Project News Detail
| Project No : | 206079 |
|---|---|
| Project Title : | Kalyani Group's investment proposal approved by Odisha Cabinet for aerospace, automotive sectors |
| Company Name : | Kalyani Group |
| Project Detail : | The Odisha State Cabinet has approved a transformative investment proposal from the Kalyani Group, marking the state's entry into high-technology manufacturing sectors such as aerospace, advanced automotive manufacturing, and specialty materials. The approval covers three interconnected projects with a total investment of Rs 17,250 crore, expected to generate around 12,000 high-skilled employment opportunities. Kalyani Steels will establish an integrated advanced specialty steel project at Gajamara, Dhenkanal, with a capacity to produce 7,00,000 tonne of specialty steel and 10,000 tonne of titanium alloy annually. Saarloha Advanced Materials will set up a facility to manufacture superalloys, titanium alloys, specialty steel rolled products, and advanced metal powders. Bharat Forge will build a cutting-edge casting, forging, and precision machining plant to serve the aerospace, automotive, and green energy industries. To support this initiative, the state government has approved a special incentive package, including a 45 percent capital investment subsidy on plant and machinery, ensuring full vertical integration in Odisha’s manufacturing landscape. |
| Project Location : | Not Classified - Orissa - India |
| Project Estimation : | Refer Document |
| Status : | Announced |