 "Welspun to make steel billets, TMT rebars in Odisha")
Welspun has committed an investment of Rs 160.15 crore on the facility which would have a capacity to produce 0.27 million tonne of finished products like TMT rebars and steel billets every year.
"Welspun's proposal has been cleared by the State Level Single Window Clearance Authority. The unit needs 40 acres of land. Welspun had already acquired 175 acres of land at the chosen location where they originally proposed a pelletisation complex. But with pellet market depressed for now, they have shifted focus to long steel products," a senior government official said.
The Welspun facility proposed at Dhamra has the potential to generate direct and indirect employment for 915 people.
The Single Window Authority also gave permit to Shree Cement to shift the location of its cement grinding unit from Dhenkanal to Athagarh tehsil in Cuttack district. The cement manufacturer has announced an investment of Rs 452 crore on the griding unit to have a capacity of three million tonne per annum. The cement unit would come up on 51 acres of land.
The other project cleared by the authority is a railway siding proposed by Indian Farmers Fertilizer Cooperative Ltd (Iffco). The siding is proposed near the new Paradeep railway station and needs 49 acres of land. Iffco is investing Rs 63.55 crore on this rail infrastructure.