South Korean steelmaker POSCO has asked Odisha to take back land it acquired for a $12 billion steel project as it has not been able to start work. The move could be a sign that the world’s fourth-biggest steelmaker is scrapping…
Piped City Gas Distribution project all set to be inaugurated in Bhubaneswar : Pradhan Mantri Urja Ganga
• ‘Pradhan Mantri Urja Ganga’ to arrive soon in Odisha • Rs 4,000 crores investment for pipeline project • Another Rs 1,750 crores to be invested in City Gas Distribution project • 5 lakh households, 1.5 lakh vehicles to benefit…
Introducing Gift Graphite : A New Way of Gifting, a startup from Odisha
Tell us a little bit about your startup We are “Gift Graphite- A New Way of Gifting” (A Personalized Handmade Sketching Startup).We provide hand-made pencil & charcoal sketches made on different paper sizes like A4 & A3, and many more…
NIT Rourkela Alumni, NALCO Bhubaneswar director, becomes first ever woman functional director of SAIL
Soma Mondal has taken charge as Director (Commercial) of Steel Authority of India Limited (SAIL). Ms Mondal has broken the glass ceiling at the state owned steel major, by becoming the first ever woman functional director on the board of…
First Greenfield Ferrochrome plant of Tata Steel starts production in Odisha
Tata Steel on Tuesday announced that its Rs 542 crore ferrochrome greenfield plant at Gopalpur Industrial Park in Odisha has commenced production. “The recently-commissioned ferrochrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved…
Odisha launches Startup Odisha Helpline to encourage entrepreneurship
Chief Minister Naveen Patnaik on Wednesday launched Startup Odisha Helpline in a bid to encourage entrepreneurship among youth in the state. “I hope this Helpline will provide a platform to our youth, incubators and other stakeholders to address their issues,”…
Project Development Activities for Odisha Biotech Park to start this month
With the Bharat Biotech International Limited (BBIL) deciding to start its project development activities by March, chances of revival of biotechnology sector looks bright in the State. Consequently, the works for the much-touted Biotech Park project would gather steam. Chief…
Odisha registers a GSDP growth rate of 7.94% in 2016-17, better than national rate of 7.1
Odisha has registered a gross state domestic product (GSDP) growth rate of 7.94 per cent in 2016-17, overshooting the average national rate of 7.1 per cent, according to advance estimates in the Economic Survey. The state has recovered from its…
Is the future of IOCL Paradip in Jeopardy? Odisha withdrawing interest-free credit for 11 years
Odisha government is withdrawing interest-free credit for 11 years given to Indian Oil Corporation Limited IOCL, the Assembly was informed today. The state cabinet approved a proposal yesterday to withdraw an incentive of interest-free credit, which is equal to the…
Oricon in interested in setting up Rs 100 crore facility for packaging products in Odisha
As per this report in Business Standard , Oricon Enterprises Ltd of Parijat Enterprises which is into marine logistics, packaging, petrochemicals and automobile dealership, will invest Rs 100 crores to build a manufacturing facility in Odisha for packaging products. The facility…