Odisha approves ₹44,200 crore industrial boom with 10 mega projects
The Odisha government has given the green light to 10 major industrial projects valued at Rs 44,200 crore. These initiatives are set to create jobs for 8,765 people across eight districts. The approved ventures cover sectors from renewable energy to advanced manufacturing.
Among the largest investments is Adani Hydro Energy Twelve Ltd's Rs 9,731-crore pumped storage hydro power plant in Nayagarh. Another significant project is Sangamam CD Hydro Consortium's Rs 9,000-crore hydro plant in Koraput. Greenko Private Ltd will also invest Rs 7,506 crore in a similar facility in Kalahandi.
Jindal Green PSP Two Private Limited has secured approval for a Rs 3,711-crore pumped storage hydro power plant in Deogarh. Meanwhile, Bharat Forge Ltd will establish a Rs 3,000-crore manufacturing unit for aerospace and defence components in Dhenkanal.
In Khurda, ASP Semicon's Rs 4,620-crore semiconductor memory chip plant and Magnova Private Ltd's Rs 1,050-crore high-performance magnet facility have been approved. The cement sector will see investments from NCL Industries and Dalmia Cement (Bharat) Ltd, each committing Rs 2,000 crore to plants in Koraput and Malkangiri, respectively.
The projects span renewable energy, semiconductors, defence, and heavy industries. One notable example is a warm rolling mill for Jindal Steel Odisha, designed for five million tons annual capacity with renewable energy integration.
The 10 projects will bring Rs 44,200 crore in investments to Odisha. They are expected to boost employment and industrial growth in eight districts. Key sectors like energy, manufacturing, and technology will see major expansion.
