Tata Steel Limited approved a scheme to amalgamate Neelachal Ispat Nigam Limited (NINL) with itself and an investment of up to USD 2 billion in its wholly owned subsidiary at its board meeting held on 17 March 2026. The decisions are subject to regulatory approvals and are aimed at restructuring operations and supporting overseas business […]
Indian Metals and Ferro Alloys Limited on 16 March 2026 announced the commencement of operations of two additional furnaces at its ferro chrome plant in Kalinganagar, located in Jajpur district of Odisha. The furnaces form part of the facility acquired from Tata Steel and mark further progress in bringing the plant to full operational status. […]
Jindal Steel Limited said it has been declared the preferred bidder for the Thakurani-A1 iron ore block in Keonjhar district of Odisha following the conclusion of an online auction conducted by the Government of Odisha. The block covers an area of 202 hectares and forms part of a mineral block auction round notified in December […]
Zelio E-Mobility Limited has increased its total installed production capacity for electric vehicles from 72,000 units per annum to 180,000 units per annum and commenced operations at a new manufacturing facility in Odisha. The expansion includes capacity enhancement at its existing facility in Ladwa, Hisar, Haryana, and the commissioning of a new plant in Odisha. […]
Bharat Forge Limited has outlined plans to invest up to INR 30 billion in a proposed integrated metals and manufacturing project in Odisha, forming part of a broader INR 170 billion group-level development. The project is positioned as the company’s next major growth phase following completion of its ongoing expansions in Baramati. The Odisha project […]
Hindalco Industries Limited has announced a major expansion of its aluminium operations in Odisha, including a new smelter capacity addition and the commissioning of downstream manufacturing facilities. The investments form part of the company’s ongoing growth capital expenditure programme and are aimed at strengthening domestic supply chains for electric mobility, energy storage and advanced manufacturing. […]
INOX Air Products Private Limited signed a memorandum of understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) to establish a 2×1,300 tonnes per day air separation unit (ASU) at Tata Steel’s Meramandali site in Odisha. The MoU was signed on 16 January 2026 during the Odisha Investors’ Meet held in […]
Runaya Metsource Private Limited and ECKART have established a joint venture, Runaya Eckart Aluminium Powders Private Limited, to manufacture gas-atomised aluminium powders in India, with a new facility located at Jharsuguda in Odisha. The project marks the first domestic production of spherical gas-atomised aluminium powders, which are currently imported for use in advanced industrial applications. […]
Apollo Micro Systems Limited has secured regulatory approval for the manufacture of high-energy explosive materials through its step-down subsidiary, IDL Explosives Limited. The industrial licence authorises the production of Cyclotetramethylenetetranitramine (HMX) and Trinitrotoluene (TNT) under the Industries (Development and Regulation) Act, 1951, expanding the group’s licensed manufacturing activities in defence and industrial explosives. The licence […]
Lloyds Metals and Energy Limited has signed a non-binding memorandum of understanding with Tata Steel Limited to explore potential collaboration across mining, logistics, pellet production and steelmaking. The memorandum, dated 10 December 2025, outlines areas of joint evaluation that include greenfield steel projects, iron ore mining, slurry pipeline development, pellet and direct reduced iron production, […]
