London-Based Odia To Invest Rs 125cr In Three Ventures

03 Feb 2025 CW Team

A London-based company has shown interest in setting up three projects to manufacture 100 per cent plastic-free bio bags, recycle lithium-ion batteries, and process maize seeds in Nabarangpur. The company, founded by Arun Kar, an Odisha native, will invest Rs 1.25 billion in these three projects.

He said the factory will produce bio-bags made from renewable resources like cornstarch, cassava, or sugarcane derivatives, which are fully biodegradable and compostable. This project, which may be established in the Jagatsinghpur district, will manufacture 200 tons of bio bags per annum. The plant will be operational within nine months.

The second project, a lithium-ion battery recycling plant, will address the growing need for sustainable waste management in the renewable energy and electric vehicle (EV) sectors. This initiative will be in collaboration with a UK/Canadian technology partner.

Critical materials like lithium, cobalt, and nickel can be recovered from used batteries using advanced recycling technologies.. This Rs 50-crore project promotes a circular economy by reusing materials and reducing dependency on raw material imports. It will create direct employment for 100 workers and 200 indirect jobs in logistics and supply chain operations.

The third project, a maize seed processing unit, will be established in Nabarangpur district with an investment of Rs 25 crore. The deadline for the project is nine months. It aims to boost agricultural productivity and empower local farmers, especially tribal communities. The company will source maize directly from local farmers, ensuring fair prices and reducing post-harvest losses.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..