Odisha Chief Minister Naveen Patnaik (File photo)
Odisha Chief Minister Naveen Patnaik (File photo)

Odisha govt approves proposal to set up integrated refinery

ANI | Updated: Mar 05, 2019 22:30 IST

Bhubaneswar (Odisha) [India], Mar 5 (ANI): Naveen Patnaik-led Odisha government on Tuesday accorded approval to the proposal submitted by Haldia Petrochemicals Ltd (HPL) to set up an integrated refinery with aromatics complex for production of Paraxylene and Purified Terepthalic Acid at a total investment of Rs. 28,700 crore near Subarnarekha Port in Balasore district.
The investment proposal was received at the Make in Odisha Conclave.
High-Level Clearance Authority (HLCA) approved the proposal of Indian Oil Corporation Limited to set up a polyester product manufacturing unit of 300 KTPA capacity at the textiles park coming up at Bhadrak district at an investment of Rs 1,970.52 crores.
The HLCA also approved two proposals of Rungta Mines Limited. The first proposal was for the expansion of its 5 X 100 TPD sponge iron plant to 0.53 MTPA integrated steel plant at Karakolha in Keonjhar district.
The expansion would entail an investment of Rs 1,677.98 crore and will create about 1100 employment opportunities. The second proposal by the company was for setting up an integrated steel plant of 0.53 MTPA capacity at Karakhendra in Keonjhar district at an investment of Rs. 1,848.69 crore. (ANI)