subsidiary ACC

The Odisha government has sanctioned investment proposals worth over Rs 1,851 crore in metal and cement sectors. This is likely to generate employment opportunities for 1,624 people. The projects got approved at a State Level Single Window Clearance Authority meeting chaired by Chief Secretary A K Tripathy on 9 October 2020. SLSWCA gave in-principle approval to five planned projects. This includes a two million tpa pellet and grinding plant by Narbheram Power and Steel and expansion of a facility by Viraj Steel and Energy. The pellet and grinding unit will be set up at Joda in Keonjhar district at an estimated investment of Rs 350 crore, while the capacity of the integrated steel factory in Gurupali of Sambalpur district will be expanded from 0.1 million tpa to 0.3 million tpa at an investment of Rs 261 crore. BR Sponge and Power also got approval for the expansion of its plant in Tumkela, Sundergarh. In cement sector, Nu Vista got go-ahead for expanding capacity of its grinding unit from 1.5 million tpa to two million tpa in Kalinga Nagar in Jajpur district at an estimated investment of Rs 598.62 crore. SLSWCA also approved the proposal of OCL India to set up 2.5 million tpa cement grinding unit at Biswali in Cuttack at an investment of Rs 441.43 crore.

Ambuja Cements to infuse Rs 310 crore to expand Ropar unit

admin - August 2, 2021

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