Department of Steel & Mines

New Initiatives

The HLCA cleared 10 projects in all with investment totalling to Rs 1.10 lakh crore and potential to generate 46,054 jobs.
  • • JSW Steel got the go ahead to set up its 10 million tonne steel project in the state at Paradip at a project cost of Rs 50,000 crore. The steel project when fully operational promises to create around 30,000 jobs.
  • • Another project by JSW Steel — a slurry pipeline to be built at a cost of Rs 3,700 crore from Joda to Paradip for transporting 30 million tonne of iron ore per annum was also approved by the High-Level Clearance Authority (HLCA). The HLCA chaired by the chief minister is the highest body to clear investment proposals.
Also In the steel sector, the HLCA had cleared proposals by Bhushan Power & Steel Ltd (BPSL) and National Mineral Development Corporation (NMDC).
  • • NMDC is investing Rs 1,810 crore on a pellet plant of two mtpa capacity at Dhamra.
  • • BPSL has proposed to invest Rs 4,252.40 crore on a similar facility of 5.5 mtpa at Jharsuguda.
  • • Govt. Of Odisha team participates in India Steel Expo, 2017 at Mumbai.

A team from IPICOL, OMC and Steel Directorate had participated in the India Steel Expo held at the Mumbai Exhibition Centre on April 19-21, 2017. The event was a platform that recognises the contribution of the Indian steel industry as a building block of economic growth, and its impact on countries’ social and economic performance. Various players from across the world participated in the Expo that was co-partnered by the World Steel Association along with Federation of Indian Chambers of Commerce and Industry (FICCI). Participants included representatives from the Government of India’s steel and finance ministries; Hon’ble Union Minister of Steel and Mines, Union Steel Secretary Chief Ministers of various states. and Various steel producing companies from both PSU s and Private sectors were present along with representatives from steel consuming sectors like automotive majors, infrastructure companies and steel traders .Participation in the Expo was aimed at strengthening its relationship with steel companies, institutional customers and Government organisations, and reinforcing its role in its drive towards new investments especially in steel sector under Make in Odisha programme.