Adani Group to invest Rs 57,575 crore in Odisha

Appreciating the efforts of the Chief Minister for making Odisha an industrially developed State,

Published: 12th August 2022 06:03 AM  |   Last Updated: 12th August 2022 06:03 AM   |  A+A-

Rs 100 notes, Rupee, Cash, money, Economy

Image used for representational purposes (File Photo| IANS)

By Express News Service

BHUBANESWAR: Adani Group will invest Rs 57,575 crore in Odisha in the next few years. The High-Level Clearance Authority (HLCA) headed by Chief Minister Naveen Patnaik has already approved two projects - 4 MMTPA integrated alumina refinery and 30 MMTPA iron ore (value addition) facility - on Wednesday. 

Appreciating the efforts of the Chief Minister for making Odisha an industrially developed State, Chairman of Adani Group Gautam Adani said, the capital investment of Rs 57,575 crore will create 9,300 direct jobs and open up tens of thousands of indirect employment opportunities in the State. 

“Odisha is one of our most strategic states in which we have continued to invest. Metals are critical commodities on which the nation must be self-reliant, and these projects are aligned with our vision of Atmanirbharta. Being a power-intensive business, we are able to generate and help to produce the greenest alumina anywhere,” he said.

Similarly, the 30 MMTPA iron ore (value addition) project comprises an iron ore beneficiation plant producing iron ore concentrate, a slurry pipeline for iron ore concentrate slurry and a dewatering/filtration and pellet plant to produce filter cake and pellet.

The iron ore beneficiation plant will be located at Deojhar in Keonjhar district while the pellet plant will be set up at Dhamra in Bhadrak district.


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.

flipboard facebook twitter whatsapp