Govt clears projects worth Rs 2 lakh crore

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Govt clears projects worth Rs 2 lakh crore

Tuesday, 20 August 2019 | PNS | BHUBANESWAR

The High Level Clearance Authority (HLCA) headed by Chief Minister Naveen Patnaik on Monday cleared five mega investment proposals worth Rs 2,04,069 crore. The projects together would create job opportunities for over 28,000 people.

The Haldia Petrochemicals Ltd (HPL)’s proposal of hydrocarbon processing complex comprising light crude oil refinery, aromatics complex and ethylene cracker complex near the proposed Subarnarekha Port in Baleswar was approved.

All the projects will come up at an estimated cost of Rs 78,255 crore and would provide jobs to 10,000 people. The Jindal Limited’s proposed Cold Rolling Complex of 0.50 MTPA and Steel Processing Plant at Kalinga Nagar Industrial Complex in Jajpur district was approved.

The complex would come up at total cost of Rs 1,676 crore and generate employments for 1,300 people.

The Indian Oil Corporation Limited’s proposals of expansion of existing refinery unit and establishment of a petrochemical complex at Paradip were also approved.

The IOCL would invest Rs 1,00,300 crore for the projects which would create employments for 12,595 persons.

A proposal of the Talcher Fertilizer Limited for establishment of coal-based urea fertilizer complex of 1.99 MMTPA capacity at Talcher was approved. While the project will come up at an investment of Rs 14,732 crore, it will give employments to 550 persons.

The IOCL’s manufacturing unit for production of Purified Terephthalic Acid (PTA) of 1.2 MMTPA capacity in its existing refinery at Paradip was also approved. The PSU would invest Rs 9,136 crore and create employment for 3,200 people.

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