The High-Level Clearance Authority (HLCA) on Wednesday (June 17, 2026) approved 20 major industrial projects with a cumulative investment of ₹76,611.86 crore, having the potential to generate 50,517 employment opportunities across nine districts of Odisha.

The approval came at crucial time when President Drupadi Murmu and Prime Minister Narendra Modi are scheduled to visit the State this week to mark completion of two years of Bharatiya Janata Party (BJP) government.

“With progressive policies, robust infrastructure, and a strong commitment to ease of doing business, Odisha continues to attract investments across both emerging and core sectors. These projects will contribute significantly to employment generation, industrial diversification, and inclusive economic growth,” said Chief Minister Mohan Charan Majhi chairing 45th of HLCA.

According to an Odisha government statement, the projects span key sectors including gemstone manufacturing, green energy equipment, aerospace and defence, rare earth minerals-based value-added products, pharmaceuticals, mechanical and electrical capital goods, chemicals and steel.

The biggest investment proposal received by HLCA was from Rashmi Metallurgical Industry Private Limited that will set up four million tonne per annum capacity integrated steel plant in Jajpur. The project has a potential to create 11,000 jobs.

Shyam Metalics and Energy Limited has also pledged investment of ₹7,580 crore for one MTPA steel plant in Sambalpur. Tata Power Renewable Energy Limited will establish an ingot and wafers along with a Solar PV Cell Manufacturing Unit in Ganjam with an investment of ₹10,000 crore, generating 5,000 employment opportunities.

In the renewable power sector, Rajapuspa Renova LLP has got the approval for pumped storage hydro-power plant in Malkangiri. The project entails investment of ₹5,220 crore.

Kira Diam LLP, which will set up a lab-grown diamond manufacturing unit in Khordha district at an estimated investment of ₹7,000 crore. Similar projects have been proposed by Anjali Labtech Limited, and Grow Magnificent Private Limited. Combined investment in the sector was ₹9,817.50 crore that would generate 8,100 employment opportunities.