The on Tuesday approved five Investment proposals in the Metal sector worth Rs 1.46 lakh crore with an aim to double steel production in the state over the next few years. While the states existing steel-making capacity is about 30 mtpa, the high-level clearance authority led by chief ministerNaveen Patnaikapproved another 27.5 mtpa capacity. All five approved proposals are expansion of existing facilities.
The approved projects include expansion ofBhushan Power and SteelLimiteds (BPSL) plant from 5 mtpa to 15 mtpa. Around Rs 55,000 crore will be invested in the expansion project located at Rengali in Sambalpur while it is expected to generate EMPLOYMENT opportunities for over 10,000 people.
Nearly six years after dedication of the first phase of Tata Steels plant at Kalinganagar in Jajpur district, the companys proposal for its expansion from 3 mtpa to 8 mtpa got the governments nod.Tata Steelwould invest Rs
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