TBB BUREAU BHUBANESWAR, MAY 2, 2022 In a bid to reduce the company’s debt burden, Coimbatore-based Sakthi Sugars Ltd on Monday decided to sell its sugar and distillery units in Odisha and the soya factory in Tamil Nadu. The company’s board approved the sale of these two plants at its meeting. Sakthi Sugars acquired the Odisha sugar unit several decades ...

TBB BUREAU SAMBALPUR, MAY 2, 2022 Coal Miners are playing an important role in strengthening the economy and development of the country, said Mahanadi Coalfields Limited (MCL) Chairman-cum-Managing Director OP Singh on the occasion of May Day that the company celebrates as Miners Day. Addressing a colourful programme at Belpahar in Jharsuguda last evening, Singh said coal miners are the ...

TBB BUREAU NEW DELHI, MAY 2, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has announced long-term sourcing of 380 MW of renewable energy for its Aluminium Smelters. Some 180 MW of this RE will be for the Aluminium Smelter at Jharsuguda, Odisha, and 200 MW for the Bharat Aluminium Company (BALCO) at Korba, Chhattisgarh. This will be carried out ...

TBB BUREAU BHUBANESWAR, MAY 2, 2022 India’s largest integrated power producer NTPC Ltd has invited Expression of Interest (EOI) to produce torrefied biomass pellets from Indian startups. Through its R&D wing, NETRA, NTPC intends to provide a platform to Indian startups to enable them to develop advanced technology for producing torrefied biomass pellets that are well-suited for decentralized small-scale users. ...

TBB BUREAU JAJPUR, APRIL 29, 2022 The domestic demand for stainless steel will grow more in the near future and the Indian manufacturers should augment their capabilities to supply the best-quality products, Union Steel Minister Ram Chandra Prasad Singh said on Friday. Singh made the comment during a visit to the plant of the Jindal Stainless Limited (JSL) in Jajpur ...

TBB BUREAU NEW DELHI, APRIL 29, 2022 Led by improved demand situation and effective capacity utilisation, Aditya Birla Group company UltraTech Cement has recorded 47.32 per cent rise in its consolidated net profit at Rs 2,613.75 crore for the fourth quarter ended March 2022 (Q4FY22) as against Rs 1,774.13 crore registered in the year-ago period, the company said in a ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 Magik, the LED lighting brand promoted by Century Ply and Star Cement, has undertaken an aggressive marketing plan aiming to be the market leader in the Smart and LED lighting category in Odisha by the end of the current financial year. Magik has a very strong distribution network in Odisha. Presently it is available ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 Soaring prices of raw materials, especially coking coal, are likely to increase the cost of production of domestic primary steel makers and reduce their operating by 500 basis points (bps) to 24-26% this fiscal, said a CRISIL Report. The potential for price hikes may be limited because of the low discount between domestic prices ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 National Bank for Agriculture and Rural Development (NABARD) has disbursed Rs 31,786 crore in Odisha during the financial year ended 31 March 2022, recording an increase of 40% over the preceding year 2020-21. The financial support comprised Rs 14,077 crore to banks for lending towards crop loans as well as term loans in the ...

TBB BUREAU LANJIGARH, APRIL 28, 2022 Vedanta Aluminium, India’s largest producer of aluminium, took trainee students of its Skill Training Program at Lanjigarh in Kalahandi district of Odisha on an immersion tour to experience the workings of the hospitality industry. 30 trainees visited the Amrapali Hotel in Bhawanipatna and got a never-seen-before orientation on the hospitality industry, tourism, food & ...