Business

Odisha Govt To Set Up Manufacturing Units In State At Rs 25,845 Crore

News World India | 0
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| November 3 , 2018 , 17:44 IST

The Odisha government on Saturday has approved six proposals to set up large manufacturing units in the state at an investment of Rs 25,845 crore.

The manufacturing units will likely to create 13,700 jobs across Odisha.

According to reports, the High-Level Clearance Authority (HLCA), headed by Chief Minister Naveen Patnaik approved the projects.

Among the approved projects, three are from Vedanta Ltd as it plans to set up a unit to make caustic soda and chemical byproducts at Dhamra in Bhadrak district at an investment of Rs 6,500 crore.

The HLCA also approved Vedanta's proposal to expand its alumina refinery plant at Lanjigarh in Kalahandi district at an investment of Rs 6,483 crore.

Also Read: The Union Cabinet Approves New Telecom Policy Aims To Attract $100 billion Investment 

The Odisha government also approved a downstream project of state-run Nalco entailing an investment of Rs 5,522 crore. The state-run Nalco project will produce aluminum alloy wheel, aluminium foil, aluminium rolled products and extrusions at Kamakshyanagar in Dhenkanal district.

The HLCA approved projects also include an Rs 1,100-crore investment proposal of Chiripal Poly Films Ltd for production of flexible packaging at Paradip with Hindalco Industries Ltd plans to establish a downstream unit for production of aluminium flat-rolled products at Lapanga in Sambalpur.

(With Inputs from IANS)

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