Odisha Industrial Projects approved: 15 new investments worth 3,353 INR-Crore

The Odisha Government approved 15 new industrial investments on Friday, November 8. With a total estimated 3,353 INR-Crore, these are projected to generate 4,637 jobs. These approvals emerged from a meeting of the State Level Single Window Clearance Authority (SLSWCA), highlighting Odisha’s commitment to expanding its industrial footprint.

The projects span sectors such as Chemical/Renewable Energy, Steel, Aluminium, Food Processing, Manufacturing, Textile & Apparel, Tourism, Pharmaceuticals, and Cement. They will be distributed across key districts, including Koraput, Khurda, Baragarh, Puri, Cuttack, and Jharsuguda. This broad coverage ensures growth across Odisha’s regions.

Also Read: Industrialization in Odisha: State approves 26 projects worth INR 5,992 Crore

Chemical/Renewable Energy:

Reliance Bio Energy Ltd will invest around 121.21 INR-Crore to establish a compressed biogas and organic manure plant in Puri. This project is expected to generate 69 jobs, driving growth in green energy solutions.

Steel:

Beekay Steel Industries Ltd will invest an estimated 750 INR-Crore to expand its steel operations in Cuttack. The facilities include sponge iron, billets, ferro alloys, and sinter, as well as a captive power plant. This steel initiative will create 800 jobs, solidifying Odisha’s position in the steel sector.

Aluminium:

HM Power and Cables Pvt Ltd will establish a manufacturing unit for aluminium conductors, power cables, and wires in Jharsuguda. The estimated investment for this project is 55.72 INR-Crore and would create 205 jobs. Additionally, Nexthermal Asia Pvt Ltd will invest an estimated 55.81 INR-Crore for a heating elements plant in Khurda, creating 132 jobs.

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Food processing: 

Meanwhile, this industry will welcome investments from Bhuvaneshwari Foods and Beverages, Aban Beverages, and Geofast Consumer Products. With a combined investment of around 1,542.04 INR-Crore, these projects across Khurda, Baragarh, and Cuttack will yield over 1,358 jobs.

Textile:

Odisha Textile Manufacturing Pvt Ltd will set up a recycled yarn manufacturing facility in Khurda, converting textile waste into new yarns. The estimated investment is 51.80 INR-Crore and will create 535 jobs.

Pharmaceutical:

Infunex Healthcare Pvt Ltd set up a second unit in Cuttack for intravenous fluids, adding 182 jobs through a 59.43 INR-Crore investment. Ultra Tech Cement Ltd will expand its grinding unit in Cuttack, doubling capacity with an estimated investment of 372 INR-Crore. This expansion will create 581 jobs.

Apart from these industrial investments, the Odisha government also gave nod to a few tourism projects. These include: 

ITC Ltd is expanding its five-star Welcomhotels in Bhubaneswar, contributing 240 jobs through a 119.14 INR-Crore investment. Additionally, SJ JRG Ventures LLP and Crackers India Infrastructures Ltd (LYFE Group of Hotels) will bring new hospitality facilities to Puri and Koraput. The estimated investment is 154 INR-Core and will create around 380 jobs.

These industrial investments in Odisha reinforce the state’s dedication to growth across varied industries, fueling economic expansion, job creation, and industrial strength.

Also read: Odisha’s SWC approves 4,671 INR-Crore for Renewable Energy projects

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