Bhubaneswar: The 45th meeting of the High-Level Clearance Authority (HLCA), chaired by Odisha Chief Minister Mohan Charan Majhi, on Wednesday approved 20 major investment proposals worth ₹76,611.86 crore.

These projects are expected to generate 50,517 employment opportunities across nine districts of the state.
The approved investments span multiple sectors, including gemstone manufacturing, green energy equipment, aerospace and defence, rare earth minerals-based value-added products, pharmaceuticals, capital goods, chemicals, steel, iron and ferro alloys, and power and renewable energy.

Highlighting the state’s progress, the Chief Minister said, “Through progressive policies, improved ease of doing business, strong infrastructure, and proactive investor facilitation, we have been able to attract investments across both traditional and emerging sectors. Today’s approvals reflect growing investor confidence in Odisha and our commitment to creating employment opportunities, promoting industrial growth, and ensuring balanced development.”

Gemstone Manufacturing

Kira Diam LLP, Anjali Labtech Limited, and Grow Magnificent Private Limited will set up lab-grown diamond manufacturing units in Khordha with a combined investment of ₹9,817.50 crore, generating 8,100 jobs. These projects are expected to strengthen Odisha’s position in the gemstone sector.

Green Energy Equipment

Tata Power Renewable Energy Limited will invest ₹10,000 crore to establish an ingot and wafer facility along with a solar PV cell manufacturing unit in Ganjam, creating 5,000 jobs. Saatvik Solar Industries Private Limited will further invest ₹1,709.81 crore in a solar PV cell manufacturing facility in the same district, generating 519 employment opportunities.

Rare Earth Minerals-Based Products

N.A.N. Magnetech Private Limited will invest ₹1,250 crore to set up a high-performance EV-grade NdFeB magnet manufacturing unit in Khordha/Cuttack, creating 2,000 jobs. Larsen & Toubro Limited will invest ₹2,400 crore in a sintered NdFeB permanent magnet facility in Ganjam, also generating 2,000 jobs. World Titanium Industry Private Limited will establish a titanium dioxide slag and pigment manufacturing unit in Ganjam with an investment of ₹2,800 crore, creating 1,500 employment opportunities.

Manufacturing and Pharmaceuticals

Ratnamani Metals and Tubes Limited will set up an integrated specialty steel manufacturing unit in Jajpur with an investment of ₹1,642 crore, generating 800 jobs. Nectar Lifesciences Limited will invest ₹1,170 crore in a pharmaceutical manufacturing unit in Sambalpur, creating 1,000 jobs. Jupiter Wagons Limited will establish a railway coach manufacturing facility in Jajpur with an investment of ₹1,500 crore, generating 1,000 employment opportunities.

Steel, Iron and Ferro Alloys

Rashmi Metallurgical Industry Private Limited will invest ₹15,000 crore to set up a 4 MTPA integrated steel plant in Jajpur, generating 11,000 jobs. Shyam Metalics and Energy Limited will invest ₹7,580 crore in a 1 MTPA integrated steel unit in Sambalpur, creating 3,500 jobs.

SMC Power Generation Limited (Badmal) will invest ₹5,350 crore to expand its integrated steel and cement plant in Jharsuguda, generating 2,000 jobs, while its Hirma unit will invest ₹3,800 crore in a similar expansion, creating another 2,000 jobs. BR Steel & Power Private Limited will set up a 1.2 MTPA integrated steel plant in Sambalpur with an investment of ₹2,400 crore, generating 5,020 jobs. Orissa Alloy Steel Private Limited will invest ₹1,200 crore in an iron ore beneficiation plant in Sundargarh, creating 1,100 jobs.

Power and Renewable Energy

Rajapuspa Renova LLP will establish a pumped storage hydro power plant in Malkangiri with an investment of ₹5,220 crore, generating 500 jobs. KU Urja Private Limited will invest ₹2,471.98 crore in a coal-based thermal power plant in Jharsuguda, creating 478 employment opportunities.

Chemicals and Downstream Industries

Singhal Steel and Power Private Limited will set up an aluminium downstream product manufacturing unit in Rayagada with an investment of ₹1,300.57 crore, generating 3,000 jobs.