Odisha SPSEs Owe ₹3,593 Crore in Pending Dividends to State Government

Audit reveals lack of monitoring and control behind years of non-payment by profit-making enterprises Bhubaneswar : A recent audit by the Accountant General has revealed that state public sector enterprises (SPSEs) in Odisha owe a massive ₹3,593.52 crore in unpaid dividends to the state government, exposing serious lapses in financial monitoring and internal control mechanisms….

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Saatvik Green Energy to Invest ₹3,150 Crore in Odisha for Major Solar Manufacturing Hub

Project to add 4 GW solar module and 4.8 GW cell capacity, boosting India’s renewable energy manufacturing base Bhubaneswar : Saatvik Green Energy Limited (SGEL) has announced plans to invest ₹3,150 crore in a large-scale greenfield project in Odisha, aimed at establishing a state-of-the-art solar manufacturing facility. The project will be developed in phases and…

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Vedanta Seeks Odisha Govt’s Support to Fast-Track $20-Billion Aluminium Project

Anil Agarwal writes to CM Mohan Majhi, calls project a ‘nation-building exercise’ Bhubaneswar : Vedanta Group Chairman Anil Agarwal has reached out to Odisha Chief Minister Mohan Charan Majhi, seeking the state government’s support to expedite clearances and accelerate the implementation of the company’s massive USD 20-billion aluminium project — one of the largest industrial…

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Odisha Plans New Expressway to Decongest Bhubaneswar’s Northern Corridor

Four-lane Rasulgarh–Raghunathpur route to serve as a high-speed alternative to Jayadev Vihar–Nandankanan road Bhubaneswar : In a major step toward transforming Bhubaneswar’s urban mobility, the Odisha government is planning to develop a new expressway connecting Rasulgarh to Raghunathpur in the northern corridor of the capital region. The proposed four-lane carriageway, envisioned as an alternative to…

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Odisha to Raise ₹1,000 Crore via Government Bond Auction This Month

 Odisha to raise ₹1,000 crore through 8-year and 24-year government bond auctions this October via RBI’s e-Kuber platform. Investors eye secure returns amid growing interest in state securities. Bhubaneswar : The Odisha government is set to mobilize ₹1,000 crore this month by auctioning state government securities (SGS), a move aimed at supporting its development and…

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Odisha Reviews Progress of District Mineral Funds to Boost Development in Mining-Affected Areas

State-level committee focuses on better fund utilisation, monitoring, and long-term development planning Bhubaneswar : A high-level meeting of the State Level Committee of District Mineral Institutes (DMIs) was held at Lok Seva Bhavan under the chairmanship of Chief Secretary Manoj Ahuja to review the implementation and utilisation of the District Mineral Fund (DMF) across the…

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