Odisha govt. clears investment proposals for 10 projects worth ₹44,241 crore
The Hindu
Odisha government approves ₹44,241 crore investment for 10 projects, creating 8,765 jobs and boosting technology-driven sectors.
The Odisha government has approved industrial investment proposals worth ₹44,241.97 crore, paving the way for 10 major projects across eight districts and the creation of about 8,765 employment opportunities.
The proposals were approved at the High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi on Wednesday (February 25, 2026).
Bharat Forge Limited will invest ₹3,000 crore in Dhenkanal to establish an automotive, aerospace, and defence components manufacturing unit, generating 1,000 employment opportunities with an aim of positioning Odisha as a high-precision engineering destination.
The semiconductor sector received a major boost with ASP Semicon Private Limited proposing a ₹4,620 crore semiconductor memory chip module plant in Khordha, expected to generate 2,500 jobs. In the rare earth segment, Magnova Private Limited will invest ₹1,050 crore in a high-performance magnet manufacturing facility, strengthening the State’s electronics ecosystem.
Major projects those were discussed in HLCA included Adani Hydro Energy Twelve Limited which will invest ₹9,731.47 crore in Nayagarh.
Sangamam CD Hydro Consortium will invest ₹9,000 crore in Koraput. Greenko OR01 IREP Private Limited has proposed ₹7,506.94 crore in Kalahandi, while Jindal Green PSP Two Private Limited will invest ₹3,711.56 crore in Deogarh for pumped Storage Hydro Power Plant. These pumped storage projects collectively strengthen Odisha’s long-term energy security, grid stability, and renewable integration capacity
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