Industry Odisha Bureau, Sep 8, 2026: Chief Minister of Odisha Shri Mohan Charan Majhi today arrived in Abu Dhabi, marking the beginning of Odisha’s high-level investment outreach in the United Arab Emirates. The visit, with the principal engagement programme from September 9 to 11 and return to India on September 12, is aimed at deepening Odisha’s economic engagement with the UAE and building partnerships across investment, manufacturing, infrastructure, energy and emerging industries. The Chief Minister is leading a high-level delegation comprising Hon’ble Minister of Industries Shri Sampad Chandra Swain, Chief Secretary Smt. Anu Garg and senior officials of the Industries…
Author: Industry Odisha
Industry Odisha Bureau, Sep 08: India’s steel prices look set to climb further. Rising coking coal costs are driving the increase. Demand is also recovering across key sectors. Infrastructure, construction and automobile activity are strengthening post-monsoon. Yet this upward momentum faces a natural ceiling. Growing imports, particularly from China, threaten mill pricing power. That dynamic will likely shape the coming weeks. Recent price data tells a two-part story. Hot-rolled coil prices actually fell between June and July. The decline measured ₹280 per tonne during that period. Government figures confirmed this initial downward movement. That trend reversed sharply soon afterward. Between…
Industry Odisha Bureau, Sep 08: India’s coal gasification programme has attracted early industry interest. Seven applications arrived from five separate companies. Adani Enterprises and state-run NTPC are among applicants. The Ministry of Coal confirmed this Tuesday. The first application window closed on September 7. A second window opened the following day. This rolling structure lets companies apply repeatedly. Future windows will open every two months. Adani Enterprises alone filed three applications. All three target urea production specifically. Talcher Fertilisers filed a separate urea-focused application. Two applicants therefore pursue identical downstream products. Other applicants chose different industrial routes. Gallantt Ispat proposed…
Industry Odisha Bureau, Sep 08: India’s EV retail sales reached 2,98,448 units in August. Sales grew 52.9 per cent year-on-year, FADA reported. Overall EV penetration climbed to 12.3 per cent. Penetration stood at 9.5 per cent a year earlier. FADA described August as electric mobility’s strongest August yet. All four major EV categories set fresh August records. Federation of Automobile Dealers Associations released this retail sales data. FADA President Sai Giridhar provided detailed category-level commentary. Electric two-wheelers supplied the largest share of volume. Sales reached 1,83,204 units, up from 1,09,673 units. This represented 67.05 per cent year-on-year growth. Two-wheelers now…
Industry Odisha Bureau, Sep 08: Star Sports secured exclusive India television rights for the fixture. FanCode secured exclusive India streaming rights separately. Both cover the one-off India-Japan men’s T20I. Rights holder ITW Universe confirmed the arrangement. The split divides distribution across two distinct platforms. Television coverage belongs solely to Star Sports Network. Streaming distribution belongs solely to FanCode’s digital platform. Neither company holds rights beyond its designated medium. The match will be played on September 22. India face Japan in a one-off T20I. It marks the senior men’s teams’ first T20I meeting. No previous encounter exists between these specific sides.…
Industry Odisha Bureau, Sep 08: India may require nearly 160,000 additional construction project managers by 2035. This marks a 67% increase from current levels. The Project Management Institute’s Construction Talent Gap report projects this demand. Growing project scale and complexity are driving the requirement. Infrastructure, manufacturing, energy and urban development are expanding rapidly. Projects across these sectors are becoming larger and interconnected. This complexity extends beyond simply counting project numbers. Coordination and delivery challenges are increasing alongside project scale. PMI attributes the projection to India’s accelerating investment pace. The estimate reflects requirements, not confirmed current vacancies. It remains a forecast…
Industry Odisha Bureau, Sep 08: Shriram General Insurance has entered a corporate agency partnership with SK Finance. The NBFC operates more than 700 branches nationwide. SGI will distribute general insurance products through this network. The companies announced the arrangement in New Delhi on Tuesday. SGI described the deal as a strategic corporate agency partnership. Under this model, SGI supplies insurance products for distribution. SK Finance provides physical branch access for customers. This structure separates product distribution from claims handling. SK Finance’s branch network exceeds 700 locations across India. This scale gives SGI an established distribution channel. The network was built…
Industry Odisha Bureau, Sep 08: India achieved its E20 ethanol target during ESY 2025-26. This came five years ahead of the original schedule. An ICRIER research paper now proposes added flexibility. E20 should remain the long-term policy objective, it argues. Temporary E15 blending could apply during specific shortages. The paper is titled “Food vs Fuel: Recalibrating India’s Ethanol Blending Strategy.” Agricultural economist Ashok Gulati co-authored the research. It recommends E15 when domestic ethanol availability turns insufficient. Disproportionately high food or feed costs could also trigger flexibility. The choice should reflect relative economic costs, the paper says. India’s ethanol programme has…
Industry Odisha Bureau, Sep 08: State-run SECI is examining a plan to pool factory energy demand. The proposal targets millions of small manufacturers using gas. These businesses rely on gas for industrial heat processes. SECI could aggregate this demand and float tenders. Green-power suppliers would then bid for pooled contracts. The discussions remain at an early stage currently. Industrial heat covers processes like smelting, refining and drying. Many smaller units still use gas-based furnaces. Electrification would mean replacing or supplementing these systems. SECI already has experience aggregating renewable-energy demand elsewhere. It has previously worked on green-ammonia demand aggregation too. Gas…
Industry Odisha Bureau, Sep 08: Toyota Kirloskar Motor paid ₹5,652 crore in dividends during FY26. Five years earlier, the payout stood at just ₹87 crore. Dividend per equity share climbed to ₹81 in FY26. In FY21, it was ₹1.26 per share. Both payouts reflected earnings from the previous fiscal year. Toyota Motor Corporation owns 89% of Toyota Kirloskar Motor. Kirloskar Group holds the remaining 11% stake. Toyota therefore receives most of these dividend distributions. Global automakers have grown increasingly bullish on India. Established markets like North America and Europe face challenges. Dividends represent only one financial flow to Japan. Royalty…