Orissa clears Rs. 1.27 lakh crore proposals

Naveen PatnaikThe Orissa government has cleared projects worth Rs 1,27, 727 crore covering areas like Steel Complex, Power Projects, Aluminum Smelter, downstream and ancillary projects.

The high-level clearance authority (HLCA) headed by chief minister Naveen Patnaik gave green signal to 15 high-value projects in one go.

The list includes 3 projects in the steel sector, 2 projects in the aluminium sector, 6 projects in the power sector, one downstream unit, and two beneficiation and pelletisation units.

HLCA cleared National Aluminium Company Ltd's Rs 16,345.89-crore aluminium complex, Navyug Steel Ltd's Rs 34,000-crore project, Astaranga Power Company's Rs
11,200-crore project, RSB Metal Technology's Rs 6,800-crore alumina project, besides the projects of NTPC, Bhusan Power, JSW, Welspun, JSL, Kalinga Energy and Arati Steel.

Navayuga Steels Limited (NSL) Greenfield steel complex at Astaranga was cleared with an investment of Rs. 34000 crore to produce 12 million ton steel per annum
(MTPA).

Among others Visa Steel, RSB Metal-Tech, Kalinga Energy, Arati Steel, Bhusan Power & Steel, Lanco Solar and Chambal Infrastructure proposal for Greenfield projects were cleared.

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