Govt clears investment of 9 projects worth ₹13,487 crore: Includes JSW
The State government approved nine projects with a total investment of ₹13,487 crores on Wednesday. Among the cleared projects include a major investment in Jindal Steel Works (JSW).
The project, which is being subleased from JSW Steel Ltd, will be carried out in Torangallu, Ballari, by a subsidiary of JSW Steel Ltd called JSW Techno Projects Management Limited at a cost of Rs 892 crore.
JSW Techno Projects Management Limited will produce liquid oxygen, gaseous oxygen, liquid nitrogen, gaseous nitrogen, and liquid argon on an area of 8.27 acres in the Ballari district.
The other projects which were approved includes, Mylar Sugars Ltd (to increase capacity of molasses based/grain based dual feed, Huvinahadagali, Ballari) for ₹312.67 crore to generate 956 jobs. Shree Cement’s clinker grinding and cement bagging plant at Doddaballapur, involving ₹600 crore investment generating over 300 jobs; Indian Oil Corporation’s facility for storage and despatch of petroleum products at Chitradurga for ₹555.4 crore to generate over 52 jobs; Grasim Industries’ chemicals and paints unit at Chamarajanagar for ₹731.79 crore investment and employment generation for 270 persons; YG Cutting Tools Corporation’s engineering tools unit at Chikkaballapur for ₹1,000 crore giving 750 jobs; NxtGen Datacenter and Cloud Technologies’ data centre at Bidadi at an investment of ₹2,000 crore employing 160; Rasasri Tech Park (an integrated Township at Yelahanka) for ₹4,042.95 crore; Emmvee Photovoltaic Power Private Ltd, a solar photovoltaic module manufacturing unit at, Dabaspet for ₹825 crore with potential to generate 736 jobs;. Gold Plus Glass Industries’glass and glass products MSEZ at Mangaluru envisaging ₹2,527 crore investment employing 956 people.
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