Odisha and GSSE Forge Partnership for Stainless Steel Hub

18 Sep 2023 CW Team

Odisha, a state in India, has entered into a strategic partnership with GSSE (Global Stainless Steel Exchange) to transform itself into a prominent destination for stainless steel production and trade. This collaboration aims to leverage Odisha's abundant resources and strategic location to promote the growth of the stainless steel industry in the region.

The partnership between Odisha and GSSE will facilitate the establishment of state-of-the-art stainless steel manufacturing facilities, making use of the state's rich mineral reserves, including iron ore and chrome. This move is expected to attract significant investments and create employment opportunities in the stainless steel sector.

By focusing on the production and export of stainless steel, Odisha aims to diversify its industrial landscape and contribute to India's economic growth. Additionally, this initiative aligns with the broader national goal of becoming self-reliant in the production of essential materials and reducing imports.

The collaboration is poised to strengthen India's position in the global stainless steel market and enhance Odisha's role as a key player in the country's industrial development. With the support of GSSE's expertise and global reach, Odisha is set to become a prominent stainless steel destination, fostering economic growth and prosperity in the region.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..