Odisha Approves Incentives For Bhubaneswar Airport MRO Hub

18 Aug 2025 CW Team

The Odisha Cabinet has approved additional incentives, beyond the provisions of the Industrial Policy Resolution (IPR) 2022, for the establishment of a Maintenance, Repair and Overhaul (MRO) facility at Biju Patnaik International Airport (BPIA) in Bhubaneswar. The proposal, brought by the Commerce and Transport Department, was cleared in a cabinet meeting chaired by Chief Minister Mohan Charan Majhi.

The facility will be the first of its kind in Eastern India and is expected to attract private investment while strengthening Odisha’s aviation infrastructure. It also aligns with the state’s Building and Management of Aviation Assets and Network (B-MAAN) scheme, which aims to expand aviation infrastructure and services across Odisha.

Air Works India (Engineering) Pvt Ltd, one of the country’s oldest MRO firms, has been selected as the anchor investor to set up and operate the hub. Its involvement is expected to ensure high operational standards and encourage additional players to join the aviation ecosystem.

The Commerce and Transport Department will oversee the project, while a High-Powered Committee on Aviation will monitor rollout, coordination and issue resolution.

The decision comes at a time when India’s aviation industry is expanding rapidly. According to NITI Aayog, the global MRO market is projected to rise from USD 68.5 billion in 2021 to USD 117 billion by 2031, a growth of 70 per cent. India, set to become the world’s third-largest aviation market after the US and China, currently operates around 713 aircraft with plans to add over 1,000 in the next decade.

MRO expenditure remains significant, with Indian carriers spending between 12 and 15 per cent of total revenues on maintenance, second only to fuel costs at about 40 per cent. India’s MRO industry is forecast to grow to USD 4 billion by 2031 at a CAGR of 8.9 per cent, creating opportunities for regional hubs like Odisha’s proposed facility.

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 ..