The government of the eastern Indian state of Odisha has approved the construction of two greenfield steel mill projects entailing aggregate investments to the tune of $954 million, government officials said on Tuesday, April 15.
The first project approved is a proposal by Shyam Steel Works Limited to construct a 1.5 million mt per year integrated steel mill with an investment of $605 million.
The mill is to be located in the Bhadrak district.
The second proposal is by OCL Iron and Steel Limited for the construction of a 1.2 million mt greenfield integrated steel mill with an investment of $349 million and located in the mineral belt of the Keonjhar district, the officials said.