The Odisha government’s State Level Task Force on Steel recommended approval for investment proposals worth over Rs 10,000 crore in the steel sector.
In a recent meeting, the task force decided that the investment would be approved by the Single Window Clearance Committee (SWLC) headed by Chief secretary.
The projects recommended by the force include the proposed Rs 379.68 crore investment of Essel Mining and Industries to set up a 1.20 mn tpa pellet plant in Koira tehsil under Bonia sub-division in Sundergarh.
It may be noted that Essel Mining does not have any captive use of minerals in the state despite its having iron ore mines in Joda and Koira mining circles in Keonjhar and Sundergarh districts, respectively.
Essel plans to set up the mine for value addition as it would help it cope with the state government’s new guideline which clearly state that the mines leases should be extended for such companies which have captive use.
The task force also cleared a Rs 7,213.17 crore investment by Kalinga Steeltech (P) to set up a 1.2 mn tpa integrated steel plant at Kudabaga.
Besides the above, the task force recommended the investment proposal of TS Alloys, Rungta Sons (P), Sushant Minerals (P), Freegrade Co (P), Altrade Iron and Power and Jindal Steel and Power’s 5 mn tpa iron ore pellet plant in Keonjhar district at an investment of Rs 985.29 crore.
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