Undeterred by the continuing skirmish with the Union mines ministry over mineral lease area limits, the Odisha government has decided to revive auctions of iron ore blocks, claims a report in Business Standard. A high-level committee of the state government has decided to issue the Notice Inviting Tenders (NITs) for auctions of 11 more virgin […]
Going by the annual reports of the public sector mining major, National Mineral Development Corporation, NMDC will set up Special Purpose Vehicles (SPVs) with the governments of Jharkhand and Karnataka to set up steel factories. Its SPV in Jharkhand has already selected the site and applied for allocation of land, water and power. In Karnataka, […]
Steel Minister Dharmendra Pradhan Thursday held a meeting with officials to discuss a road map for developing a steel hub in Odisha. “Met with steel industry stakeholders and senior officials of the ministry to chart out a road map for setting up a steel hub in Odisha. The state of Odisha is amongst the richest […]
The mysterious disappearance of VG Siddhartha, the founder of India’s largest coffee chain Cafe Coffee Day, followed by his suicide is indeed tragic. Indian Express reported that late Cafe Coffee Day founder VG Siddhartha had deep business interests in Odisha that went beyond the popular cafe chain. Along with the CCD outlets at several places […]
Vedanta Ltd. aims to increase its aluminium exports at a time imports comprise 58 per cent of India’s consumption of the metal at the end of FY19, reports Business Standard. Vedanta, India’s top aluminium producer, in this fiscal year aims to ship more than half of its production volume to international markets. At the end of […]
European Union (EU) importers of Indian shrimp feel the number of Indian exporters shipping to the 28-member bloc has shrunk because of stringent testing norms. Importers in Europe have been complaining that the number of Indian exporters willing to export to the EU has shrunk. This is for warm water shrimp or prawn exporters. Apparently, […]
Taking cues from the global market, domestic primary steel producers have raised prices of steel by Rs 750 per tonne from February 1. This is the first hike in domestic steel prices since October. Domestic steel prices were in the range of Rs 42,000-44,000 per tonne depending upon various products. Naveen Jindal-led Jindal Steel & […]
Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national agricultural market (eNAM) so far in the country, the Agriculture Department said. Under the eNAM, launched in 2016, agri-trading was initially allowed within a mandi and later inter-mandi within a state was permitted. So far, 10 states are offering inter-mandi trade within […]
The eastern state of India, Odisha witnessed a record procurement of non-paddy rabi crops including pulses and oil-seeds this season. So far, 6,100 tonnes of pulses and oil Seeds have already been procured by the Orissa State Co-operative Marketing Federation Ltd (Markfed-Odisha) against 1500 tonnes last year. While nearly 10 days are left for the […]
The pre-monsoon rains have hit Odisha in a big way, two days before the scheduled dates of arrival by the India Meteorological Department (IMD). However, the dry spell has been a matter of grave concern for the agri-nation. It is predicted that end of today, the much awaited and delayed monsoon is likely to advance […]
