Bhubaneswar:The 20th High Level Clearance Authority (HLCA) meeting chaired by Odisha Chief Minister Naveen Patnaik at Kharavela Bhavan here today approved five investment proposals envisaging investment of Rs 2.04 lakh crore, which will create 27,645 employment opportunities in the state.
Haldia Petrochemicals Ltd (HPL)’s Hydrocarbon processing complex comprising of light crude oil refinery, Aromatics complex and Ethylene cracker complex near the proposed Subarnarekha port in Balasore. All the projects will come up at an estimated cost of Rs 78,255 crore and would provide jobs to 10,000 people.
The meeting cleared a Proposal by the M/s Indian Oil Corporation Limited to expand its existing Refinery unit from 15 MMTPA to 25 MMTPA and setting up of a Petrochemical complex comprising a Dual Feed Cracker, Naphtha cracker and Petcoke Gasification Plant at Paradip in Jagatsinghpur district, with a total investment of Rs 1,00,300 crores, employing around 12,595 people. The project will ensure the availability of building block feedstock to ancillary and downstream units in the Chemical and Petrochemical sector.
Besides another proposal by IOCL is to set up 1.2 MMTPA capacity of PX-PTA (Purified Terephthalic Acid complex) with an investment of Rs 9,136 crore in its existing Paradip refinery, employing around 3,200 people, has also been approved in the meeting.
These would not only make the State a Petrochemical hub, propelling growth of downstream petrochemical units in state, but also make Odisha the Energy Gateway of the East.
This apart, the meeting also cleared another proposal of Jindal (India) Limited in the metal downstream sector including the proposal of setting up of a cold rolling complex of 0.50 MTPA and steep processing plant at Kalinga Nagar Industrial Complex in Jajpur with a total investment of Rs 1,676 crore. The project promises to provide employment to about 1,300 people.
Another proposal of M/s Talcher Fertilizer Limited to set up a coal based urea fertilizer complex at Talcher with an investment of Rs 14, 732 crore was also approved by the HLCA today
Industry Secretary Sanjeev Chopra and IDCO CMD Sanjay Singh were also present at HLCA meeting chaired by CM Naveen Pattnaik
