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State Clears Four Projects with Rs 846 Cr Investment

Published: 15th January 2015 05:59 AM  |   Last Updated: 15th January 2015 05:59 AM   |  A+A-

BHUBANESWAR: The State Government on Wednesday accorded in-principle approval to four investment proposals estimated at `846 crore. The projects approved has the potential to provide direct employment to more 1,000 people.

The State Level Single Window Clearance Committee (SLSWCLC), headed by Chief Secretary G C Pati, cleared four projects involving investment of `846 crore, said CMD of the State-owned Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) Gagan Kumar Dhal.

A proposal of Uttam Intralogix to construct 21-km long cross country pipe conveyor from Odisha to Chhattisgarh and a coal unloading and crushing facility at Baliamunda of Sundargarh district with a total investment of `500 crore has been approved by the committee. The investment in Odisha is `260 crore, he said.

The company will transport coal from Mahanadi Coalfield area through the pipeline. The project will provide employment to 30 persons.

Germany-based SMS India’s proposal to expand its steel manufacturing unit at Khurda at an investment of `168 crore was also approved by the SLSWCLC.

A proposal of the Container Corporation of India Limited (CONCOR), a unit under the Railway Ministry, has also been approved by the State Government. The expansion plan envisages employment opportunity for 119 persons.

CONCOR India has proposed two container terminals, one at Muniguda and another at Paradip, at an investment of `236 crore and will also set up two multi-modal logistic parks at both the places.

Purvi Bharat Paper and Power Limited’s proposal of establishing a logistic park and a rooftop solar power plant of 1.5 MW capacity at an investment of `182 crore at Indranipatana village near Choudwar has been approved.

 The clearance of these projects are subjected to  permission from the Energy and Water Resources departments, he said. Dhal said another proposal from the Saraf Group Industries to set up 15 MW captive power plant at its project site at Chhatrapur has been put on hold.

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