The Odisha government has approved a fresh set of large-scale industrial investments aimed at expanding manufacturing and infrastructure across the state, as per a PTI news report.
Cleared by the High-Level Clearance Authority chaired by Odisha Chief Minister Mohan Charan Majhi, the proposals cover multiple sectors and are expected to create significant employment opportunities.
The approved projects represent a combined investment of ₹76,612 crore and are projected to generate more than 5 lakh jobs.
According to Odisha Chief Minister Mohan Charan Majhi, “With progressive policies, robust infrastructure, and a strong commitment to ease of doing business, Odisha continues to attract investments across both emerging and core sectors.”
The proposals span gemstone manufacturing, green energy equipment, aerospace and defence, rare earth mineral-based products, pharmaceuticals, chemicals, steel, iron and ferro-alloys, and renewable energy.
Among the notable proposals, Kira Diam LLP, Anjali Labtech Limited and Grow Magnificent Private Limited will invest a combined ₹9,817.50 crore in lab-grown diamond manufacturing units in Khordha, creating around 8,100 jobs.
Tata Power Renewable Energy Limited will establish an ingot, wafer and solar photovoltaic cell manufacturing facility in Ganjam with an investment of ₹10,000 crore, while Saatvik Solar Industries Private Limited will invest ₹1,709.81 crore in another solar photovoltaic cell unit in the district.
The steel sector attracted some of the largest commitments, led by Rashmi Metallurgical Industry Private Limited's ₹15,000 crore integrated steel plant in Jajpur and Shyam Metalics and Energy Limited's ₹7,580 crore integrated steel project in Sambalpur.
The clearance list also includes investments by Larsen & Toubro Limited, N.A.N. Magnetech Private Limited, World Titanium Industry Private Limited, Nectar Lifesciences Limited, Jupiter Wagons Limited, Rajapuspa Renova LLP and KU Urja Private Limited, covering sectors such as advanced magnets, pharmaceuticals, railway coaches, hydropower and thermal power generation.
The approved investment package of ₹76,612 crore expands Odisha's industrial pipeline across multiple sectors, with projects ranging from renewable energy and advanced manufacturing to steel and pharmaceuticals while targeting employment generation of more than 5 lakh people.
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Published on: Jun 18, 2026, 2:57 PM IST
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