Odisha Govt Approves INR 44973 Crore Investment Across 5 Sectors Including Solar Manufacturing
The Odisha government has approved five major investment proposals totalling INR 44,973 crore across sectors such as solar energy, biotechnology, steel, and chemicals. This includes an INR 4,000 crore proposal by Inox Solar to set up a solar module and cell manufacturing unit in Odisha.
January 08, 2025. By Mrinmoy Dey
“Odisha has taken a giant leap towards industrial growth and sustainability with the approval of 5 transformative projects worth INR 44,793 crore in the 38th High-Level Clearance Authority (HLCA) meeting,” shared Odisha’s CM Mohan Charan Majhi on X.
He further shared that these projects, spanning sectors like green energy equipment, biotechnology, steel, and chemicals, will create 23,005 jobs across the state, further strengthening Odisha's industrial base and driving economic prosperity.
In the green energy sector, Inox Solar Ltd. will invest INR 4,000 crore to set up a 4.8 GW solar module and 4.8 GW cell manufacturing facility in two phases in Dhenkanal, creating 3,400 jobs.
Indian Strategic Petroleum Reserves Ltd. will invest INR 8,743 crore in a crude oil storage facility in Jajpur, generating 5,130 jobs.
Other investments include an INR 4,050 crore Sustainable Protein Plant, by ACME Cleantech Solutions, in Cuttack offering 3,475 jobs, an INR 26,175 crore steel facility expansion, by Tata Steel, in Jajpur providing 8,000 jobs, and an INR 1,825 crore mineral oil and recycling plant, by Himadri Green Technologies Innovation, in Cuttack generating 3,000 jobs.
“These investments reaffirm Odisha’s position as a top investment destination, paving the way for a brighter, sustainable, and prosperous future for the state,” said Majhi.
please contact: contact@energetica-india.net.
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix
Muthu Subramanian
MD & General Manager
From Charging to Swapping: How Yuma Energy is Changing EV Refueling