Odisha to Build Ship Recycling Hub, Ports, and Boost Rail Connectivity

10 Jan 2025 CW Team

The Odisha government has announced plans to develop a Rs 40 billion ship recycling hub near the Paradip port, alongside the establishment of two new ports with private sector collaboration, according to Hemant Sharma, Principal Secretary of the Industry Department. The state is also preparing to support investments in railway infrastructure to facilitate the evacuation of minerals and coal. Sharma noted that hydrogen manufacturing facilities in Odisha are set to commence production by the end of 2026. A major shipbuilding and repair centre will be developed in partnership with the Paradip Port Authority (PPA). Additionally, the new ports, located at Inchuri in North Odisha and Bahuda in South Odisha, will each have a capacity of at least 40 million tonnes. Odisha is also focusing on the technology sector, with plans to encourage the development of data centres and global capability centers (GCCs). The government is drafting policies for both initiatives and has allocated 250 acres south of Bhubaneswar to establish an electronic city. On rail infrastructure, Sharma revealed that the Haridaspur-Paradip railway line is being doubled under a Special Purpose Vehicle (SPV) with state equity involvement. The state is committed to providing additional equity if necessary to expedite critical projects. He added that the current railway corridors are adequate to handle the existing coal transportation needs. These initiatives are part of Odisha’s broader strategy to enhance industrial and infrastructure capabilities while attracting private investment. (ET)

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..