Odisha clears expansion projects of Hindalco, NTPC and Rungta mines

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Bhubaneswar:  The Odisha Government on Thursday approved expansion projects of Hindalco, NTPC and Rungta mines. These projects will attract a total investment of Rs 17,833 crore and will generate 6539 jobs in the state.

The clearances were given at the 21st High Level Clearance Authority (HLCA) meeting chaired by the Chief Minister Naveen Patnaik held at Kharvel Bhawan here today.

“ Around Rs 8,000 crore will be invested for HINDALCO’s expansion projects that will generate 4250 jobs. Besides, Rs 7698 crore will be invested in NTPC and Rs 2,135 in Runga,’ said Minister for Energy, Industries and MSME Capt Dibya Shankar Mishra.

The Minister further said that state Government has welcomed the Centre’s decision to divest equity share of Neelachal Ispat Nigam Ltd (NINL).  He said disinvestment in NINL will help increase production of the company and create more jobs. “Stakeholder that will expand the company and make it a profit-making venture as well as benefit its employees will be welcomed for its acquisition,” said the Minister.

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