The State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Suresh Chandra Mahapatra on Friday, 11th June 2021, gave in-principle approval to Shyam Metalics and Energy Limited’s proposal to set up a railway wagon manufacturing plant having capacity of 1,500 wagon per annum along with 0.394 MTPA electric arc furnace (EAF), 0.1 MTPA HR Mill, 0.1 MTPA CR Mill and 0.5 MTPA railway siding plant with an investment of Rs 381.60 crore. The plant will come up at Hirakud in Sambalpur district.
The company has also proposed to set up an oxygen cylinder manufacturing plant with capacity of 10.8 lakh cylinders per annum at Rengali Industrial Estate in Sambalpur district. With an investment of Rs 55.10 crore, the proposed unit will create employment opportunities for over 162 persons.
Approving the projects, the Chief Secretary directed the Industry department to encourage upcoming units to source power from State grid instead of setting up captive power plants.
Sourcing of power from the grid would be both economic and environment friendly. He further directed IPICOL to conduct a realistic assessment of land and water requirement for the projects on the basis of scientific parameters for optimum utilisation of resources.