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Odisha Govt Forms Task Force to Establish Steel Plant in Keonjhar
Steel

Odisha Govt Forms Task Force to Establish Steel Plant in Keonjhar

The Odisha government has constituted a task force to oversee the establishment of a new steel plant in Keonjhar, the home district of Chief Minister Naveen Patnaik. This initiative aims to bolster industrial growth and economic development in the region, known for its rich mineral resources.

The task force, comprising senior officials from various departments, will focus on identifying suitable land, ensuring environmental clearances, and facilitating infrastructure development necessary for the steel plant. The formation of this task force underscores the state government's commitment to leveraging Keonjhar's mineral wealth to foster industrialization and create employment opportunities.

Odisha's Industries Minister, Pratap Keshari Deb, emphasised the strategic importance of the project, stating, "Setting up a steel plant in Keonjhar will not only harness the district's rich mineral resources but also significantly contribute to the state's industrial output and economic prosperity." He highlighted the government's proactive approach in fast-tracking the project's implementation.

The proposed steel plant is expected to attract substantial investments and generate numerous job opportunities, thereby enhancing the socio-economic landscape of Keonjhar. The district, known for its iron ore reserves, offers a conducive environment for establishing a steel plant, which is anticipated to boost the local economy and support ancillary industries.

The task force will also work on addressing potential challenges related to land acquisition and ensuring compliance with environmental regulations. The Odisha government aims to implement a transparent and efficient process to expedite the project's progress, ensuring minimal disruption to local communities and ecosystems.

Local stakeholders, including community leaders and industry experts, have welcomed the government's decision. They believe that the steel plant will bring significant developmental benefits to the region, including improved infrastructure, increased employment, and enhanced living standards.

The establishment of a steel plant in Keonjhar aligns with Odisha's broader vision of becoming a leading industrial hub in India. The government's proactive measures, including the formation of the task force, demonstrate its dedication to realising this vision and fostering sustainable industrial growth in the state.

The Odisha government has constituted a task force to oversee the establishment of a new steel plant in Keonjhar, the home district of Chief Minister Naveen Patnaik. This initiative aims to bolster industrial growth and economic development in the region, known for its rich mineral resources. The task force, comprising senior officials from various departments, will focus on identifying suitable land, ensuring environmental clearances, and facilitating infrastructure development necessary for the steel plant. The formation of this task force underscores the state government's commitment to leveraging Keonjhar's mineral wealth to foster industrialization and create employment opportunities. Odisha's Industries Minister, Pratap Keshari Deb, emphasised the strategic importance of the project, stating, Setting up a steel plant in Keonjhar will not only harness the district's rich mineral resources but also significantly contribute to the state's industrial output and economic prosperity. He highlighted the government's proactive approach in fast-tracking the project's implementation. The proposed steel plant is expected to attract substantial investments and generate numerous job opportunities, thereby enhancing the socio-economic landscape of Keonjhar. The district, known for its iron ore reserves, offers a conducive environment for establishing a steel plant, which is anticipated to boost the local economy and support ancillary industries. The task force will also work on addressing potential challenges related to land acquisition and ensuring compliance with environmental regulations. The Odisha government aims to implement a transparent and efficient process to expedite the project's progress, ensuring minimal disruption to local communities and ecosystems. Local stakeholders, including community leaders and industry experts, have welcomed the government's decision. They believe that the steel plant will bring significant developmental benefits to the region, including improved infrastructure, increased employment, and enhanced living standards. The establishment of a steel plant in Keonjhar aligns with Odisha's broader vision of becoming a leading industrial hub in India. The government's proactive measures, including the formation of the task force, demonstrate its dedication to realising this vision and fostering sustainable industrial growth in the state.

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Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

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Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

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Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Odisha Govt Forms Task Force to Establish Steel Plant in Keonjhar

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