Industrial Development Corporation of Orissa (IDCOL) intends to promote, industrial units for optimum utilisation of mineral resources available in the state and manage the same with optimum efficiency and productivity. The corporation also provides single window service to the entrepreneurs like government approval, NOC of Pollution Control Board,mining lease tax incentives available for new units, infrastructure development etc.
The entity was incorporated on March 29, 1962 as a wholly owned state government company to overcome the entrepreneurial deficiency in the state and mobilise resources for industrialisation.
Meanwhile, it is learnt that IDCOL Kalinga Iron Works, Keonjhar is in the process of engaging a contractor who can supply iron ore of a certain grade. IDCOL Kalinga Iron Works is a wholly owned subsidiary company of IDCOL.
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