Talks with NTPC and NPCIL, Major Renewable Expansion, and Green Hydrogen Hubs Mark State’s Push Toward an Advanced Energy Future Bhubaneswar: Odisha is taking significant strides to advance its long-term energy strategy, initiating formal discussions with NTPC and the Nuclear Power Corporation of India (NPCIL) to set up nuclear power plants in the state. The…
FinTech & InsurTech Training, Global Exposure, and Industry Pathways at the Core of New Multi-Year Initiative Bhubaneswar: In a significant move to strengthen digital finance talent across India and Asia, Mitsubishi UFJ Financial Group (MUFG) and the Global Finance & Technology Network (GFTN) have joined hands through a multi-year partnership aimed at expanding youth digital…
State targets faster coal evacuation, improved hinterland connectivity and industrial expansion through new logistics corridors Bhubaneswar: In a major push toward strengthening its logistics and industrial backbone, the Odisha government is planning to develop new railway corridors under the public-private partnership (PPP) model. These corridors will form part of the state’s port-led industrialisation strategy, designed…
Startup eyes global expansion after major Indian Navy contract; aims to make Odisha a hub for deep-tech manufacturing Bhubaneswar: Odisha’s homegrown deep-tech startup Coratia Technologies has raised ₹5 crore (approximately USD 563,000) in a new funding round led by Piper Serica Angel Fund. The fresh capital infusion will accelerate the company’s mission to strengthen India’s…
Move Seen as Part of Larger Strategy to Strengthen Balance Sheet and Forge Global Alliances Bhubaneswar: JSW Steel is reportedly in advanced discussions to divest up to 50 percent of its ownership in Bhushan Power & Steel Ltd (BPSL), with Japan’s JFE Steel emerging as the frontrunner to acquire the stake. The potential sale, if…
Project to enhance mineral logistics, reduce carbon footprint, and strengthen Odisha’s position as a key industrial transit hub Bhubaneswar : In a move that strengthens Odisha’s strategic importance in India’s mineral and steel supply chain, the Ministry of Steel has approved ArcelorMittal Nippon Steel India’s (AMNS India) proposal to build a major iron ore slurry…
1×800 MW Darlipali Stage-II Unit to Boost State’s Power Infrastructure Bhubaneswar: Bharat Heavy Electricals Limited (BHEL) has bagged a major contract from NTPC Limited for developing the 1×800 MW Darlipali Supercritical Thermal Power Project, Stage-II, in Sundargarh district of Odisha. The company announced that it received the Notification of Award (NOA) for the project, valued…
Odisha’s Industrial Belt to Benefit From Boost in Rail-Based Logistics Capacity Bhubaneswar: A new Gati Shakti Cargo Terminal (GCT) has been commissioned at Jakhapura in Jajpur district, giving a significant push to Odisha’s industrial logistics network. Developed under the Khurda Road division of the East Coast Railway (ECoR), the terminal strengthens the state’s position as…
Kalinga Balijatra Inauguration Becomes Stage for Odisha’s New Industrial Vision Bhubaneswar : At the inauguration of the Kalinga Balijatra festival in Jagatsinghpur, Chief Minister Mohan Charan Majhi announced a sweeping infrastructure and industrial expansion plan for coastal Odisha, revealing that the Centre has approved investments worth ₹1.45 lakh crore for Paradip’s transformation into a major…
Company Approves ₹610-Crore Deal, Reports Q2 Results, and Declares Interim Dividend Bhubaneswar : Indian Metals & Ferro Alloys (IMFA) on Tuesday announced that it will acquire Tata Steel’s ferro alloys plant located in Odisha, marking a major expansion move for the company’s core business. The decision was approved during the board meeting held on November…
