India’s Odisha state recently approved nine industrial projects worth Rs. 1,01,804 cr that are expected to create jobs for over 28,000. The projects will be set up in Jagatsinghpur, Jajpur, Jharsuguda, Khurda, Paradeep, Bhadrak, Ganjam and Koraput Districts.
Among the projects cleared is Rs. 4,377-cr polyester products manufacturing unit of the Indian Oil Corporation Ltd. (IOCL) in the textile park at Bhandaripokhari in Bhadrak district.
Petronet LNG Ltd will set up an LNG terminal with a capacity of 40 lakh MT at Gopalpur in Ganjam district. It has committed to invest Rs. 2,306 cr in the project, the state government said in a statement.
The state’s high-level clearance authority headed by Chief Minister Naveen Patnaik approved the projects.
L&T Energy Green Tech Ltd’s investment proposal worth Rs. 1,030 cr to set up a green ammonia plant in Paradeep in Jagatsinghpur District was also approved.