New Delhi, 03/01/2025: India’s manufacturing sector, which has been a key driver of the economy in 2024, saw growth ease to its lowest level in a year in December. According to the monthly HSBC India Manufacturing Purchasing Managers’ Index (PMI), released on Thursday, both new business orders and output expanded at a slower pace, though the sector continues to show resilience and solid momentum heading into 2025. The seasonally adjusted PMI for December stood at 56.4, compared to 56.5 in November. While this represents a marginal dip and the slowest pace of expansion in 12 months, the reading remains well…
Author: J.Sahu
Bhubaneswar, Odisha, 02/01/2025: Rajib Sekhar Sahoo, a highly regarded financial expert and chartered accountant, has been appointed as the new Chairman of the Indian Chamber of Commerce (ICC) Odisha State Council. His appointment is expected to bring strong leadership and strategic vision to the council at a time when Odisha is emerging as a key destination for industrial growth and investment. Sahoo, the principal partner at SRB & Associates, one of India’s leading chartered accountancy firms, has built a distinguished career with extensive experience in banking, finance, and corporate governance. Known for his sharp insights into business and industry, he…
New Delhi, 31/12/2025: Green hydrogen, once heralded as a cornerstone solution for achieving net-zero emissions, has encountered significant obstacles in 2024. Several ambitious projects aimed at producing this clean fuel have been postponed or outright shelved due to unexpectedly high production costs, challenging earlier optimism about the sector’s rapid growth. Governments and major energy corporations around the world have long promoted green hydrogen as a versatile and environmentally friendly alternative for industries ranging from steel manufacturing and shipping to residential heating. Yet, despite the promise, the steep cost of production has deterred developers and investors alike, resulting in the abandonment…
Lanjigarh (Kalahandi, Odisha), December 31, 2024: Sanjay Majhi, a promising young archer from Vedanta Sports Program, has won a bronze medal in the Indian Round category at the prestigious NTPC (National Thermal Power Corporation) Senior National Archery Championship 2024. Supported by Vedanta Lanjigarh, India’s premier producer of smelter-grade alumina and a unit of Vedanta Aluminium, Sanjay Majhi’s achievement concludes Odisha’s 21-year quest for a senior category national medal in archery and making it a moment of pride for the state and Vedanta’s Sports Program. Speaking on this achievement, Mr. Pranab Kumar Bhattacharya, CEO of Vedanta Alumina Business, said, “Our sports…
India, December 30, 2024: India has made remarkable strides in the renewable energy sector over the past few years, and 2024 has continued this upward trajectory. Experts observe that the country is steadily moving toward its clean energy goals, driven by a coordinated effort between the government and the private sector. India’s total electricity capacity now stands at 452.69 gigawatts (GW), with a significant and growing share coming from renewable sources. This marks a clear shift away from conventional fossil fuels toward cleaner, more sustainable energy solutions. The country’s commitment to renewable energy gained international attention at the COP26 climate…
Bhubaneswar: At the recent Odisha Solar Investor Conclave, the International Forum for Environment, Sustainability, and Technology (iFOREST) presented a detailed overview of Odisha’s vast potential to emerge as a major solar energy hub. According to the forum, the state has the capacity to generate more than 200 gigawatts (GW) of solar power, combining both land-based and water-based installations. This includes an estimated 138 GW from ground-mounted solar systems and another 33.5 GW from floating solar projects, signaling a transformative opportunity for Odisha’s energy sector. At present, solar energy accounts for 21% of the state’s total renewable energy capacity, which stands…
Jaipur: 21/12/12024: During the 9th edition of the Vedanta Pink City Half Marathon (VPCHM) in Jaipur, 1 lakh meals were raised to support children and animals. Nearly 15,000 participants joined forces in the #RunForZeroHunger movement, with Vedanta promising to nourish a child and feed an animal for every kilometer run, in collaboration with its social impact arm, the Anil Agarwal Foundation (AAF). In the 2023 VPCHM, runners helped provide over 1 lakh meals to children at Nand Ghar, AAF’s flagship initiative. This year, AAF expanded its focus to support animals as well, adopting the ‘One Health’ approach, which links the…
New Delhi, 20/12/2024: In a notable development in global energy trade, India has significantly redirected its motor fuel exports toward Asian markets in recent months, reflecting a major shift in global supply dynamics. Data from commodity analytics provider Vortexa shows that between August and November, Asia’s share of India’s motor fuel exports surged threefold to over 30%, while Europe’s share fell sharply from 20% to just 8%. This change underscores the evolving patterns in international energy trade, shaped by geopolitical events and shifting demand trends. India’s motor fuel exports, which include automotive diesel fuel and aviation turbine fuel, totaled $6.09…
Bhubaneswar, 20/12/2024: Odisha’s premier hockey team, Vedanta Kalinga Lancers, unveiled their new jersey, team mascot, and official anthem at a grand ceremony held at Kalinga Stadium on Thursday, signaling their full preparedness for the upcoming Hockey India League (HIL) season. The event drew significant attention from sports officials, corporate leaders, and hockey enthusiasts across the state, highlighting Odisha’s growing prominence in national sports. The team’s new jerseys were formally introduced by Suryabanshi Suraj, Minister of Sports and Youth Services, alongside Sunil Gupta, Chief Operating Officer of Vedanta Aluminium and Director of Kalinga Lancers, and Bhaskar Sharma, IAS, Principal Secretary of…
New Delhi, 19/12/2024: In a strategic move to enhance operational efficiency and reinforce its commitment to sustainability, Vedanta Aluminium, India’s largest aluminium producer, has integrated the Bogie Open Bottom Rapid Discharge Railway Wagon (BOBRN) with pneumatic door opening actuators into its coal transportation system. The new system has been deployed at Vedanta’s major smelters in Jharsuguda, Odisha, and Korba, Chhattisgarh, under the Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS). The BOBRN wagons are specifically designed to transport large quantities of coal efficiently between key industrial sites such as thermal power plants, smelters, and ports. Unlike conventional wagons, these wagons…