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30 AUGUST 2022 AL CIRCLE

Government of Odisha approves INR 285 cr special investments for the aluminium sector

EDITED BY : MAYURAKSHI GANGULY 2MINS READ

On August 29, an INR 2005.89 crore investment accord was inked by the Government of Odisha to set up ten industrial projects employing more than 3,545 people in the Indian state. The principal approvals were made for the metal industry following its downstream activities, along with citing proposals for the pharmaceutical, chemical, infrastructure, and tourism sectors.

Government of Odisha approves INR 285 cr special investments for the aluminium sector , Alcircle News

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The State Level Single Window Clearance Authority (SLSWCA) committee, chaired by Chief Secretary S C Mohapatra, signed off on these investments to build a commercial ground in the state.

During the electrolysis phase, carbon electrodes are used in the Hall–Héroult production process, and at present, it is the only procedure followed by aluminium smelting industries. The SLSWCA committee allotted an investment of INR 205.44 crore for the proposals of Sanvira Industries Ltd., which desires to run a Carbon Electrode Paste manufacturing plant (Capacity 100,000 MT) in Danagadi of Jajpur district.

The committee also accepted the proposal of Runaya Aluminium Pvt Ltd. (RAPL) for constructing a 5,000 tonnes aluminium powder and pigments plant in Jharsuguda district with a capital investment of INR 80 crore, opening job opportunities for 125 eligible candidates.

With the Adani group entering Odisha, the unrest in the aluminium sector has already increased. The Odisha government wishes to contribute to the state’s industrial growth by setting up such positive examples.

An additional ferroalloy plant would be set up with an investment of INR 261.1 crore in the Jajpur district, Badchana, by United Ferrocast Private Limited. Baleno Enterprises Private Limited will open a 5 MTPA Iron Ore Beneficiation plant and a 3 MTPA Pellet plant in Jhumpura, Keonjhar district, with an approved investment of INR 775 crore.

Future of Aluminium in Transportation Sector

Odisha is becoming a self-dependent economy in the upcoming days, and it would benefit the neighbouring states and the country as a whole. 


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EDITED BY : MAYURAKSHI GANGULY 2MINS READ

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