Odisha approves Rs.41,900 cr investment proposals

The High Level Clearance Authority (HLCA) has approved seven projects with investments totalling Rs 41,900 cr. Among the projects cleared was an FDI proposal by Japan based J Green Power Ltd to set up 423 MW gas-based power plant at a cost of Rs 3,106 crore. Approval was also given to Mahanadi Coalfields Ltd, a subsidiary of Coal India Ltd, to foray into power generation. HCLA approved the change in site for Tata Power´s 1,320 MW coal based plant from Naraj-Marthapur to Begunia. Kolkata -based CESC Ltd´s plan for 1320 MW coal-fired plant based on super critical technology also got the go-ahead. Among expansion projects, HLCA cleared pro-¡posals by Aditya Birla Group-owned Utkal Alumina Ltd and Bhushan Power & Steel Ltd. Ardent Steel was also approved for raising pellet making capacity at its Phuljhar unit in Keonjhar district.