Odisha approves Hindalco’s Rs 5,000 cr investment proposal

the state government of Odisha has cleared a big ticket project proposal of Hindalco Industries Ltd worth Rs 5,000 crore.

According to an official statement, the State Level Single Window Clearance Authority (SLSWCA) in its meeting on Thursday recommended a proposal of Hindalco Industries Limited to set up an aluminum flat rolled product unit of 0.375 MTPA at Sambalpur.

This proposal is to set up the unit in the premises of existing aluminium smelter plant of Hindalco at Lapanga in Sambalpur district. The land requirement will be 300 acres for the downstream unit.

The project has been re- recommended to High Level Clearance Authority headed by CM Naveen Patnaik. Four other investment proposals have also been cleared by the authority. Employment potential of Hindalco project is 550 people.

Image Credit : i.forbesimg.com

Research Desk

Next Post

Brownfield projects in Vizag, Hyderabad to get over in 2019: Divi’s

Tue Oct 30 , 2018
Divi’s Laboratories has said the brownfield projects under way at its facilities in Visakhapatnam and near Hyderabad are likely to be completed in 2019. According to the pharma firm, work has commenced and the projects are expected to be completed by end of the year 2019 barring unforeseen circumstances. It […]
Divi’s

Categories

Blog Stats