in Khordha district at an estimated investment of ₹7,000 crore. Anjali Labtech Limited and Grow Magnificent Private Limited also proposed similar projects. Combined investment in the diamond sector is ₹9,817.50 crore, expected to create 8,100 jobs.

The Odisha government stated that the projects align with the state's focus on industrial diversification and inclusive economic growth, supported by progressive policies and infrastructure.