In a push to Odisha’s industrial expansion, the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Majhi, has approved investment proposals amounting to Rs 1,65,303 crore. The decision, reported by The Hindu, marks a strategic move to enhance the state’s position as a key industrial hub, driving employment and economic growth.
The approved investments span multiple critical sectors, including steel, aluminium, power generation, green hydrogen, engineering goods, and green energy equipment. These projects are poised to generate over 51,939 direct and indirect job opportunities, primarily across seven districts—Bhadrak, Cuttack, Ganjam, Keonjhar, Khurda, Mayurbhanj, and Rayagada.
One of the largest contributors to the investment wave is the Vedanta Group, which has committed a staggering Rs 91,528 crore towards two major projects in Rayagada. The first initiative, a 6 MTPA (million tonnes per annum) alumina refinery, involves an investment of Rs 50,537 crore. The second project, a 1.2 MTPA aluminium smelter, carries an investment outlay of Rs 40,991 crore. Collectively, these projects are expected to generate 15,900 jobs, reinforcing Odisha’s prominence in the metals and mining sector.
Odisha’s steel industry is also set for a massive boost, with leading companies committing significant funds to expand production capabilities.
JSW Steel Limited has announced an investment of Rs 35,000 crore for a 5 MTPA integrated steel plant in Keonjhar, the home district of Chief Minister Mohan Majhi. This venture is anticipated to create 8,000 jobs.
OCL Iron and Steel Limited is set to establish a 1.2 MTPA integrated steel plant in Keonjhar with an investment of Rs 3,000 crore.
Shyam Steel Works Private Limited will set up a 1.5 MTPA integrated steel plant in Bhadrak, backed by an investment of Rs 5,200 crore, further solidifying Odisha’s standing as a leading steel-producing state.
Odisha’s power sector is another major beneficiary of the approved investments.
Orissa Thermal Energy Limited has proposed a 2,400 MW ultra-supercritical coal-based thermal power plant, which will involve an investment of Rs 18,450 crore.
Orissa Metallurgical Industry Private Limited has committed Rs 8,000 crore for setting up a titanium complex in Ganjam. This facility will produce titanium slag, titanium pigment, and titanium sponge—key raw materials essential for aerospace, defense, and industrial applications.
The large-scale investments reflect Odisha’s growing appeal as an industrial powerhouse, offering a robust ecosystem for heavy industries, renewable energy, and advanced manufacturing. The approved projects align with the state’s vision of sustainable industrial growth, leveraging its rich mineral resources and strategic location to attract major players.
