Bhubaneswar, Odisha, 02/01/2025: Rajib Sekhar Sahoo, a highly regarded financial expert and chartered accountant, has been appointed as the new Chairman of the Indian Chamber of Commerce (ICC) Odisha State Council. His appointment is expected to bring strong leadership and strategic vision to the council at a time when Odisha is emerging as a key destination for industrial growth and investment. Sahoo, the principal partner at SRB & Associates, one of India’s leading chartered accountancy firms, has built a distinguished career with extensive experience in banking, finance, and corporate governance. Known for his sharp insights into business and industry, he…
Author: Industry Odisha
New Delhi, India, 01/01/2025: The downstream aluminium sector stands to benefit significantly from recent anti-dumping duties imposed on anodized aluminium frames for solar panels and modules imported from China. The Aluminium Association of India (AAI) lauds this move by the Indian Government as it promises greater market access for domestic players. Anti-dumping duties on anodized aluminium frames will aid the domestic aluminium industry by reducing reliance on Chinese imports. Industry representatives are advocating for further measures in the 2025 Budget to bolster market access and establish a self-sufficient aluminium sector. This anticipated growth in investments, job creation, and MSME development…
Bhubaneswar, 01/01/2025: Facing a significant revenue shortfall, the state-run power trading utility, Grid Corporation of Odisha Limited (GRIDCO), has proposed a 54 paise per unit increase in the bulk supply tariff (BSP) for the 2025-26 financial year. The company has projected its aggregate revenue requirement (ARR) for the upcoming fiscal year at ₹14,820.37 crore and has requested the Odisha Electricity Regulatory Commission (OERC) to approve a new BSP of 381.84 paise per unit, up from the current 328.20 paise per unit. GRIDCO justifies the proposed hike by highlighting a projected revenue deficit of ₹1,728 crore at the existing tariff. The…
India, December 31, 2024: Bharat Petroleum Corporation Ltd (BPCL), one of India’s leading state-owned oil refiners, is increasingly sourcing crude oil from the Middle East as supplies of cheaper Russian oil, which the company has relied on in recent years, begin to decline. According to Vetsa Ramakrishna Gupta, BPCL’s Chief Financial Officer, the company is missing two to three shipments of Russian oil each month. To bridge this shortfall, BPCL has turned to suppliers in countries such as Oman. Currently, Russian crude accounts for approximately 35–37% of the feedstock processed at BPCL’s three refineries, which together have a combined capacity…
New Delhi, 31/12/2025: Green hydrogen, once heralded as a cornerstone solution for achieving net-zero emissions, has encountered significant obstacles in 2024. Several ambitious projects aimed at producing this clean fuel have been postponed or outright shelved due to unexpectedly high production costs, challenging earlier optimism about the sector’s rapid growth. Governments and major energy corporations around the world have long promoted green hydrogen as a versatile and environmentally friendly alternative for industries ranging from steel manufacturing and shipping to residential heating. Yet, despite the promise, the steep cost of production has deterred developers and investors alike, resulting in the abandonment…
Lanjigarh (Kalahandi, Odisha), December 31, 2024: Sanjay Majhi, a promising young archer from Vedanta Sports Program, has won a bronze medal in the Indian Round category at the prestigious NTPC (National Thermal Power Corporation) Senior National Archery Championship 2024. Supported by Vedanta Lanjigarh, India’s premier producer of smelter-grade alumina and a unit of Vedanta Aluminium, Sanjay Majhi’s achievement concludes Odisha’s 21-year quest for a senior category national medal in archery and making it a moment of pride for the state and Vedanta’s Sports Program. Speaking on this achievement, Mr. Pranab Kumar Bhattacharya, CEO of Vedanta Alumina Business, said, “Our sports…
India, December 30, 2024: India has made remarkable strides in the renewable energy sector over the past few years, and 2024 has continued this upward trajectory. Experts observe that the country is steadily moving toward its clean energy goals, driven by a coordinated effort between the government and the private sector. India’s total electricity capacity now stands at 452.69 gigawatts (GW), with a significant and growing share coming from renewable sources. This marks a clear shift away from conventional fossil fuels toward cleaner, more sustainable energy solutions. The country’s commitment to renewable energy gained international attention at the COP26 climate…
ଭୁବନେଶ୍ବର: ୨୦୩୦ ସୁଦ୍ଧା ୭.୫ ଗିଗାୱାଟ୍ ଅକ୍ଷୟ ଶକ୍ତି ଉତ୍ପାଦନ କରିବାକୁ ଓଡ଼ିଶା ଲକ୍ଷ୍ୟ ରଖିଛି ବୋଲି ଗ୍ରିଡ୍କୋ ଓ ‘ଆଇଫରେଷ୍ଟ’ର ମିଳିତ ସହଯୋଗରେ ଭୁବନେଶ୍ବରରେ ଆଜି ଆୟୋଜିତ ଓଡ଼ିଶା ସୌରଶକ୍ତି ନିବେଶକ ସମ୍ମିଳନୀରେ ମତପ୍ରକାଶ ପାଇଛି। ଉପମୁଖ୍ୟମନ୍ତ୍ରୀ କନକ ବର୍ଦ୍ଧନ ସିଂହଦେଓ ମୁଖ୍ୟଅତିଥିଭାବେ ଯୋଗଦେଇ କହିଥିଲେ, “ଓଡ଼ିଶା ସରକାର ଅକ୍ଷୟ ଶକ୍ତି ଉତ୍ପାଦନ ପାଇଁ ପ୍ରତିଶ୍ରୁତିବଦ୍ଧ। ଅକ୍ଷୟ ଶକ୍ତିରେ ଓଡ଼ିଶାକୁ ଏକ ଅଗ୍ରଣୀ ରାଜ୍ୟଭାବେ ପରିଗଣିତ କରିବା ଦିଗରେ ଏକାଧିକ କାର୍ଯ୍ୟକ୍ରମ ହାତକୁ ନିଆଯାଇଛି। ନିବେଶକଙ୍କ ପାଇଁ ଓଡ଼ିଶାର ଜଳବାୟୁ ଅନୁକୂଳ ହୋଇଥିବାବେଳେ ଆବଶ୍ୟକ ସହାୟତା ଯୋଗାଇଦେବାକୁ ଆମେ ପ୍ରସ୍ତୁତ ରହିଛୁ। ୨୦୭୦ ସୁଦ୍ଧା ଅକ୍ଷୟ ଶକ୍ତି ଲକ୍ଷ୍ୟ ହାସଲ କରିବାକୁ ପ୍ରଧାନମନ୍ତ୍ରୀ ଯେଉଁ ଆହ୍ବାନ ଦେଇଛନ୍ତି; ତାହା ଆମକୁ ପ୍ରେରିତ କରିଛି ବୋଲି ସେ କହିଥିଲେ।” ଶକ୍ତି ବିଭାଗ ପ୍ରମୁଖ ଶାସନ ସଚିବ ବିଶାଳ କୁମାର ଦେବ କହିଥିଲେ ଯେ, “ଓଡ଼ିଶା ଶକ୍ତି କ୍ଷେତ୍ରରେ ଏକ ବିରାଟ ପରିବର୍ତ୍ତନ…
Bhubaneswar: At the recent Odisha Solar Investor Conclave, the International Forum for Environment, Sustainability, and Technology (iFOREST) presented a detailed overview of Odisha’s vast potential to emerge as a major solar energy hub. According to the forum, the state has the capacity to generate more than 200 gigawatts (GW) of solar power, combining both land-based and water-based installations. This includes an estimated 138 GW from ground-mounted solar systems and another 33.5 GW from floating solar projects, signaling a transformative opportunity for Odisha’s energy sector. At present, solar energy accounts for 21% of the state’s total renewable energy capacity, which stands…
Jaipur: 21/12/12024: During the 9th edition of the Vedanta Pink City Half Marathon (VPCHM) in Jaipur, 1 lakh meals were raised to support children and animals. Nearly 15,000 participants joined forces in the #RunForZeroHunger movement, with Vedanta promising to nourish a child and feed an animal for every kilometer run, in collaboration with its social impact arm, the Anil Agarwal Foundation (AAF). In the 2023 VPCHM, runners helped provide over 1 lakh meals to children at Nand Ghar, AAF’s flagship initiative. This year, AAF expanded its focus to support animals as well, adopting the ‘One Health’ approach, which links the…