Odisha Approves Rs 54,288 Crore Power and Renewable Energy Package
Odisha has approved a portfolio of power and renewable energy projects valued at Rs 542.88 billion (Rs 54,288 crore), according to a report published by Powerline Magazine on 25 September 2026. The approval covers both power and renewable energy segments, though a breakdown by sub-sector or individual project was not available at the time of reporting.
| Detail | Information |
|---|---|
| Approving Authority | Government of Odisha |
| Total Value | Rs 54,288 crore (Rs 542.88 billion) |
| Sector | Power and Renewable Energy |
| Location | Odisha |
| Report Date | 25 September 2026 |
| Source | Powerline Magazine |
Odisha's Existing Thermal Power Project Footprint
Odisha already carries one of the largest state-level concentrations of thermal power projects tracked by Projects India. Among projects currently on record for the state in the thermal sub-sector is the IB Valley Power Project at Banharpali, Jharsuguda — tracked in two units (Unit 5 and Unit 6), each valued at Rs 9,538 crore. A power plant manufacturing unit project at Rengali, Sambalpur, promoted by SMEL Steel Structural Private Limited, is also at the construction-started stage, though its value has not been recorded.
Separately, the Coal Based Thermal Power Plant at Kamalanga, Dhenkanal — a Phase II expansion promoted by GMR Kamalanga Energy Limited and valued at Rs 7,500 crore — is currently at the approvals-received stage, placing it directly in the path of procurement activity that the latest state-level approval could accelerate.
Where Thermal Power Investment Is Concentrated Across India
Projects India tracks 1,246 live thermal power projects across India, of which five were added in the past 90 days. Odisha leads all states in project count with 132 tracked projects, followed closely by Chhattisgarh (131), Madhya Pradesh (100), Andhra Pradesh (97), Maharashtra (96) and Tamil Nadu (95). This geographic distribution reflects where the bulk of coal-based generation capacity — and the associated procurement opportunities — remains concentrated.
Beyond Odisha, recent large-value projects entering the construction phase include the Thermal Power Plant at Salboni, Paschim Medinipur, West Bengal, promoted by JSW Energy Limited at Rs 16,000 crore, and the Coal Based Thermal Power Project at Warora, Maharashtra, a Phase II expansion by GMR Warora Energy Limited at Rs 11,331 crore. The Thermal Power Project at Raghunathpur, West Bengal, promoted by Damodar Valley Corporation at Rs 11,000 crore, has also moved into construction.
Stage Breakdown: Where Projects Stand in the Pipeline
Of the 1,246 thermal power projects tracked nationally, the largest cohort — 500 projects — remains at the under-approvals stage, representing a substantial forward pipeline for suppliers and contractors who engage early. A further 142 projects have reached the construction-started stage, indicating active procurement across multiple states. Meanwhile, 95 projects are at the planning stage and 81 are on hold, signalling that not every project in the pipeline will convert to active work in the near term.
The 193 projects recorded as completed and 134 as cancelled provide useful context: cancellation rates in this sub-sector are not negligible, making early-stage intelligence valuable for prioritising pursuit decisions. The power projects sector overview on Projects India covers the full landscape across thermal, hydro and renewable sub-sectors.
What this means for suppliers and contractors
An Odisha state-level approval of Rs 54,288 crore across power and renewable energy is a signal that project-level tenders and equipment orders could follow across multiple sub-sectors. Suppliers active in boilers, turbines, transformers, transmission infrastructure and civil construction should monitor Odisha-based projects closely given the state's already-leading position of 132 tracked thermal projects — more than any other Indian state in this sub-sector.
The large volume of projects nationally sitting at the under-approvals stage (500 out of 1,246 tracked) means competitive positioning needs to happen before formal tenders are issued. All tracked projects across India are available for monitoring, and suppliers can use stage filters to isolate projects approaching procurement readiness. There are currently no open India tenders recorded in the broader Power Projects sector on the platform, making proactive outreach to promoters and developers the primary route to early engagement at this time.
For contractors already active in Odisha — where projects such as the SMEL Steel Structural power plant manufacturing unit in Sambalpur are under construction — the state government's fresh approvals reinforce the case for maintaining local presence and relationships ahead of what could be a multi-year investment cycle.
Frequently asked questions
How much has Odisha approved for power and renewable energy projects?
Odisha has approved power and renewable energy projects valued at Rs 54,288 crore (Rs 542.88 billion), according to a report by Powerline Magazine published on 25 September 2026. A sub-sector or project-level breakdown was not available at the time of reporting.
How many thermal power projects does Odisha have in the national pipeline?
Projects India tracks 132 thermal power projects in Odisha, the highest count of any Indian state in this sub-sector, ahead of Chhattisgarh with 131 and Madhya Pradesh with 100.
How many thermal power projects are currently under approvals in India?
Of the 1,246 thermal power projects tracked by Projects India nationally, 500 are at the under-approvals stage, representing the largest single cohort in the pipeline and the most significant near-term opportunity set for suppliers and contractors.
