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The Indian Steel Association (ISA) has formally approached the Odisha government to advocate for a prioritized allocation of iron ore for steelmakers based within the state. They want to make sure their expansion plans aren't derailed by shortages -- basically, raw material supply is the big risk hanging over the industry right now. On Tuesday, ISA's President and Member of Parliament, Naveen Jindal, led a group to meet Odisha Chief Minister Mohan Charan Majhi, to discuss the strategic necessity ...Read More >
New Delhi: India's steel sector has taken another step toward decarbonization as SAIL Bokaro Steel Plant begins a hydrogen injection project in its blast furnace. The initiative follows the signing of an agreement with Forbes Marshall Private Limited and aligns with the country's broader push for sustainable industrial growth. The announcement, shared by the Ministry of Steel, Government of India, highlights India's growing focus on reducing carbon emissions from heavy industries. Steel product ...Read More >
New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >
Bhubaneswar, Apr 7 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday urged mining leaseholders and industries to increase mineral production to meet the growing demand for iron ore amidst the state's rapid industrialisation. Presiding over a high-level meeting with mining leaseholders and industrialists, Majhi assured that the government would provide full support for mining activities. He called for enhanced production and dispatch, in line with the minimum mandatory limits under the ...Read More >
Bhubaneswar (Odisha) [India], April 8: A high-level delegation from the Indian Steel Association (ISA), led by Hon'ble Member of Parliament and President of ISA , Sri Naveen Jindal met Hon'ble Chief Minister of Odisha Shri Mohan Charan Majhi on 7th April 2026 to discuss key challenges and opportunities concerning the steel industry in the state. Also Read | Bride-Buying Racket Busted in Bihar: Rohtas Police Detain 24, Rescue Minor Girl in Bikramganj Raid. The meeting witnessed the presence of ...Read More >
New Delhi, Apr 6 (PTI) State-owned NMDC has increased the prices of iron ore by up to 11.1 per cent, according to a regulatory filing. The company, which is the country's largest iron ore producer, has increased the prices with effect from April 5, 2026. As per the regulatory filing, the prices of Baila Lump -- high-grade (65.5 per cent Fe) iron ore lump produced by the company from the Bailadila mines in Chhattisgarh, have been increased by 10.4 per cent. While prices of Baila Fines -- high- ...Read More >
New Delhi [India], April 8 (ANI): The domestic iron ore production sector will require an investment of USD 20-25 billion or more to achieve national steel production targets and ensure self-reliance, according to Vedanta Group Chairman, Anil Agarwal. He noted that this scale of capital expenditure is essential to ramp up production to 800 million tonnes, which is needed to support the overarching goal of producing 300 million tonnes of steel within the country. Agarwal said on X that at the cu ...Read More >
BHUBANESWAR: In a bid to accelerate industrial growth and meet the rising demand for iron ore, Chief Minister Mohan Charan Majhi on Tuesday urged mining leaseholders to enhance production capacity. Chairing a high-level meeting with leaseholders and captains of steel industries at Lok Seva Bhawan, the chief minister expressed concern that majority of the iron ore mines operating in the state are not meeting the quantifiable minimum production targets as defined in the mining plan approved by th ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi today during a high-level meeting with mining leaseholders and industrialists urged them to boost output and build industry. In a meeting held at Lok Seva Bhawan, the Chief Minister suggested to produce more iron ore in view of the increase in industrialization in the state and the demand for iron ore in the country. He assured them that the state government is providing all possible cooperation for this. With emphasis on production and des ...Read More >
Average salary increments across India Inc. are expected to remain largely stable at 9.1 per cent in 2026, marginally higher than the 9 per cent increase recorded in 2025, according to the "Deloitte India Talent Outlook 2026" report released by Deloitte on Monday. The survey, conducted between January and February 2026, gathered responses from organisations across seven sectors and 27 sub-sectors in India, primarily from chief human resources officers and senior HR leaders. The report also rec ...Read More >
New Delhi [India], April 6 (ANI): India's metal and mining sector is poised for a near-term recovery, supported by improving domestic demand and a rebound in commodity prices, even as global geopolitical disruptions continue to shape supply dynamics, according to a recent report by Anand Rathi. The report highlighted that India remains structurally well-placed in the global metals cycle, driven by strong internal consumption trends. "India remains at the center of the global ferrous growth stor ...Read More >
New Delhi [India], April 6 (ANI): India's metal and mining sector is poised for a near-term recovery, supported by improving domestic demand and a rebound in commodity prices, even as global geopolitical disruptions continue to shape supply dynamics, according to a recent report by Anand Rathi. The report highlighted that India remains structurally well-placed in the global metals cycle, driven by strong internal consumption trends. "India remains at the center of the global ferrous growth stor ...Read More >
New Delhi: Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Import Bank, th ...Read More >
New Delhi, Apr 6 (PTI) Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Imp ...Read More >
Major ports under the Union Ministry of Ports, Shipping and Waterways handled 915.17 million tonnes (MT) of cargo during the financial year 2025-26, surpassing the annual target of 904 MT, and registering a strong year-on-year growth of 7.06%. The achievement highlights improved operational efficiency, robust trade recovery, and sustained momentum in the maritime sector, according to the Ministry. It also reflects "the impact of ongoing reforms and strategic investments aimed at modernising por ...Read More >
Railways is also enhancing passenger convenience at major stations across the country with dedicated holding areas North Western Railway on Tuesday announced measures to ease passenger travel during the summer vacation, including the operation of holiday special trains and the addition of extra coaches to several long-distance trains. Amit Sudarshan, Chief Public Relations Officer (CPRO) of North Western Railway, said, "Passenger load on the railway is very high during the summer vacation, due ...Read More >
Bhubaneswar: Amid the row over transfer of Ichchapuram-Palasa section from Khurda Road railway division to the proposed Visakhapatnam division of South Coast Railway (SCoR), commerce and transport minister Bibhuti Bhusan Jena on Saturday said the new administrative arrangement will not compromise Odisha's interest in any manner.Protecting Odisha's interests and strengthening railway connectivity is our priority. "Not even an inch of Odisha's railway track will go to any other state. Since there ...Read More >
New Delhi [India], April 3 (ANI): The Ministry of Steel-owned NMDC has registered its highest-ever iron ore production output at 53 million tonnes in the Financial year 2025-26, the Ministry of Steel said in a press release on Thursday. The ministry noted that NMDC has emerged as the first company in the India mining history to surpass the 50 million tonnes annual production mark. The company's iron ore production jumped 51% on year to 5.35 million tonnes in March and posted a growth of a robus ...Read More >
New Delhi [India], April 3 (ANI): The Ministry of Steel-owned NMDC has registered its highest-ever iron ore production output at 53 million tonnes in the Financial year 2025-26, the Ministry of Steel said in a press release on Thursday. The ministry noted that NMDC has emerged as the first company in the India mining history to surpass the 50 million tonnes annual production mark. The company's iron ore production jumped 51% on year to 5.35 million tonnes in March and posted a growth of a robus ...Read More >
HYDERABAD: The South Central Railway (SCR) has been allocated a budget of Rs 13,026 crore for the financial year 2025-26, up from Rs 11,012 crore last year, SCR General Manager Sanjay Kumar Srivastava said on Thursday. The allocation for Telangana stands at Rs 5,454 crore this year, compared to Rs 5,337 crore last year. Addressing the media at Rail Nilayam, he said the 18.3% increase will help sustain the pace of infrastructure works, with projects worth about Rs 48,000 crore currently underway ...Read More >
Paradip (Odisha) [India], April 2 (ANI): The Paradip Port Authority (PPA) achieved a historic milestone by joining the elite '155+ Million Metric Tonnes (MMT) Club.' The port recorded its highest-ever cargo throughput of 156.45 MMT during FY 2025-26, marking a 4.01% growth compared to the previous financial year. This performance stands as the best in the port's history since it first became operational in 1966. Despite challenging market conditions, such as a decline in export demand for iro ...Read More >
VISAKHAPATNAM: Visakhapatnam Port Authority (VPA) recorded cargo throughput of 91.17 million metric tonnes (MMT) in the financial year 2025-26, registering a growth of about 10.35 per cent over the previous year. The performance marks an improvement over 82.62 MMT handled in 2024-25, 81.09 MMT in 2023-24, and 73.75 MMT in 2022-23. A stakeholders' meet was held in Visakhapatnam on Wednesday. Speaking on the occasion, VPA Chairperson M Angamuthu attributed the growth to coordinated efforts of por ...Read More >
New Delhi, April 2 (IANS) India's largest iron ore producer and miner, NMDC achieved a production of 53.15 MT of iron ore in FY26, becoming the first company in India's mining history to surpass the 50 MT annual production mark, the government said on Thursday. The company produced 5.35 MT and sold 5.90 MT of iron ore in the month of March 2026, marking exceptional growth of 51 per cent and 40 per cent, respectively over the previous year, an official statement said. The total production durin ...Read More >
Visakhapatnam: The Visakhapatnam Port Authority has achieved a historic milestone by recording its highest-ever cargo throughput of 91.17 million metric tonnes in the financial year 2025-26. This represents a growth of over 10 per cent compared to the previous year. The achievement not only surpasses the prior record of 82.62mmt but also reinforces the port's position among India's leading ports, marking another significant milestone in its 92-year history, according to VPA chairperson, M Anga ...Read More >
New Delhi, Apr 2 (PTI) State-run iron ore producer NMDC has reported a record production of 53 million tonnes (MT) of ore in the just-concluded 2025-26. The company's total sales of iron ore, a key raw material for steel manufacturing, reached 50.23 MT. The company's production was 21 per cent higher compared to 44.07 MT in FY25, while sales grew 13 per cent from 44.40 MT in 2024-25. The PSU produced 5.35 million tonnes (MT) and sold 5.90 MT of iron ore in March. "NMDC...has achieved a histo ...Read More >
New Delhi: The earnings of Indian Railways from passenger movement rose 6% to around Rs 80,000 crore in 2025-26, while freight revenue lagged, clocking a 1.4% rise to Rs 17.8 lakh crore.Data showed that the national transporter carried a record 741 crore passengers during the last financial year and freight loading was at an all-time high of 1,670 million tonnes, although it was lower than the target of 1,700 MT.Separate data also showed that railways and road transport ministries utilised their ...Read More >
New Delhi, Apr 1 (PTI) Railway Ministry on Wednesday said that a record 1,670 million tonnes of cargo and 741 crore passengers were transported in the financial year 2025-26, registering over 3 per cent annual growth in both sectors. The cargo transport saw an increase of 3.25 per cent, while the passengers sector rose by 3.54 per cent, it said. The total number of passengers carried rose to 741 crore in 2025-26, as compared to 716 crore in 2024-25, reflecting sustained growth in rail usage ac ...Read More >
Bhubaneswar: East Coast Railway (ECoR) has once again reaffirmed its position as the premier freight handling zone of Indian Railways, achieving an all time high freight loading of 286.3 Million Tonnes (MT) during the financial year 2025-26. This marks a significant increase of 27 MT over the previous year's loading of 259.25 MT, underscoring the zone's consistent growth and operational excellence. In tandem with the rise in freight loading, the zone also recorded a substantial increase in frei ...Read More >
New Delhi, Apr 1 (PTI) Railway Ministry on Wednesday said that it has set a new record in cargo transport by carrying 1,670 million tonnes of freight and registering a growth of 3.25 per cent over the previous year. "This achievement reflects sustained improvements in operational efficiency, capacity augmentation, and growing reliance on rail-based transportation by key sectors of the economy," the ministry said in a press note. It stated that the performance was complemented by a 4.56 per cen ...Read More >
Bhubaneswar: Vedanta Aluminium on Wednesday reaffirmed its long-term commitment to Odisha on the occasion of Utkal Dibas. With planned investments of Rs 1.8 lakh crore in the pipeline and over Rs 1 lakh crore already invested, the company said it has has generated more than 5 lakh employment opportunities to date. Vedanta's Odisha operations including aluminium, power, iron ore, and related businesses, contribute over Rs 9,000 crore annually to the exchequer and account for approximately ~3% of ...Read More >
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