Breaking News

Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

Odisha Sets Up Task Force to Build Steel Plant in CM's Keonjhar District

380913_1722861096_small.png
Announcement 05 Aug 2024 06:01 PM IST PTI

The formation of a task force to oversee the establishment of a new steel plant in Keonjhar district, Chief Minister Naveen Patnaik's home constituency, was announced by the Odisha government. This initiative is part of the state's strategy to boost industrial growth and create regional job opportunities.

The task force, which comprises senior officials from various state departments, will be responsible for facilitating the development of the steel plant, ensuring it adheres to regulatory requirements, and coordinating with potential investors. The plant is expected to be crucial in enhancing Odisha's industrial infrastructure and contribute significantly to the local economy.

Keonjhar, located in the mineral-rich region of Odisha, has been identified as a strategic location for the new steel plant due to its abundant natural resources. The plant's establishment is anticipated to leverage the district's mineral wealth and strengthen the state's position in the steel manufacturing sector.

Chief Minister Naveen Patnaik expressed his support for the project, highlighting its potential to drive significant economic development and provide ample employment opportunities to the local population. He emphasized that the steel plant aligns with the state's vision of industrialization and sustainable growth.

The task force will work on various aspects of the project, including land acquisition, environmental clearances, and infrastructure development. The government is also expected to engage with private investors to secure funding and technical expertise for the plant.

This development is part of a broader, concerted effort by the Odisha government to attract substantial investment in the industrial sector and diversify the state's economy. The steel plant in Keonjhar is expected to stimulate industrial activity and set a precedent for future projects in the region.