Odisha set to become biggest Petrochemical hub of East, Naveen Patnaik approves 5 projects

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....
saurabhparmar
Digital Journalist (Specializing in Indian affairs & Contemporary Political development). A Writer by Profession. Administration Enthusiast by Passion. Altruist by Heart. That's enough about Me!

Odisha has set its journey on to becoming the biggest petrochemical hub of East India. Naveen Patnaik‘s government cleared mega investment proposals of M/s Haldia Petrochemicals Ltd (HPL) and Indian Oil Corporation Limited on Monday night.

In a High-Level Clearance Authority (HLCA) headed by the Chief Minister Naveen Patnaik, a total of 5 projects worth Rs 2,04,069 crore were approved. The investment is said to be the highest ever investment approved by the HLCA ever. It is expected that the projects have the potential to create employment avenues for 27,645 people.

Speaking on the matter, Principal Secretary of Industries, Sanjeev Chopra said that he is positive that the projects will help the state in transforming into a petrochemical hub. He also hoped that this will turn Odisha into the energy gateway of the East.

HLCA gave nod to two big players in the energy sector, Haldia Petrochemicals Ltd (HPL) and Indian Oil Corporation Limited.

Out of five projects, the first proposal of Haldia Petrochemicals Ltd (HPL) is to set up a Hydrocarbon processing complex. It will include a light crude oil refinery, Aromatics complex, and Ethylene Cracker Complex near the proposed Subarnarekha port. A total investment of Rs 78,225 crores will be spent with the aim to create job opportunities for 10,000 people.

The second proposal Indian Oil Corporation Limited is related to expanding its existing refinery unit from 15 MMTPA to 25 MMTPA. It also seeks to establish Naphtha cracker and Petcoke Gasification Plant at Paradip in Jagatsinghpur. A total investment of whopping Rs. 1,00,300 crore will be invested.

Other projects include Jindal (India) Limited’s project in the metal downstream sector and Talcher Fertilizer Ltd’s proposal to set up a Coal based Urea Fertilizer complex in Angul district.

ALSO READ:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

R&D centre for clean coal unveiled in Bengaluru

Bengaluru, Sep 16 (IANS) Union Minister of Science and Technology Harsh Vardhan on Monday opened the national centre for...

RBI expands BBPS coverage to all categories

Mumbai, Sep 16 (IANS) The Reserve Bank of India on Monday expanded the Bharat Bill Payment System coverage to included all categories of billers,...

Wanted criminal held in Narela murder case

New Delhi, Sep 16 (IANS) With the arrest of 25-year-old history-sheeter, the Delhi Police claimed to have solved the Virender Maan murder case, who...

GM, TCS launch partnership for global vehicle engineering

New Delhi, Sep 16 (IANS) Automobile manufacturer General Motors and IT major Tata Consultancy Services on Monday entered into a partnership for future global...

Italy resuming a central role in Europe: EU Commissioner

Rome, Sep 16 (IANS/AKI) With its new left-leaning government, Italy, a founder member of the European Union, and the eurozone's third largest economy, is...
- Advertisement -

More Articles Like This