Latest Project Updates
Rs.110000 Million New Greenfield Alumina Refinery Unit in Rayagada, Odisha
Executive Summary: A greenfield alumina refinery unit with 3M TPA capacity and a 150 MW co-gen power plant in Odisha has received approval, with an estimated cost of Rs.110,000 million. Environmental clearance is currently underway.
Chicken Meat Processing Project in Balangir, Odisha
Executive Summary: A chicken meat processing project is planned in Mouza Mandal, Balangir, Odisha, focusing on establishing a modern facility to meet local and regional demand for poultry products. Estimated to cost Rs. 250 million, the project aims to enhance food supply chains and create local employment opportunities. As of November 2024, necessary environmental approvals have been secured.
Rs.518 Million New Chemical Mfg. Project in Khurdha, Odisha
Executive Summary: A new manufacturing unit for Large Volume Parenterals is being established in Khurdha, Odisha, to enhance production capabilities for critical injectable products like IV fluids. With an estimated investment of Rs. 518.5 million, the project reflects a commitment to meeting rising demand in the healthcare sector. As of October 2024, pre-project activities, including site development and compliance assessments, are underway.
New Wire and Nails Mfg. Project in Khordha, Odisha
Executive Summary: A new manufacturing project for wire and nails is set to launch in Mancheswar, Bhubaneswar, Odisha, aiming to boost local industrial capacity. Estimated to cost several million rupees, the project received environmental clearance from the State Pollution Control Board in November 2024, paving the way for job creation and economic development in the Khordha district.
Paddy Seeds Processing Project in Bargarh, Odisha
Executive Summary: A new paddy seed processing project is set to commence in Salepali, Po.Paikmal, Bargarh, Odisha, with an annual capacity of 6,000 tonnes. Approved by the State Pollution Control Board as of November 2024, this facility will enhance seed quality and availability, supporting local agricultural productivity and providing valuable resources for farmers in the region.
New Installation of Iron Ore Crushing and Screening Unit in Jajpur, Odisha
Executive Summary: A new iron ore crushing and screening unit is planned for the Kalinganagar Industrial Complex in Duburi, Sukinda, Jajpur, Odisha, with a processing capacity of 1,000 TPD (250 TPH) and an estimated cost of Rs. 45 million. Consent from state pollution control authorities was obtained in December 2023, and the project will also include a 2*1250 KVA diesel generator set for operational support.
Rs.416 Million New Greenfield Cement Plant in Odisha
Executive Summary: A new greenfield cement plant is planned in Odisha with an annual capacity of 4 million tonnes, backed by a Rs. 416 million investment. The project has received state approval as of October 2024 and aims to support rising cement demand. Operations are scheduled to begin by the 2028 financial year, emphasizing sustainable, large-scale production.
Rs.420 Million New Billets and Rolling Products Mfg. Project in Sundargarh, Odisha
Executive Summary: A new manufacturing project is planned in San-Brahmanitarang, Tehsil Lathikata, Sundargarh, Odisha, focusing on billets and rolling products. It will feature three induction furnaces for producing 104,000 tonnes of billets, along with a rolling mill and tube mill with a combined capacity of 198,425 tonnes. The project, costing Rs. 420 million, is set to begin in April 2025.
Rs.90000 Million New PV Module Plant in Odisha
Executive Summary: A company is establishing a new manufacturing facility in Odisha for ingots, wafers, solar cells, and modules, aiming for a capacity of 6 GW. The project, set to begin in January 2024, will be financed through an Initial Public Offering (IPO) and secured funding of Rs. 50,000 million from an SBI-led consortium, with an overall investment of Rs. 90,000 million.
New Chrome Ore Beneficiation Plant in Dhenkanal, Odisha
Executive Summary: A chrome ore beneficiation plant is set to be established in Kurunti, Odapada, Dhenkanal, Odisha, covering approximately 2.66 acres. With a planned throughput capacity of 19,000 tons per annum and an estimated budget of Rs. 50 million, construction is scheduled to start in February 2024 and be completed by December 2024, pending environmental clearance.