New facility to create 3,600 jobs and boost India’s rail manufacturing power Construction has officially started on a major railway wheelset manufacturing plant at Haldiapada in Khordha district. The high-tech unit is being developed by Jupiter Tatravagonka Railwheel Factory (JTRF), a subsidiary of Jupiter Wagons Limited, with an investment of over Rs 2,000 crore. Spread…
Neelachal Ispat Nigam Makes Strong Comeback, Kalinganagar Boosts Production Tata Steel has posted a strong financial performance for the January–March quarter of 2024-25, and a major reason behind this success is its Odisha operations — the Kalinganagar plant and Neelachal Ispat Nigam Limited (NINL). In its latest quarterly report, Tata Steel announced a massive 307%…
Massive Boost for Infrastructure, Education, and Welfare in Tribal District Odisha Chief Minister Mohan Charan Majhi kick-started a massive development campaign in Mayurbhanj district by launching and laying the foundation stones for projects worth over ₹420 crore. The grand event took place in Bisoi, where the CM described the occasion as a “new chapter” in…
Odisha has emerged as the top-performing state in industrial growth in India, surpassing several other major states, according to a new report released by credit rating agency ICRA. The report highlights that Odisha recorded a compound annual growth rate (CAGR) of 10% in its industrial sector between 2015 and 2024 — the highest in the…
The Odisha Electricity Regulatory Commission (OERC) has postponed the public hearing on power tariffs for Odisha Power Generation Corporation (OPGC) to May 6. The hearing was meant to decide the power rate for OPGC’s second phase power generation units. OPGC had earlier submitted two proposals to OERC, seeking approval for power tariffs for the 2025–26…
The Odisha government has provided a financial incentive of Rs 31.10 crore to nearly 1 lakh dairy farmers associated with OMFED (Odisha State Cooperative Milk Producers’ Federation). The funds were transferred directly to the farmers’ bank accounts through the Direct Benefit Transfer (DBT) system, ensuring transparency and timely payment. The incentive was given to farmers…
The Ministry of Mines is set to establish a dedicated Programme Management Unit (PMU) to oversee the utilisation of District Mineral Foundation (DMF) funds across the country, with a sharp focus on Odisha — the state holding the largest share of such funds. Odisha has collected over Rs 30,000 crore under the DMF scheme, which…
Vedanta is set to establish a major aluminium smelter in Rayagada, Odisha, representing a significant advancement in India’s aluminium sector. The project, which has received approval from Odisha’s High-Level Clearance Authority (HLCA), comes with an investment of Rs 40,991 crore and is expected to generate approximately 7,200 jobs upon completion. The aluminium smelter forms part…
The Jagatpur Industrial Estate, which is known as the oldest and largest industrial area in Odisha, is set to undergo a major upgrade. This estate is home to more than 500 industrial units and provides jobs to over 15,000 workers. The Odisha Industrial Infrastructure Development Corporation (IDCO) has now set a three-month deadline to complete…
Odisha has emerged as one of India’s top performers in post-pandemic economic recovery, achieving a compound annual growth rate (CAGR) of over 6% in its gross state domestic product (GSDP) between FY20 and FY25, according to a recent report by India Ratings. The eastern state has made remarkable progress in manufacturing, with its share increasing…
