Rs 250 billion solar equipment factory approved by HLCA in Odisha
POWER & RENEWABLE ENERGY

Rs 250 billion solar equipment factory approved by HLCA in Odisha

The high level clearance authority (HLCA) of the state government gave its approval to five major industrial projects, a week before Chief Minister Naveen Patnaik travels to Japan to seek out investments for Odisha. It is recommended that the IT and electronics system design and manufacturing (ESDM) sectors, steel, chemicals, textile, and green energy equipment industries be established in the districts of Dhenkanal, Jagatsinghpur, Keonjhar, and Bhadrak. Around 38,000 job possibilities would be created for the people of the state by the large projects approved by the HLCA and led by the CM.

According to sources, the committee approved two projects in the steel industry and one each in the fields of green energy and machinery, IT and ESDM, chemicals, and technological textiles. The HLCA has accepted WAREE Energies Limited's proposal to build an integrated solar equipment manufacturing complex at Neulopoi in the Dhenkanal district, which will cost Rs 250 billion. The company will produce a polysilicon of 50,000 MT and 10,000 MW of ingot, wafer, solar cell, and solar module units, respectively.

This project, which has been called the largest manufacturing facility in eastern India, would create an environment for additional investment in the industry. Over 14,000 people are anticipated to receive employment chances as a result. The proposal by Super Smelters Limited to build a 1.8 MTPA integrated steel factory in the Keonjhar district with a Rs 54.36 billion investment and the potential to employ 19,000 people was also approved by the committee.

The HLCA approved another steel project by Kashvi Power and Steel Private Limited. With an expenditure of Rs 16 billion, the business would construct an integrated steel mill in the Keonjhar district. More than 3,500 workers will be employed by this 0.55 MTPA capacity factory.

The high level clearance authority (HLCA) of the state government gave its approval to five major industrial projects, a week before Chief Minister Naveen Patnaik travels to Japan to seek out investments for Odisha. It is recommended that the IT and electronics system design and manufacturing (ESDM) sectors, steel, chemicals, textile, and green energy equipment industries be established in the districts of Dhenkanal, Jagatsinghpur, Keonjhar, and Bhadrak. Around 38,000 job possibilities would be created for the people of the state by the large projects approved by the HLCA and led by the CM. According to sources, the committee approved two projects in the steel industry and one each in the fields of green energy and machinery, IT and ESDM, chemicals, and technological textiles. The HLCA has accepted WAREE Energies Limited's proposal to build an integrated solar equipment manufacturing complex at Neulopoi in the Dhenkanal district, which will cost Rs 250 billion. The company will produce a polysilicon of 50,000 MT and 10,000 MW of ingot, wafer, solar cell, and solar module units, respectively. This project, which has been called the largest manufacturing facility in eastern India, would create an environment for additional investment in the industry. Over 14,000 people are anticipated to receive employment chances as a result. The proposal by Super Smelters Limited to build a 1.8 MTPA integrated steel factory in the Keonjhar district with a Rs 54.36 billion investment and the potential to employ 19,000 people was also approved by the committee. The HLCA approved another steel project by Kashvi Power and Steel Private Limited. With an expenditure of Rs 16 billion, the business would construct an integrated steel mill in the Keonjhar district. More than 3,500 workers will be employed by this 0.55 MTPA capacity factory.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000