Latest Project Updates
Rs.23440 Million New Railway Line Project in Odisha
Executive Summary: The New Railway Line Project in Malkangiri, Koraput, Odisha, involves constructing a 130-kilometer railway line from Jeypore to Malkanagiri. Estimated at Rs. 23,440 million, construction is set to begin in December 2023 and conclude by March 2026. As of September 2024, the project is in the Notice to Proceed phase and is being developed through the EPC route.
Rs.705 Million New 4-star Hotel in Khordha, Odisha
Executive Summary: A new 4-star hotel is being developed in Bhubaneswar, Khordha, Odisha, with an estimated cost of Rs. 633 million. The project, approved in December 2021, will feature 80 double-bedded rooms, a restaurant, a banquet hall, and a bar. Construction began in January 2023 and is expected to be completed by October 2025, with various specialists appointed for execution.
New Green Hydrogen Production Project in Angul, Odisha
Executive Summary: A new green hydrogen production project is planned for Angul, Odisha, integrating hydrogen into Direct Reduced Iron (DRI) units. The first phase aims to achieve a generation capacity of 4,500 tons per annum by December 2025 and will also supply 36,000 tons of oxygen annually. A memorandum of understanding was signed in September 2024 to support this initiative.
New Chemical Mfg. Project in Cuttack, Odisha
Executive Summary: A new facility is set to be established at Choudwar Industrial Estate, Cuttack, Odisha, for producing Velvex AdBlue, a high-quality urea solution for emission control. With a production capacity of 1,690 kiloliters per month, the project aims to meet rising demand for emission control solutions. As of September 2024, it has received state pollution control authorities' consent.
New Spices Mfg. Project in Khordha, Odisha
Executive Summary: A new state-of-the-art spice production facility is set to be established at IDCO Plot No. 66, Bhanganapur IE Patrapada, Khordha, Odisha. With a projected capacity of 43 metric tons per month, the project has received consent from state pollution control authorities as of September 2024. This investment aims to significantly enhance production capabilities in the spice sector.
Rs.2120 Million Beneficiation Plant Expansion Project in Keonjhar, Odisha
Executive Summary: An expansion project in Keonjhar, Odisha, will enhance an iron ore beneficiation plant to 2.4 MTPA and include new facilities such as a 1.2 MTPA pellet plant, a 0.396 MTPA DRI unit, and a 48 MW captive power plant. Estimated at Rs. 7,200 million, construction is set to start in April 2025 and end by March 2028, with environmental clearance under review.
Rs.5300 Million Sponge Iron Expansion Project in Sundargarh, Orissa
Executive Summary: A prominent industrial player is developing a sponge iron facility in Orissa with a capacity of 180,000 MT and a 24 MW WHRB power plant. Additionally, they are expanding their steel plant's production from 0.1 MTPA to 0.26 MTPA, requiring Rs. 2,700 million. By July 2024, they will add downstream facilities, investing Rs. 5,300 million.
Rs.472 Million Ethanol Plant Expansion Project in Sonepur, Odisha
Executive Summary: A grain-based distillery project in Panimura, Odisha, involves setting up a 360 KLPD ethanol plant, a 120 KLPD ENA facility, and a 10 MW co-generation plant. As of September 2024, the project is expanding to 540 KLD ethanol capacity and converting to a 100% coal-based power plant with an investment of Rs. 472 million. Construction starts in January 2025.
Rs.7230 Million New Solar Cells & Solar Modules Mfg. Facility in Khordha, Odisha
Executive Summary: A new facility for manufacturing solar cells and modules is planned in Harapur, Jatani, Khordha, Odisha, aiming to produce 1,300 MW of each annually. With an estimated investment of Rs. 7,230 million, construction will start in October 2024 and conclude by January 2026. The project is currently under review for environmental clearances to meet regulatory standards.
Rs.732 Million New Resort Mfg. Unit in Puri, Odisha
Executive Summary: A major new tourism facility is being developed with an investment of Rs. 732 million, aimed at boosting local and regional tourism. The project received approval from the State High-Level Clearance Committee in July 2024, and construction began in August 2024. This venture reflects a strategic move to diversify into the growing tourism sector and enhance leisure and hospitality offerings.