Despite the COVID-19 epidemic, Odisha has had great success in terms of fresh investments. According to government statistics, in the financial year 2020-21, the state will have a total of Rs 2.96 lakh crore. Odisha Chief Minister Naveen Patnaik on Tuesday made a major effort to make the state a steel hub by 2030. The Chief Minister has approved five projects worth Rs 1.46 lakh crore. With this investment, 26,959 people will get new jobs in Odisha.
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Five high-end projects –
1- Expansion of Bhushan Power and Steel Integrated Plant from 5 MTPA to 15 MTPA will provide employment to 10,000 people.
2- Expansion of Tata Steel Limited crude production plant from 3 MTPA to 8 MTPA, Hot rolled coil to 3 MTPA to 7 MTPA.
3- There will be an expansion of Jindal Steel and Power Limited. With this new investment, Jindal Steel & Power Ltd will become the world’s largest steel plant.
4- Rungta Mines Limited Integrated Steel Plant Extension Proposed.
5- Extending the Rungta Mines Limited Steel Plant from 0.53 MTPA to 3 MTPA.
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The approval of this new project will increase Odisha’s steel production from 28 MT to 100 MT by 2030. Over the past 2020 years, Orissa has steadily accelerated in terms of steel production. Steel production in Orissa was 2 MT in 2000, which is 20 Mt by 2020.
