The Odisha Government has reportedly approved 10 industrial projects with a combined investment of ₹44,200 crore. The clearances were granted at a meeting of the High-Level Clearance Authority chaired by Chief Minister Mohan Charan Majhi.
The projects will be located across Khurda, Koraput, Kalahandi, Malkangiri, Dhenkanal, Puri, Nayagarh and Deogarh. As per news reports, the proposals together are expected to generate 8,765 jobs.
Several of the approved investments relate to pumped storage hydropower. Adani Hydro Energy Twelve Ltd will invest ₹9,731 crore in Nayagarh.
Jindal Green PSP Two Private Limited has received clearance for a ₹3,711 crore project in Deogarh. Sangamam CD Hydro Consortium plans to invest ₹9,000 crore in Koraput, while Greenko Private Ltd has proposed a ₹7,506 crore project in Kalahandi.
These projects are intended to provide storage capacity to support the power grid.
ASP Semicon has been cleared to set up a ₹4,620 crore semiconductor memory chip plant in Khurda. The unit will add to domestic chip manufacturing capacity.
Magnova Private Ltd will establish a ₹1,050 crore high-performance magnet manufacturing facility, also in Khurda, focused on rare earth-based products.
Bharat Forge Ltd plans to invest ₹3,000 crore in Dhenkanal to manufacture aerospace and defence components.
In the cement sector, NCL Industries and Dalmia Cement (Bharat) Ltd have each secured approval to invest ₹2,000 crore in plants in Koraput and Malkangiri, respectively. Shreetech Data Ltd-CLS will set up a cable landing station in Puri with an investment of ₹1,622 crore.
The Chief Minister said the administration will track implementation to ensure projects move into construction and production within defined timelines. Measures have been outlined to address procedural delays at different levels of government.
Read More: RBI Builds High-Security Data Centre in Odisha to Strengthen Financial Resilience!
The cleared proposals cover energy, electronics, manufacturing, and infrastructure. Their overall impact will depend on execution progress across the eight districts.
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Published on: Feb 23, 2026, 11:47 AM IST
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