In the recent panchayat elections in Odisha, the BJP had secured 297 zilla parishad seats while the Congress, the main opposition party, had won just 60 zilla parishad seats.
In an operation late last evening, the agency had arrested Gupta Chandra Bidika, Additional General Manager, Microwave Project, Bhubaneswar.
Amidst the tussle between Odisha government and IOCL over its refinery in Paradip, Union Petroleum Minister Dharmendra Pradhan today said that he favoured signing of a fresh agreement between the two.
The Odisha government's decision to take back tax concessions to IOC's Rs 34,555-crore Paradip refinery will impact investor sentiment adversely, industry body CII has told the state chief minister.
Eleven others have not yet started work for setting up steel plants, steel and mines minister Prafulla Mallick told the Assembly.
The election in five states was a referendum on demonetization 3.0 undertaken by the Modi government creating a sharp political divide with the narrative shifting to BJP versus the rest.
JV won an order for track linking OHE, S&RT and other allied works from Haridaspur to Kendrapara from Rail Vikas Nigam. Work to be completed in a matter of 15 months along with six months of defect liability period.
State-owned Indian Oil Corp (IOC) may drag the Odisha government to court for reneging on its promise to give tax concessions to its Rs 34,555 crore Paradip refinery in the state.
"Power purchase agreement (PPA) in respect up-coming Teesta-IV Project, West Bengal & Teesta-V Power Station, Sikkim have been signed on February 21, 2017 with GRIDCO, Government of Odisha," the state-run power company said in its filing.
"The recently commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, in compliance with all technical parameters," the company said today.
This was announced after Minister of State for Railways Rajen Gohain reviewed the performance and progress of ongoing Railway projects with General Manager, East Coast Railway, Umesh Singh and other officials during a visit here.
Industries, mine owners and contractors in Odisha owe Rs 7446.73 crore to the state government through water tax, sales tax, entry tax, excise duty, electricity dues and mineral royalty, State Finance Minister Pradip Kumar Amat said.
Reliance Industries was the index-mover in early morning trade, with the stock soaring over 6% intraday. Meanwhile, Indian Oil Corporation fell in early morning trade on the back of withdrawal in tax sops to its Paradip refinery.
In a big jolt to Indian Oil, the Odisha government has withdrawn tax incentives given to the Rs 34,555-crore Paradip refinery, making the company reconsider its plans to invest another Rs 52,000 crore in the state.
Odisha has registered a gross state domestic product (GSDP) growth rate of 7.94 per cent in 2016-17 against the national average of 7.1 per cent, besides registering a big reduction in the rate of poverty.
Elated by BJP's good show in civic polls in Odisha and Maharashtra, Finance Minister Arun Jatiley took potshots at the Congress, saying it has become "a crowd around a fading dynasty".
India already has strategic crude oil reserves with storage capacity of 5.33 MMT at three locations--Visakhapatnam, Mangalore and Padur.
In a setback to Indian Oil Corp (IOC), the Odisha government has slapped a notice seeking withdrawal of fiscal incentives given to the PSU's Rs 34,555 crore Paradip refinery in the state.
"Tata Steel had plans to produce six million tonne in two phases originally, but we are now discussing to enhance the capacity to eight million tonne," Tata Steel Managing Director (India and South East Asia) T V Narendran said.
"As part of restructuring of Essar Steel, the financial investor -- Farallon Capital -- has been roped in to invest USD 250 million (Rs 1,700 crore) for a 24 percent equity stake," a source privy to the development said.
Sliding coal prices have dampened Singareni Collieries Company Limited (SCCL)'s plans to expand its footprints globally, Telangana Chief Minister K Chandrasekhar Rao told the State Legislative Assembly today.
The sugarcane growers in the district were demanding a price of Rs 3,000 per tonne. The ACSIL is the oldest sugar industry in cooperative sector in the state.
NLC India Ltd has invited applications from global companies to set up 250 MW solar photo-voltaic power projects in Odisha.
Steel major Tata Steel today said it is in discussion with foreign companies for investments in heavy industries over the next five years at the Special Economic Zone project at Gopalpur in Odisha.