Single-window authority clears 7 projects worth Rs 3491 cr

The State Level Single Window Clearance Authority (SLSWCA) on Friday cleared seven investment proposals worth Rs 3491 crore. The proposals include four in the steel sector worth Rs 2870 crore, one iron ore pellet plant, an iron ore beneficiation plant and a cement plant.

“The SLSWCA cleared four proposals in the steel sector involving a combined investment of Rs 2870 crore and having a potential to generate direct employment for 4500 people”, C J Venugopal, chairman and managing director of Industrial Promotion and Investment Corporation of Orissa Ltd (Ipicol) told media persons after the meeting of the SLSWCA chaired by the state Chief Secretary B K Patnaik. T Ramchandru, principal secretary (industries) was present on the occasion.Among the proposals approved in the steel sector was that of Shyam Steel Ltd which has proposed to set up a 0.6 million tonne per annum steel plant at Banai tehsil in Sundergarh district at a cost of Rs 925 crore. The plant has a potential to generate direct employment for 1800 people.

 

Similarly, Shree Bajrang Power & Ispat Ltd has proposed to set up at 0.12 mtpa steel plant at Deogarh at a cost of Rs 500 crore. The project will create direct employment for 1200 people.Rupa Ispat which intends to set up a 0.21 mtpa steel plant at an investment of Rs 645 crore at Harichandrapur in Keonjhar district also got the nod of the SLSWCA.

The other proposal in the steel sector that got the green signal of the Single Window was that of Tata Steel that has proposed to set up a 0.4 mtpa rebar mill and a 55000 tonne per annum high carbon ferrochrome plant at Gopalpur at a combined cost of Rs 800 crore.

The Single Window also gave its nod for the iron ore beneficiation plant proposed by Aryan Ispat & Trading Corporation Ltd at Koira in Sundergarh district, entailing an The Single Window also gave its nod for the iron ore beneficiation plant paroposed by Aryan Ispat & Trading Corporation Ltd at Koira in Sundergarh district, entailing an investment of Rs 423 crore.