Latest Project Updates
Rs.75069 Million New Pumped Storage Hydro Plant in Kalahandi, Odisha
Executive Summary: A ₹75,069.4 million Pumped Storage Hydro Plant is coming to Kalahandi, Odisha. This large-scale renewable energy project functions as a "water battery" to ensure grid stability and round-the-clock power. As of February 2026, the proposal has officially secured investment approval from the Odisha Government's High-Level Clearance Authority, promising significant regional energy security and employment.
Rs.111160 Million New Captive Riverine Jetty in Kendrapara, Odisha
Executive Summary: A ₹111,160 million captive riverine jetty is planned on the Mahanadi River in Kendrapara, Odisha. Designed with a 90 MTPA capacity, it will support a major greenfield steel plant. Currently awaiting environmental clearance as of February 2026, the project’s five-year construction phase is scheduled to run from April 2027 to March 2032.
Rs.37115 Million New Pumped Storage Hydro Plant in Deogarh, Odisha
Executive Summary: A ₹37,115.6 million Pumped Storage Hydro Plant is set for development in Deogarh, Odisha. This renewable energy facility will provide essential grid-scale storage, creating approximately 415 jobs. As of February 2026, the project has officially secured investment approval from the Odisha Government's High-Level Clearance Authority, marking a major step toward the state's clean energy and infrastructure goals.
Rs.30000 Million New Automotive, Aerospace & Defence Mfg. Unit in Dhenkanal, Odisha
Executive Summary: A leading industrial major is establishing a Rs. 30,000 million manufacturing hub in Dhenkanal, Odisha, focusing on the automotive, aerospace, and defense sectors. Recently approved by the state’s High-Level Clearance Authority, the facility will produce high-precision components. This strategic investment is set to generate significant local employment while strengthening India's domestic production of advanced engineering systems.
Rs.97314 Million New Pumped Storage Hydro Power Plant in Nayagarh, Odisha
Executive Summary: An ambitious ₹9,731.47 crore Pumped Storage Hydro Power project is set for development in Nayagarh, Odisha. Serving as a massive "green battery," the facility will store renewable energy to stabilize the grid during peak demand. As of February 2026, the project has secured formal investment approval from the state’s High-Level Clearance Authority (HLCA).
Rs.6003 Million New Medium Density Fibre Board Mfg. Unit in Koraput, Odisha
Executive Summary: A Company is planning to take up a new medium density fibre board manufacturing unit in Semiliguda, Koraput, Odisha. The project involves setting up medium density fibre board
Rs.20000 Million New Cement Manufacturing Unit in Malkangiri, Odisha
Executive Summary: A leading manufacturer is establishing a ₹20,000 million integrated cement plant in Malkangiri, Odisha. Approved by the HLCA in February 2026, this greenfield project focuses on complete production from clinkerization to grinding. It aims to generate 1,000 jobs, supporting regional development and meeting rising infrastructure demands in Eastern India through strategic proximity to mineral resources.
Rs.20000 Million New Cement Manufacturing Unit in Koraput, Odisha
Executive Summary: A major cement manufacturer is launching a greenfield integrated manufacturing unit in Koraput, Odisha. With an investment of ₹2,000 crore, the project received high-level state approval in February 2026. It aims to leverage local mineral resources to supply the Odisha-Andhra corridor, potentially creating 1,000 jobs and establishing the region as a significant industrial hub.
Rs.3870 Million New Sitting off Plastic-Based Product Mfg. Project in Ganjam, Odisha
Executive Summary: A new manufacturing project is planned in Ganjam, Odisha, for producing plastic-based seating products. The project involves setting up a new production unit with an estimated investment of Rs.3,870 million. As of February 2026, the project has received investment approval from the state government.
Rs.2000 Million New 5 Star Hotel in Puri, Odisha
Executive Summary: A new five-star hotel project is proposed in Puri, Odisha. The development will involve construction of a premium hospitality facility aimed at supporting high-end tourism in the region. The total investment is estimated at around Rs.2,000 million. As of February 2026, the project has received investment approval from the Government of Odisha.