Adani among key projects in Odisha’s Rs 44,200 crore investment clearance

The Odisha government has approved 10 major industrial projects worth Rs 44,200 crore, including a pumped storage hydropower project by the Adani Group and a key semiconductor manufacturing unit, officials said on Sunday.

The proposals were cleared at a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi on Saturday evening.

The projects, spread across eight districts — Khurda, Koraput, Kalahandi, Malkangiri, Dhenkanal, Puri, Nayagarh and Deogarh — are expected to generate employment for 8,765 people. They span sectors such as semiconductors, rare earth manufacturing, cement, automobile and auto components, telecom infrastructure and renewable energy.


In the semiconductor space, ASP Semicon has received approval to set up a Rs 4,620-crore memory chip plant in Khurda. In rare earth manufacturing, Magnova Private Ltd will establish a Rs 1,050-crore high-performance magnet facility, also in Khurda.

The automotive and aerospace segment will see Bharat Forge invest Rs 3,000 crore in Dhenkanal to set up a manufacturing unit for 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.

On the renewable energy front, Adani Hydro Energy Twelve Ltd will invest Rs 9,731 crore in a pumped storage project in Nayagarh, while Jindal Green PSP Two Private Limited will invest Rs 3,711 crore in a similar project in Deogarh.

Additionally, Sangamam CD Hydro Consortium will invest Rs 9,000 crore in Koraput, and Greenko Private Ltd has proposed a Rs 7,506-crore project in Kalahandi, aimed at strengthening long-term energy security and renewable integration.

In the telecom sector, Shreetech Data Ltd-CLS will set up a cable landing station in Puri with an investment of Rs 1,622 crore.

Emphasising timely execution, Majhi said approvals must translate into construction and production within predictable timelines. He outlined a three-pronged strategy focused on targeted investor outreach, improving ease of doing business through streamlined systems, and empowering field-level authorities to swiftly resolve bottlenecks.

“These coordinated actions will ensure that Odisha remains a preferred destination for global capital,” the chief minister said.

(With inputs from PTI)