Odisha approves Rs 34,197 cr investment proposals including Rs

Odisha government Tuesday approved investment proposals worth Rs 34,197 crore including Rs 28,700 crore investment by Haldia Petrochemicals (HPL), officials said.

The investment proposals were approved at the High Level Clearance Authority (HLCA) headed by Naveen Patnaik.

The investment proposals which got the state government's nod include Haldia Petrochemicals (Rs 28,700 crore), Indian Oil Corporation Limited (Rs 1,970.52 crore), Rungta Rungta Mines Limited's two proposals (Rs 1,677.98 crore and Rs 1,848 crore).

Haldia Petrochemicals Ltd during the Make in Odisha Conclave- 2018 had proposed to set up an integrated refinery with aromatics complex for production of Paraxylene and Purified Terepthalic Acid (PTA) at a total investment of Rs 28,700 crore near Subarnarekha Port in Balasore district.

The production capacity for Paraxylene will be 1.6 million metric tonne per annum and for PTA will be 2.5 MMTPA