Kalyani Steels to invest Rs 11,750 cr in Odisha
Chief Minister Naveen Patnaik said the collaboration will harness opportunities for the state to emerge as a high-skill job creator.
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BHUBANESWAR: Kalyani Steel Ltd on Friday signed an MoU with the Odisha government to set up a manufacturing facility with an investment of Rs 11,750 crore.
The project for manufacturing titanium metal, aerospace and automotive components and advanced speciality steel at Gajamara in Dhenkanal district will create 10,000 job opportunities, as per a release.
Chief Minister Naveen Patnaik said the collaboration will harness opportunities for the state to emerge as a high-skill job creator.
“By welcoming Kalyani Steels’ project, including a titanium metal and alloy mill, an aerospace components facility, and an integrated automotive component unit, Odisha marks its grand entry into a highly advanced and precision manufacturing sector,” he said.
Patnaik also said the project is a “perfect match for our aspirations for creating an ecosystem conducive to new-age industries”.