Approved: 9 Investment Projects Worth 1.53 Lakh Cr

Bhubaneswar: The Odisha government on  Thursday approved nine investment projects worth Rs 1.53 lakh crore including  a Rs 38,000 crore proposal of ArcelorMittal  Nippon Steel (AMNS) India Ltd, an official  said. The high level clearance authority (HLCA)  of Odisha led by Chief Minister Naveen  Patnaik has approved these projects that
would generate employment for over 27,000  people in the state. The HLCA has given a go-ahead to four
projects in the green energy and equipment  sector, two projects in the paper industries,  two projects in the metals and minerals sector  and one project in the ITinfrastructure sector.  The project intents were received during the
Make in Odisha Conclave, 2022. According to officials, the proposal of  ArcelorMittal to set up a 7 million tonne per
annum (MTPA) steel plant in Jagatsinghpur  district of Odisha has been approved today.  This project is expected to churn employment opportunities for 11,000 people. Similarly, the state has approved the proposal  of Rungta Metals Private Limited (RMPL)  for the expansion of its integrated steel plant  from 0.5 MTPA to 1 MTPA in Rairangpur of Mayurbhanj  district with an investment of Rs 1,140 crore. The committee has approved the proposal of ACME Clean
Energy Private Limited, entailing an investment of Rs  58,209 crore. The company has proposed to set up a green
hydrogen plant and a green ammonia plant with a capacity  of 1.1 million metric tonne, at Kujanga in Jagatsinghpur
district and 4,500 MW solar power plants at Koraput and  Kalahandi districts. The state has also approved the proposal of Avaada Green  H2 Private Limited at Ganjam district, which promises an  investment of Rs 23,500 crore.
The two other green energy projects will be set up by Renew  EFuels Private Limited (REFPL) with an investment of Rs  20,000 crore and Ocior Energy Private Limited with a cost  of Rs 7,200 crore. The CM-led panel also approved two paper industry  projects by Bank Note Paper Mill India Private Limited and  Deevyashakti India Private Limited. With an investment of Rs 2,500 crore, the Bank Note Paper  Mill India Private Limited, a joint venture of government of  India and RBI, will set up a bank note paper unit at Balasore. On the other hand, Deevyashakti India proposed to set up an  integrated pulp and paper mill at Dhenkanal, which includes  an investment worth Rs 1,000 crore. In the IT and Infrastructure sector, the investment proposal  of Rs 1,525 crore by My Home Constructions Private  Limited has been approved by the HLCA.

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