Odisha Govt clears Hindalco’s Rs 5000 crore investment proposal

The Odisha government on Thursday cleared a big ticket project proposal of Hindalco Industries Ltd worth Rs 5,000 crore.

The State Level Single Window Clearance Authority (SLSWCA) in its meeting on Thursday approved a proposal of Hindalco Industries Limited to set up an aluminum flat rolled product unit of 0.375 MTPA at Sambalpur, an official statement said.

This proposal is to set up the unit in the premises of existing aluminium smelter plant of Hindalco at Lapanga in Sambalpur district. The land requirement will be 300 acres for the downstream unit.

The project will be recommended to High Level Clearance Authority headed by CM Naveen Patnaik. Four other investment proposals have also been cleared by the authority.

Employment potential of Hindalco project is 550 people. Odisha cadre IPS officer M Nageshwar Rao appointed as the interim director of CBI