Odisha Economy

Odisha draws ₹1.17 trillion clean energy investment proposals at summit

Odisha signs clean-energy agreements with 15 companies at a renewable energy summit, drawing proposals worth Rs 1.17 trillion for projects spanning 11.74 GW of planned capacity

Quanshium AI Core develops indigenous quantum-secure drone technology

Odisha-based start-up Quanshium AI Core has tested a quantum-secure drone communication link over 10 km using indigenous QRNG and post-quantum encryption technologies

Odisha eyes semiconductor push with five projects worth over $4.7 billion

The state aims to build a semiconductor and advanced electronics ecosystem, with projects spanning chip fabrication and 3D packaging, alongside investments in AI infrastructure

Odisha govt clears ₹3,855 cr investment proposals, targets 7,765 new jobs

The 22 proposals across 12 districts span aerospace and defence, compressed biogas, pharmaceuticals, paper and packaging, manufacturing and hospitality, and are expected to generate 7,765 jobs

Odisha plans integrated rare-earth corridor to boost mineral processing

The proposed Gopalpur cluster will integrate mineral extraction, processing and permanent-magnet manufacturing to strengthen Odisha's critical mineral value chain

PM inaugurates RBI's ₹169-cr data centre, cybersecurity institute in Odisha

The 18.55-acre facility in Jatni will support mission-critical payment systems, strengthen digital financial services and boost cybersecurity training

Odisha attracts ₹53,894 crore investment intents at India Chem 2026

The two-day Mumbai outreach yielded nine MoUs and four investment intents across power, chemicals, metals, textiles and agro-processing, with potential for 20,210 jobs

NLC India lines up ₹37,000 crore for power and mineral projects in Odisha

The proposed 3,200 Mw thermal power plant will cost Rs 35,000 crore, alongside a Rs 2,000 crore beach sand mineral processing facility and a planned coal gasification-fertiliser project

Odisha rolls out red carpet for chemical, petrochemical investments

State pitches port connectivity, refinery infrastructure and common effluent treatment facilities to woo chemical and petrochemical manufacturers

Odisha to unveil India's 1st dedicated Agri-PV policy, targets 1 GW by 2030

The proposed policy will allow farming alongside solar power generation, ensure 90 per cent of project land remains cultivated and offer farmers new income opportunities

Tata Power to set up ₹54 crore GCC in Odisha for next-gen energy solutions

Tata Power's new global capability centre in Odisha will develop AI-driven solutions for the energy sector, with an investment of Rs 54.31 crore and plans to create 110 skilled jobs.

Tata Steel commissions ₹9,067 crore facilities at Kalinganagar plant

The new facilities include galvanising and annealing lines, a slurry pipeline and an air separation unit, while the NINL expansion aims to boost steelmaking capacity in Odisha.

Jindal Ferrous expands Odisha footprint with ₹5,000 cr carbon steel plant

Jindal Ferrous has commissioned its first integrated carbon steel plant at Jajpur in Odisha, with a 2.2 mtpa steel melt shop and an investment of ₹5,000 crore

Odisha unveils ₹40K crore industrial projects, eyes over 42,000 jobs

Chief Minister Mohan Charan Majhi inaugurated 24 facilities and laid foundation stones for 29 projects across 14 districts, with an estimated employment potential of 42,512.

Odisha spends only 25% of capital outlay, 33% of annual estimate by Sep

The state spent ₹18,183 crore of its ₹72,100 crore capital outlay by September, while overall expenditure reached ₹94,463 crore

Green signal: AAI set to develop greenfield international airport in Puri

AAI will develop the ₹5,631-crore Puri airport after environmental and CRZ clearances, with the first phase designed to handle 4.6 million passengers annually.

Beyond port expansion, Odisha eyes ₹50,000 crore major maritime investments

Paradip's capacity expansion, the proposed Bahuda port and a Kendrapara shipbuilding cluster anchor Odisha's maritime investment pipeline of more than ₹50,000 crore.

Orissa HC dismisses Vedanta's plea to enforce 2004 bauxite supply agreement

The court held that promissory estoppel cannot compel the state to act against mining law or confer an enforceable commercial right over natural resources held in public trust.

Odisha sets up CM-EAC on lines of EAC-PM to drive $1.5 trn economy goal

Panel comprising economists, former bureaucrats and Sarvam AI co-founder will advise on growth, fiscal management and structural reforms as Odisha pursues its 2047 target

Odisha clears 19 projects worth ₹3,280 cr as emerging sectors gain ground

The 19 projects spanning GCCs, compressed biogas, technical textiles, tourism and manufacturing are expected to generate 10,661 jobs across 10 districts