+
Kalyani Steels to Invest Rs 117.50 Bn in Odisha Manufacturing Unit
Steel

Kalyani Steels to Invest Rs 117.50 Bn in Odisha Manufacturing Unit

Kalyani Steels has inked a Memorandum of Understanding (MoU) with the Odisha Government to establish a substantial manufacturing unit in the state. The company is set to make a significant investment of Rs 117.50 billion in this venture, marking a strategic move towards bolstering industrial infrastructure and contributing to economic growth in Odisha.

The MoU outlines the collaborative efforts between Kalyani Steels and the Odisha Government, emphasising the state's favourable business environment and the company's commitment to establishing a robust manufacturing presence. The substantial investment is expected to generate employment opportunities, stimulate economic development, and foster technological advancements in the region.

This initiative aligns with Odisha's vision for attracting investments and promoting industrial growth. Kalyani Steels' decision to choose Odisha as the location for its manufacturing unit signifies the state's appeal as an investment destination and showcases the potential for mutually beneficial partnerships between the government and the private sector in driving economic progress.

Kalyani Steels has inked a Memorandum of Understanding (MoU) with the Odisha Government to establish a substantial manufacturing unit in the state. The company is set to make a significant investment of Rs 117.50 billion in this venture, marking a strategic move towards bolstering industrial infrastructure and contributing to economic growth in Odisha. The MoU outlines the collaborative efforts between Kalyani Steels and the Odisha Government, emphasising the state's favourable business environment and the company's commitment to establishing a robust manufacturing presence. The substantial investment is expected to generate employment opportunities, stimulate economic development, and foster technological advancements in the region. This initiative aligns with Odisha's vision for attracting investments and promoting industrial growth. Kalyani Steels' decision to choose Odisha as the location for its manufacturing unit signifies the state's appeal as an investment destination and showcases the potential for mutually beneficial partnerships between the government and the private sector in driving economic progress.

Related Stories

Gold Stories

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Next Story
Infrastructure Transport

UP Cabinet Approves Renaming Jewar Airport After PM Modi

The Uttar Pradesh Cabinet has approved a proposal to rename Noida International Airport at Jewar as Narendra Modi International Airport, Noida-Jewar. Chief Minister Yogi Adityanath announced the decision after a Cabinet meeting, saying the airport represented a major contribution to the state and would become Uttar Pradesh’s largest airport and a significant aviation hub. The greenfield airport’s foundation stone was laid by Prime Minister Narendra Modi on November 25, 2021. He inaugurated Phase 1 on March 28, 2026, and commercial flights began on June 15. The facility is being developed a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code