Odisha Secures ₹54,000 Cr Investment Proposals in Chemicals

Odisha secured ₹53,893.51 crore in proposed investments at India Chem 2026, with nine MoUs and four investment intents expected to generate 20,210 jobs. The state will host Odisha Chem 2027 in October next year.

Odisha has secured investment proposals worth ₹53,893.51 crore at India Chem 2026 in Mumbai, with the proposed projects expected to generate 20,210 employment opportunities. Chief Minister Mohan Charan Majhi announced the development, after attending the two-day chemical and petrochemical industry event, where the state signed nine memorandums of understanding (MoUs) and received four investment intents.

The investment proposals cover the power, chemicals and petrochemicals sectors, supporting Odisha’s efforts to diversify its industrial base and attract investments in downstream manufacturing. Among the major proposals, NLC India Limited accounted for ₹36,763.51 crore across the power and chemical sectors. The proposed projects include a 3,200 MW ultra-supercritical thermal power plant, coal gasification and fertiliser units, along with beach sand mineral processing facilities.

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Larsen & Toubro (L&T) signed an MoU proposing an investment of ₹8,100 crore, with the project expected to create around 1,300 jobs. Paradeep Phosphates Limited also signed an MoU worth ₹4,750 crore for a chemical-sector project expected to generate approximately 1,000 employment opportunities. Overall, the nine MoUs represent proposed investments of

During the event, Majhi and the state delegation held 25 one-to-one meetings with business leaders and representatives of major companies, including POSCO India, JSW Group and L&T, as well as businesses from the United States and Europe. The discussions focused on identifying investment opportunities, understanding industry requirements and expanding the presence of companies in Odisha.

The state is also pursuing opportunities in steel and downstream manufacturing. During the visit, JSW Group announced a ₹7,500-crore expansion of its steel facility in Sambalpur, adding a planned five million tonnes per annum of capacity. Separately, JSW and South Korea’s POSCO have been working on a proposed six-million-tonne-per-annum greenfield steel plant in Odisha.

Majhi also announced that the next edition of the chemical and petrochemical industry event will be held in Odisha in October 2027 under the name Odisha Chem 2027, following discussions with the Centre and the Federation of Indian Chambers of Commerce and Industry (FICCI).

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The state aims to develop an integrated industrial ecosystem connecting metals, downstream metal industries, chemicals, petrochemicals and plastics. The investment proposals and planned industry event are intended to support this strategy, attract further private investment and expand employment opportunities. The announced figures represent proposed investments rather than completed expenditure.