Odisha government nods to five steel expansion projects worth Rs 1.46 lakh crore

The existing steel production capacity of Odisha stands at 30 million tonne per annum and the expansion projects propose to add another 28 million tonne.

Published: 07th July 2021 10:22 AM  |   Last Updated: 07th July 2021 10:22 AM   |  A+A A-

Labourrs load steel rods onto a truck at a steel factory on the outskirts of Jammu July 12, 2012. (File | Reuters)

For representational purposes. (File | Reuters)

By Express News Service

BHUBANESWAR:  The Odisha Government on Tuesday cleared the decks for expansion of five major steel projects entailing a combined investment of Rs 1.46 lakh crore which would help the state double its steel-making capacity.

Chairing the State High-Level Clearance Authority (SHLCA), Chief Minister Naveen Patnaik approved the proposals by Jindal Steel and Power Limited, Tata Steel, Bhushan Power and Steel as well as Rungta Mines.

The existing steel production capacity of Odisha stands at 30 million tonnes per annum and the expansion projects propose to add another 28 million tonnes. Also, this pegs the total investment proposals received by the state at a whopping Rs 4.43 lakh crore during the Covid-19 pandemic, the government said.

Among the major expansions cleared on the day was JSPL’s integrated steel plant at Angul with the existing capacity of 6 million tonnes per annum, which it is scaling up to 18.6 million tonnes. The SHLCA cleared its further expansion to 25.2 million tonnes with an investment of Rs 24,652 crore. 

Now we are on Telegram too. Follow us for updates
TAGS
Odisha Steel projects
India Matters

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

Videos
Gallery