Industry Odisha Bureau, April 25: East Coast Railway (ECoR) has achieved a robust and well-balanced financial performance during the financial year 2025–26, reaffirming its position as one of the leading zones of Indian Railways in terms of operational efficiency, revenue generation, and prudent financial management. The zone has recorded an impressive Operating Ratio of 54.81 percent, securing the second position among all Railway Zones, underscoring effective cost control, improved productivity, and efficient utilization of resources. ECoR has also demonstrated steady growth in earnings, with Gross Apportioned Revenue reaching Rs 26,058.10 crore up to March 2026, the railway officials said. In…
Author: Industry Odisha
Industry Odisha Bureau, April 25: The 6.5 km stretch strategic Z-Morh Tunnel based in Jammu and Kashmir (J&K) is reportedly going to change hands of ownership very soon for which APCO Infratech is reportedly striking a $267 million deal with Alpha Alternatives. Inaugurated in 2025 and built at an estimated cost of Rs 2,400 crore, the APCO set- up special purpose vehicle (SPV) in 2020 was reportedly awarded by the National Highways & Infrastructure Development Corp Ltd (NHIDCL), while the project has a reportedly 15-year concession with investments to be recovered through biannual annuity payments of Rs 295 crore, sources…
Industry Odisha Bureau, April 24: In a major FDI boost, the Odisha government was able to attract the single largest Japanese investment at Rs 15,000 crore as a Japanese steel company has collaborated with JSW Steel Ltd to expand the latter’s steel plant in Sambalpur district. Chief Minister Mohan Charan Majhi graced the Joint Venture and initiation of partnership between JSW Steel Limited and JFE Steel Corporation, Japan, a pivotal step in Odisha’s move from an iron-ore producer to a high-value steel manufacturing hub. This is Odisha’s first single largest Japanese investment at Rs 15,000 crore. This investment will further…
Industry Odisha Bureau, April 24: The Odisha Gymnastics Association (OGA) today announced hosting of the Junior & Senior Artistic Gymnastics National Championships 2026–27 here at Kalinga Stadium from April 25 to May 3, 2026. The championships are being organized by Odisha Gymnastics Association in collaboration with the Gymnastics Federation of India (GFI) and with the support of the Sports and Youth Services Department of Odisha. Addressing media persons here, Chief Operating Officer, Gymnastics Federation of India, Kallol Mukherjee emphasized the championship’s significance in the national and international pathway. “The National Championships remain a critical benchmark in India’s gymnastics calendar. Performances…
Industry Odisha Bureau, April 24: Planning to launch weekly index options for its bullion derivative index called Bulldex, the Multi Commodity Exchange of India (MCX) has reportedly submitted a formal proposal with the Securities and Exchange Board of India (SEBI) seeking the statutory regulatory body’s seal of approval. Sources informed that MCX’s such a proposal is under scrutiny of SEBI’s Commodity Derivatives Advisory Committee (CDAC), but no final decision has been taken yet. Sources added that the MCX proposal is being meticulously scrutinised delving into the pros and cons, because Bulldex weekly options are likely to “pose a risk in…
Industry Odisha Bureau, April 24: In view of the prevailing heat wave situation in Odisha, the state government on Friday announced summer vacation for schools from Monday. Odisha Chief Minister Mohan Charan Majhi has announced summer vacation for schools in view of the severe heat wave prevailing in the state, a statement said. The chief minister has taken this decision keeping in mind the safety of the children. Majhi approved the proposal in this regard moved by the School and Mass Education Department, the statement said. As per the decision, all government, government-aided and private schools in the state will…
Industry Odisha Bureau, April 23: Odisha’s achievement under the Utility-Led Aggregation (ULA) scheme is the highest in the country, highlighting the State’s effective implementation strategy and rising consumer participation in renewable energy adoption. To accelerate rooftop solar adoption, the Utility-Led Aggregation Scheme (ULA) has been introduced by the Ministry of New and Renewable Energy. In Odisha, the scheme launched in November 2025, enables domestic consumers with a 1 kW connected load to install rooftop solar systems at a highly subsidized contribution of just Rs 1,875. The State has reported encouraging installation progress under both schemes. As per report, 55,888 installations…
Industry Odisha Bureau, April 23: Despite the ceasefire extension sans any deadline effected by the Trump regime, there is no let up to the Iran-imposed Hormuz hurdle since February 28 this year followed by US-clamped naval blockade of late in the Persian Gulf has further aggravated the price rise graph of crude oil globally. Such a precarious situation has reportedly put India at stake so far the supply chain and inflation are concerned. Authorised Indian oil refineries import the well-known Indian basket of crude oil that is a mixture of Sweet Grade (Brent Dated) and Sour Grade (Oman and Dubai…
Industry Odisha Bureau, April 23: In a bid to secure navigation in the Strait of Hormuz militarily amid the escalating tensions in the West Asia region, the United Kingdom (UK) and France are reportedly co-hosting talks with over 30 nations in which India is also formally invited. The momentous talks on the proposed global military mission meant for securing Hormuz navigation would be co-chaired by UK Prime Minister Keir Starmer and French President Emmanuel Macron, and has been scheduled at UK’s Permanent Joint Headquarters in northwest London. As per media reports, both UK and France have been batting for a…
Industry Odisha Bureau, April 23: As uncertainty looms large over Iran’s participation (despite being qualified) in the 48-team tournament of the coveted FIFA World Cup 2026 scheduled from June 12 this year co-hosted by bête noire United States of America (USA) amid the ongoing tug of war between the two nations, latest reports revealed that pressure mounts to include Italy even though the European team has amazingly lost the qualifiers. As per media reports, US President Donald Trump’s Special Envoy Paolo Zampolli has requested both Trump and FIFA President Gianni Infantino “to replace Iran with Italy at the upcoming Football…