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In the last six months, Odisha has seen a rush of investment proposals from the steel sector reminiscent of the boom during 2004-2006 as companies push the growth pedal.
Odisha has approved proposals adding up to 65.48 million tonne (mt) in the last six months and over a two-year timeframe it stands at 74.84 mt, according to Industrial Promotion and Investment Corporation of Odisha (IPICOL), the single point of contact for all industrial investments in the state.
The proposals are a mix of brownfield and greenfield projects. Among the major greenfield projects is ArcelorMittal Nippon Steel’s proposed 24 mt plant while brownfield
