Indian Railways today said top focus will be laid on expanding rail network in Odisha, while priority will be to link unconnected areas of the state and improve connectivity to ports. This was announced after Minister of State for Railways…
Tata Steel picks up majority stake in Odisha Subarnarekha Port project
Tata Steel, the steelmaking arm of the salt-to-software conglomerate Tata Group, is buying a majority stake in an upcoming port project in Odisha, the company said on Wednesday. In a statement issued after market hours, Tata Steel said that it…
Shapoorji Pallonji set to acquire 51% in Gopalpur port : Second Private port in Odisha
Meera Mohanty of Economic Times writes : Shapoorji Pallonji has agreed to buy a 51% stake in Odisha’s Gopalpur port. Orissa Stevedores Ltd (OSL), one of the three original promoters, will hold the remaining 49%. This comes as OSL’s founder…
Odisha now included part of India’s first coastal economic corridor
The country’s first coastal economic corridor stretching from Visakhapatnam to Chennai would cover Odisha. The decision for Odisha’s inclusion in the East Coast Economic Corridor was taken after talks between top state officials and a visiting team of the Asian…
Paradip Outer Harbour among six new mega ports under Ministry of Shipping’s Sagarmala project
At least six new mega ports have been cleared to be built under the ambitious Sagarmala Project, taken up by the Ministry of Shipping. The National Perspective Plan (NPP) for the much talked about project envisions these new infrastructural facilities…
Adani Wilmar of Fortune Vegetable Oil Fame plans Rs 600 cr edible oil refinery in Odisha
Adani Wilmar Ltd, known for its Fortune brand of vegetable oils, has planned to set up a large scale edible oil refinery at Dhamra in Odisha’s Bhadrak district. The company intends to invest Rs 600 crore on the refinery with…
Inland Waterways Authority of India plans to spend Rs 2,000 crore on Odisha waterways
With the Centre set to float a tender for development of 36 waterways in the country, the Odisha government said the Inland Waterways Authority of India has plans to spend Rs 2,000 crore in the state in the first phase.…
Indian Oil, Gail to buy 49% stake in Adani Group 6000 Crore LNG terminal in Dhamra Odisha
State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd today signed pacts to take 49 per cent stake in Adani Group’s Rs 6,000-crore Dhamra LNG project in Odisha. IOC will initially take 39 per cent and GAIL…
Paradip Port continues its record growth on Cargo Handling, 32% more than previous July
The cargo handling growth story of Paradip Port among Indian Major Ports continues with a quantum jump in the cargo handled by the Port in the Month of July, 2016 when the Port in July,2016 handled a record throughput of…
Paradip port is second best in India in terms of Cargo Traffic Handling among major ports
Modernisation and increasing the capacity of Major Ports is a continuous process. Government is regularly monitoring the Port projects to modernise/upgrade to increase capacity of the ports and also to bring them to the international standards through construction &…