The Odisha government has approved 20 industrial projects totaling Rs 1.36 lakh crore in investments. The projects, which span sectors such as steel, chemicals, aluminium, green energy, and cement, are expected to generate over 74,350 jobs, according to a press release issued by the state government. These initiatives will be distributed across 10 districts, including […]
Tata Power Company Limited has finalized the acquisition of ERES-XXXIX Power Transmission Limited, a special purpose vehicle (SPV), for ₹18.56 crore in cash. The transaction, announced on November 15, 2024, marks the acquisition of 100% equity in the SPV. ERES-XXXIX was incorporated on March 27, 2024, to develop a power transmission project on a Build-Own-Operate-Transfer […]
Fronius India inaugurated a new Center of Excellence in Advanced Welding at the World Skill Center (WSC) in Bhubaneswar, Odisha. The center, established in collaboration with the Odisha Skill Development Authority, aims to provide students with hands-on training in welding using Fronius’ advanced, industry 4.0-enabled welding equipment. The center was inaugurated in a ceremony attended […]
JSW Steel and POSCO have announced a joint investment of $7.73 billion to establish a steel plant in Odisha, India. This venture aims to address the country’s growing demand for steel by constructing an integrated facility with an initial production capacity of 5 million tonnes per year (MTPA). The project, backed by Odisha’s iron ore […]
Vedanta has announced plans to invest ₹1 lakh crore in Odisha to establish a 6 million tonne per annum (MTPA) alumina refinery and a 3 MTPA green aluminium plant. The project is expected to generate 200,000 jobs and aims to support the state’s industrial growth. The investment will be focused on building a large-scale industrial […]
Jupiter Wagons Ltd. announced plans to invest ₹2,500 crore to increase the production capacity of its subsidiary, Bonatrans India Pvt. Ltd., which will be renamed Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. The investment will be used to expand the subsidiary’s capacity from 20,000 forged wheelsets per year to 1 lakh forged wheelsets annually. The expansion […]
