The government of the eastern Indian state of Odisha has approved investments to the tune of $249 million in steel-related projects in the state, a government official said on Thursday, April 29.
The official said that the state’s top industrial project clearance committee had approved Amalgam Resources India Limited’s (ARIL) proposal to construct a 15 million mt per year iron ore beneficiation plant, with an estimated investment of $130 million.
The state government has also approved an investment of $119 million by Ardent Steel Limited for the construction of a 3 million mt per year iron ore satellite grinding unit and a 3 million mt per year capacity slurry pipeline.