The Odisha state government recently approved five projects with a cumulative investment proposal of ₹2,04,069 crore at a meeting of the 20th High-Level Clearance Authority (HLCA). The projects include a hydrocarbon processing complex in Subarnarekha by Haldia Petrochemicals Limited (HPL) and a petrochemical complex in Paradip by the Indian Oil Corporation Ltd (IOCL).
The meeting was presided over by chief minister Naveen Patnaik. The proposals will create employment opportunities for 27,645, according to media reports from the state.The Odisha state government recently approved five projects with a cumulative investment proposal of ₹2,04,069 crore at a meeting of the 20th High-Level Clearance Authority (HLCA). The projects include a hydrocarbon processing complex in Subarnarekha by Haldia Petrochemicals Limited and a petrochemical complex in Paradip by the Indian Oil Corporation Ltd.#
HPL will set up the complex comprising a light crude oil refinery, an aromatics complex and an ethylene cracker complex near the proposed Subarnarekha port in Balasore district with an investment of ₹78,225 crore. It will create around 10,000 jobs.
IOCL will expand its existing refinery unit from 15 mmtpa to 25 mmtpa and set up a petrochemical complex comprising a dual feed cracker, naptha cracker and petcoke gasification plant at Paradip with a total investment of ₹1,00,300 crore. The project will create around 12,600 jobs.
Another proposal by IOCL to set up a 1.2 mmtpa capacity PX-PTA (purified terephthalic acid complex) with an investment of ₹9136 crore in its existing Paradip refinery, employing around 3200, was also approved at the meeting.
In the metal downstream sector, the HLCA approved the proposal of Jindal (India) Limited to set up a cold rolling complex of 0.5 mmtpa and steel processing plant at Kalinga Nagar Industrial Complex in Jajpur district with a total investment of ₹1,676 crore.
A proposal by Talcher Fertiliser Limited to set up a coal-based urea fertiliser complex of 1.99 mmtpa capacity at Talcher with an investment of ₹14,732 crore was approved as well. (DS)
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