PSU Watch logo

| HPCL partners with ICICI Bank for fuel payments |   | ONGC’s second well in KG-DWN-98/2 block has started production: CMD |   | India, Australia hold first Joint Working Group meet on coal, mines |   | NBCC secures biggest-ever overseas project in Maldives |   | THDC's Tehri Dam achieves full potential of 830m capacity |  

Odisha govt approves ethanol plants, RE projects & other projects worth Rs 2,084 cr

At a meeting, State Level Single Window Clearance Authority of the government of Odisha has approved seven industrial projects, including three grain-based ethanol plants, worth Rs 2,083.88 crore
Odisha Govt approves projects of Indian Oil, HPCL and 5 others worth Rs 2,083.88 crore
Odisha Govt approves projects of Indian Oil, HPCL and 5 others worth Rs 2,083.88 crore

New Delhi: (Odisha state news) The state government of Odisha has approved seven industrial projects, including three grain-based ethanol plants of Indian Oil, HPCL and Newalt Energy Private Limited and a renewable energy project. The cumulative value of these seven projects is Rs 2,083.88 crore, said an official statement. Approval for these projects was granted at a meeting of the State Level Single Window Clearance Authority (SLSWCA), headed by Chief Secretary Suresh Chandra Mahapatra (IAS), on July 30. The projects are expected to create employment opportunities for 2,144 persons in the state.

The details of the seven projects for which an in-principle approval was accorded by SLSWCA are:

A 500 KLPD grain-based Ethanol Plant and 8 MW Co-gen Power Plant by Indian Oil against an investment of Rs 870 crore to be set up in Balgopalpur Industrial Estate, Balasore, which will generate potential employment opportunities for over 194 persons.

A 500 KLPD grain-based Ethanol Plant (in two phases) by HPCL against an investment of Rs 500 crore to be set up in Umerkote, District - Nabarangpur, which will generate potential employment opportunities for over 240 persons.

A 100 KLPD grain-based ethanol plant along with Compressed Biogas (CBG) plant of 12 TPD capacity and 2.20 MW co-gen power plant by Newalt Energy Private Limited against an investment of Rs 125 crore to be set up at Nuakheta, Bantala, Angul district, which will generate potential employment opportunities for over 650 persons.

A multi-modal Logistics Park by International Cargo Terminals and Infrastructure Private Limited against an investment of Rs 150 crore to be set up at Kujang, Jagatsinghpur district, which will generate potential employment opportunities for over 100 persons.

An 18.75 MW solar power plant by Aditya Birla Renewables Limited against an investment of Rs 89.44 crore to be set up at Saintala, Balangir district, which will generate potential employment opportunities for over 28 persons.

A 5-star hotel by Atmosphere core India Private Limited against an investment of Rs 184.64 crore to be set up at Bhubaneswar, Khurdha, which will generate potential employment opportunities for over 469 persons.

ALSO READ

A 5-star hotel by DN Homes Private Limited against an investment of Rs 164.80 crore to be set up at Chandaka Industrial Estate, Khurdha, which will generate potential employment opportunities for over 463 persons.

'Ethanol plants will help reduce carbon footprint'

"The government of India has fixed a target of 10 percent blending of fuel-grade ethanol with petrol by 2022 and 20 percent blending by 2025. The three approved units will surge to the existing capacity and help reduce the carbon footprint. Odisha is an industry upcoming state. The number of companies investing and commencing operations in the state have been phenomenal last couple of years and such diversification of industries will further enhance industrial growth," said the statement.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)