Bhubaneswar: The Odisha Government today approved three expansion projects entailing total investment of Rs 17,833 crore in the State.
Chief Minister Naveen Patnaik approved expansion projects of HINDALCO, NTPC and Rungta Mines at the 21st High Level Clearance Authority (HLCA) meeting held at Kharvel Bhawan here.
The projects are expected to generate 6539 jobs in the State.
“Around Rs 8,000 crore will be invested for HINDALCO’s expansion projects that will generate 4250 jobs. Besides, Rs 7698 crore will be invested in NTPC and Rs 2,135 in Runga,’ informed Minister for Energy, Industries and MSME Capt Dibya Shankar Mishra.
The State Government has welcomed the Centre’s decision to divest equity share of Neelachal Ispat Nigam Ltd (NINL), the Minister said while adding that disinvestment in NINL will help increase production of the company and create more jobs.
“Stakeholder that will expand the company and make it a profit-making venture as well as benefit its employees will be welcomed for its acquisition,” he added.