Odisha Approves Industrial Projects Worth Rs 327.36 Bn

27 Jan 2025 CW Team

The HLCA convened for the second time this month ahead of the much-anticipated Utkarsh Odisha 2025. The state further highlighted the positive outcome of roadshows held in Delhi, Mumbai, and Singapore, which have spurred significant investor interest in Odisha.

Chief Minister Mohan Charan Majhi remarked, "The approval of these substantial projects before Utkarsh Odisha 2025 underscores the growing industrial strength of our state. These investments will create thousands of jobs, benefiting the people of Odisha. We remain committed to ensuring Odisha remains a premier investment destination, driving prosperity for all."

The approved projects are spread across districts such as Khurda, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak, bolstering the state’s industrial base.

Odisha is poised to enter a new phase of industrial growth, solidifying its role as a key player in India's economic development. Notably, the Odisha government will host the two-day conclave in Bhubaneswar from January 28-29, with Prime Minister Narendra Modi set to inaugurate the event. The conclave will focus on IT, renewable energy, textiles, chemicals, and food processing, with 12 countries invited as 'Countries of Focus,' including Australia, Malaysia, Japan, Germany, Poland, and Cuba.

As the Utkarsh Odisha - Make in Odisha conclave 2025 approaches, scheduled for January 28, the Odisha government has approved several industrial projects worth a total of Rs 327.36 billion. These projects, spanning various sectors, were greenlit during the 39th High-Level Clearance Authority (HLCA) meeting. The 39th HLCA meeting resulted in approvals for eight transformative industrial projects across key sectors, including Chemicals, Green Energy Equipment, Shipbuilding & Repair, and Steel, with investments totalling Rs 327.36 billion. These investments are expected to create employment for over 18,688 individuals, further fortifying Odisha's industrial and economic foundation, the state government stated in a press release. The HLCA convened for the second time this month ahead of the much-anticipated Utkarsh Odisha 2025. The state further highlighted the positive outcome of roadshows held in Delhi, Mumbai, and Singapore, which have spurred significant investor interest in Odisha. Chief Minister Mohan Charan Majhi remarked, The approval of these substantial projects before Utkarsh Odisha 2025 underscores the growing industrial strength of our state. These investments will create thousands of jobs, benefiting the people of Odisha. We remain committed to ensuring Odisha remains a premier investment destination, driving prosperity for all. The approved projects are spread across districts such as Khurda, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak, bolstering the state’s industrial base. Odisha is poised to enter a new phase of industrial growth, solidifying its role as a key player in India's economic development. Notably, the Odisha government will host the two-day conclave in Bhubaneswar from January 28-29, with Prime Minister Narendra Modi set to inaugurate the event. The conclave will focus on IT, renewable energy, textiles, chemicals, and food processing, with 12 countries invited as 'Countries of Focus,' including Australia, Malaysia, Japan, Germany, Poland, and Cuba.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..