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Odisha lines up ₹53,894 crore of investment proposals at India Chem, led by NLC India and L&T

Chief Minister Mohan Charan Majhi's Mumbai roadshow ended with nine agreements and four letters of intent that the state says could create 20,210 jobs. Bhubaneswar will host the next India Chem.

From the editorial desk · BhubaneswarPublished
Ships at Paradip Port in Odisha (file photo)
Ships at Paradip Port in Odisha (file photo)Photo: OdishaLive / Wikimedia Commons, CC BY-SA 4.0

Key points

  1. Odisha received investment proposals worth ₹53,894 crore at India Chem 2026 in Mumbai.
  2. NLC India's power and minerals plans make up about ₹37,000 crore, roughly two-thirds of the total.
  3. The state expects the projects to create 20,210 jobs.

Odisha has collected investment proposals worth ₹53,894 crore from a two-day outreach at India Chem 2026 in Mumbai, the state government said, as it tries to build a chemicals industry alongside its steel and aluminium plants.

The roadshow, led by Chief Minister Mohan Charan Majhi, ended on Friday with nine memorandums of understanding worth ₹51,443.51 crore and four letters of intent worth ₹2,450 crore. The state expects the projects to create 20,210 jobs.

The largest commitment came from state-run NLC India, which plans about ₹37,000 crore of investment in power and minerals, nearly two-thirds of the total. Larsen & Toubro, which already runs a plant at Kansbahal, signed for ₹8,100 crore, and Paradeep Phosphates for ₹4,750 crore in chemicals.

“Odisha is ready to be a major growth partner for L&T in eastern India,” Majhi said after meeting the company’s chairman, S N Subrahmanyan.

Smaller proposals included textile units from Shivaraj Spinning Mills (₹200 crore, 5,000 jobs) and Bodycare (₹250 crore, 4,000 jobs), and intents from JSW Dulux (₹850 crore), Ellora PEB (₹500 crore) and Apar Industries (₹100 crore). Majhi held 25 one-on-one meetings with business leaders during the visit.

Steel also featured. JSW chairman Sajjan Jindal briefed the Chief Minister on the ₹7,500 crore expansion at the Sambalpur plant run with Japan’s JFE, and Posco India representatives discussed a proposed 5 million tonne joint venture plant with JSW.

Majhi also secured the next India Chem for the state. “The ministry has green-signalled it. The 15th India Chem will be organised in Bhubaneswar,” he said.