On Monday, January 6, the High-Level Clearance Authority (HLCA)approved massive investment proposals worth an estimated 44,793.03 INR-Crore in Odisha. These projects span five sectors: refinery and petrochemicals, green energy equipment, biotechnology, steel, and chemicals.
Indian Strategic Petroleum Reserves Ltd committed an estimated 8,743 INR-Crore to establish a 4 MMT crude oil storage facility in Jajpur. Meanwhile, Inox Solar proposed a around 4,000 INR-Crore investment in Dhenkanal to develop a solar module and photovoltaic cell manufacturing unit, each with a 4.8 GW capacity.
Also Read: Odisha Government okays 25 projects worth 4,222 INR-Crore
Furthermore, ACME Cleantech Solutions Pvt Ltd announced plans to invest an estimated 4,050.03 INR-Crore in Cuttack for a cutting-edge sustainable protein plant. This facility will focus on producing mushroom root fermentative protein. Additionally, Tata Steel will invest around 26,175 INR-Crore to expand its Kalinganagar operations in Jajpur. The expansion will include a 2.2 MTPA cold-rolled and coated steel products facility and a 2 MTPA plate mill.
Himadri Green Technologies Innovation proposed to invest around 1,825 INR-Crore in Cuttack to set up a facility for mineral oil and tyre recycling products. By facilitating large-scale investments, the HLCA is driving economic growth, fostering sustainability, and solidifying Odisha’s position in the manufacturing sector.
Biltrax Construction Data is tracking 33,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
