The approved investments cover important industries including steel, aluminum, power generation, green hydrogen, engineering products and green energy equipment, strengthening Odisha’s commitment to industrial expansion and sustainability. These projects mark an important step towards economic growth and positioning the country as a key industrial destination.
Major cross-sectoral investments
Aluminum field
Vedanta Ltd. will establish two important projects in the Rayagada district:
An investment in a 6 MTPA alumina refinery was Rs 505,37 crore, generating 8,700 jobs.
Greenfield 1.2 MTPA aluminum smelter has an investment of Rs 40,991 crore and offers 7,200 jobs.
Steel Department
JSW Steel Limited will build a 5 MTPA integrated steel mill in Keonjhar, including upstream and downstream facilities. The project requires investment of Rs 350,000 crore and will generate 8,000 jobs.
Shyam Steel Works Private Limited will invest Rs 52 billion in Bhadrak’s 1.5 MTPA integrated steel plant to create 6,000 jobs.
OCL Iron and Steel Limited will expand its steel production through Keonjhar’s 1.2 MTPA integrated steel mill, investing Rs 30,000 crore and creating 3,500 jobs.
Electricity Department
Orissa Thermal Energy Limited will build a 2,400 MW ultra-high coal hot coal power plant in Cuttack, investing Rs 1,844 crore and providing 8,100 jobs.
Rare earth mineral field
Orissa Metallurgical Industry Sdn Bhd will build a titanium complex in Ganjam to produce titanium slag, pigments and sponges, investing Rs 80,000 crore and generating 8,000 jobs.
Green hydrogen fan
Shreetech Data Limited will invest Rs 1,560 crore to create 9 KTPA green hydrogen production unit in Rasgovindapur, Mayurbhanj, creating 1,130 jobs.
Green Energy Equipment Department
World Green Energy Private. Ltd. will establish a solar module manufacturing facility (1.2 GW) and a photovoltaic cell production unit (4 GW) in Gopalpur, Ganjam. An investment of Rs 1,475 crore will provide 814 job opportunities.
Railway equipment manufacturing industry
Jupiter Tatravagagagaga Orbital Private Limited will expand its orbital wheel manufacturing plant in Khurda, investing Rs 10,900 crore and creating 495 jobs.
The latest approval from the Odisha government highlights its commitment to fostering industrial development and attracting large-scale investment to drive economic growth and employment in the state.
