The investment proposals, including for green hydrogen, green ammonia and renewable energy, were approved at the High-Level Clearance Authority (HLCA) meeting chaired by the chief minister, the official said
Odisha Chief Minister Naveen Patnaik has approved 12 key projects with a cumulative investment intent of Rs 84,918.75 crore. These projects, spanning various sectors, are expected to generate employment opportunities for 42,281 people. The investment proposals cover sectors such as apparel and textiles, green hydrogen, green ammonia, steel, power, renewable energy, and chemical and petrochemical downstream.
Among the approved projects, Welspun Living Limited received approval to establish an integrated textile and logistics facility in Cuttack district with an investment of Rs 3,050 crore, potentially creating employment for 20,210 people.
Additionally, in the green hydrogen and green ammonia sectors, approvals were granted to companies like Welspun New Energy Limited, Sembcorp Green Hydrogen India Private Limited, and ReNew E-Fuels Private Limited, with significant investments and employment generation potential.
In the steel sector, Tata Steel's project for an HR & CR Coil plant in Dhenkanal, valued at Rs 10,351.11 crore, received approval and is expected to create employment opportunities for 3,725 people. Other approved projects include those in the power and renewable energy sectors, such as NTPC Limited's 800 MW super thermal power plant in Sundergarh.
Furthermore, the chemical and petrochemical downstream sector saw a boost with the approval of Aegis Vopak’s project for a greenfield tank storage facility for liquid ammonia in Gopalpur, Ganjam district, with an investment of Rs 1,000 crore and potential employment for 100 individuals.