Odisha Clears ₹44,793 Crore Investments in Key Sectors Ahead of Utkarsh Odisha 2025

Bhubaneswar: In a major boost to Odisha’s industrial landscape, the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Charan Majhi, has approved investment proposals worth ₹44,793.03 crore in five critical sectors. The projects, announced ahead of the state’s flagship event Utkarsh Odisha 2025, are expected to create over 23,000 jobs and drive significant economic growth.

During the 38th HLCA meeting, projects spanning refinery and petrochemicals, green energy equipment, biotechnology, steel, and chemicals received the nod. The investments underscore Odisha’s emergence as a leading industrial hub, leveraging its strategic location, policy incentives, and skilled workforce.

Among the approved projects, Indian Strategic Petroleum Reserves Ltd will establish a ₹8,743-crore crude oil storage facility in Jajpur, creating 5,130 jobs. This 4 MMT facility will strengthen India’s energy security while boosting regional infrastructure.

In the green energy sector, Inox Solar Ltd plans a ₹4,000-crore solar module and photovoltaic cell manufacturing unit in Dhenkanal, with a capacity of 4.8 GW each. The project is set to create 3,400 jobs and contribute to India’s renewable energy goals.

In biotechnology, ACME Cleantech Solutions Pvt Ltd will invest ₹4,050.03 crore in Cuttack to set up a sustainable protein manufacturing facility based on mushroom root fermentation. This innovative project aims to generate 3,475 jobs while promoting eco-friendly food solutions.

Tata Steel Ltd, a key player in Odisha’s industrial landscape, will invest ₹26,175 crore in Jajpur to expand its cold rolled and coated steel products facility (2.2 MTPA) and establish a plate mill (2 MTPA). This ambitious expansion is expected to create 8,000 jobs and reinforce Odisha’s position in the steel industry.

Additionally, Himadri Green Technologies Innovation will invest ₹1,825 crore in Cuttack to establish a facility for mineral oil and tire recycling products, generating 3,000 jobs and contributing to sustainable industrial practices.

Speaking on the approvals, Chief Minister Majhi said, “The clearance of these transformative projects ahead of Utkarsh Odisha 2025 underscores our state’s growing industrial strength. These investments will create thousands of jobs and directly benefit the people of Odisha. Our focus remains on ensuring that Odisha continues to be a top investment destination, driving progress and prosperity for our people.”