The Odisha cabinet chaired by Chief Minister Mohan Charan Majhi approved a ₹17,250 crore integrated manufacturing complex by Kalyani Group on February 1, 2026, marking a significant step towards high value production in automotive, aerospace, defence and specialty materials.
The project will be built on nearly 1,100 acre in Gajamara, Dhenkanal district as a multi product industrial cluster.
Approval was granted under special provisions of the state Industrial Policy Resolution 2022, allowing the development of a comprehensive ecosystem for downstream value chains.
Kalyani Steels Limited will set up an advanced specialty steel unit with a capacity of 7,00,000 tonne per annum and a titanium alloy plant producing 10,000 tonne per annum.
The cluster will also host a super alloy facility of Saarloha Advanced Materials Pvt Ltd and an industrial components casting and forging unit of Bharat Forge and its subsidiaries, creating a diversified manufacturing base.
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The complex is projected to generate over 4,800 direct jobs and around 5,500 indirect jobs during construction and operation.
Including ancillary and vendor units, total employment is expected to exceed 20,000. The state government approved a special incentive package that includes a 45% capital investment subsidy on plant and machinery.
The cluster aims to shift the state from a raw material driven economy to a producer of technology intensive, export oriented products.
By enhancing local production of titanium and specialty steel, the project supports localisation, reduces import dependence and aligns with national self‑reliance goals in defence and advanced manufacturing.
The cabinet’s approval of the ₹17,250 crore Kalyani Group cluster provides a framework for shared infrastructure, common utilities and streamlined regulatory support, while creating substantial employment and strengthening Odisha’s position in strategic material sectors.
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Published on: Feb 2, 2026, 11:14 AM IST
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