"The two-storey building had been declared unsafe by engineers and is now unutilised. We want to make it seven storeys tall," said the cluster university's vice-chancellor, Manmath Padhy.
"The 13 crore amount will be devoted to the construction of a proposed building," said university registrar Radhanath Rath.
The building belongs to one of the premier educational institutions in the state and has had a significant contribution in the spread of higher education in south Odisha in its 160-year-old history.
Padhy, who is a historian, said the college had begun as a zilla school in 1856 and attained the status of an intermediate college called Union College.
When Harihar Mardaraj, the king of the erstwhile Khallikote estate, donated a sizeable amount of money towards the functioning of the institution, it was renamed Khallikote College on August 16, 1893.
In 1910, Madan Mohan Singh Deo, the king of the Dharakote estate had donated Rs 10,000 for construction and equipment for the science laboratory.
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