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India Gazette
16-05-2025
- Politics
- India Gazette
Bhubaneswar: Rashtriya Suraksha Nagarik Samaj holds 'Tiranga Yatra' to honour armed forces
Bhubaneswar (Odisha) [India], May 16 (ANI): Rashtriya Suraksha Nagarik Samaj organised a 'Tiranga Yatra' in Bhubaneswar to honour the Indian armed forces and commemorate Operation Sindoor. The event saw enthusiastic participation from locals, expressing their solidarity and respect towards the nation's soldiers. The yatra highlighted the community's commitment to supporting the armed forces and remembering their sacrifices. In a major public outreach, the Bharatiya Janata Party (BJP) launched a nationwide Tiranga Yatra on Tuesday. The yatra aims to honour the valour of Indian soldiers and inform citizens about Operation Sindoor's recent success. BJP's 'Tiranga Yatra', which began on Tuesday, will continue till May 23. On Wednesday, the BJP organised the 'Tiranga Yatra' in states such as Uttar Pradesh, Uttarakhand and Odisha. Today, Union Minister Dharmendra Pradhan led the Tiranga Yatra rally in Sambalpur, Odisha, in solidarity with the Indian armed forces. The rally witnessed enthusiastic participation as people joined to express their support and pride for the armed forces. The event aimed to honour the dedication and sacrifices of the defence personnel. On Thursday, BJP MP Naveen Jindal led a 'Tiranga Yatra' at Jindal Steel and Power's Angul steel plant in Odisha. Thousands participated in the patriotic march to honour the Indian Armed Forces following the success of Operation Sindoor. During the event, Jindal also announced a financial contribution of Rs 5 crores to the families of the security personnel who have lost their lives and to those whose houses have been damaged in J&K. 'In Jindal Steel and Power's Angul steel plant, we conducted a 'Tiranga Yatra' in which thousands of people participated. We aimed to thank our Armed Forces personnel and PM Modi for the success of Operation Sindoor.' During the event, Jindal also announced a financial contribution of Rs 5 crores to the families of the security personnel who have lost their lives and to those whose houses have been damaged in J&K. 'We will be giving a total of Rs 5 crore to the families of the security personnel who have lost their lives and to those whose houses have been damaged in J&K,' he added. Further, Jindal criticised Turkey's stance on the India-Pakistan conflict and said, 'The way Turkey openly supported Pakistan has upset our people, and this will give a major blow to Turkey. I hope Turkey will realise its mistake and correct it.' Meanwhile, BJP workers also organised a 'Tiranga Yatra' in Srinagar. The yatra commenced from Sheri Kashmir Park to Lal Chowk and was led by BJP leader and Chairperson of J-K Waqf Board Darakhshan Andrabi. Darakhshan Andrabi commended the Indian Armed Forces over the success of Operation Sindoor and emphasised that every Indian citizen is proud of the Indian soldiers and Prime Minister Narendra Modi. She dedicated the 'Tiranga Rally' to the unity and pride of the country, which is a message for the entire world. In the early hours of May 7, the Indian Armed Forces conducted strikes at nine terror hideouts in the deep areas of Pakistan and Pakistan Occupied Jammu and Kashmir (PoJK) under the 'Operation Sindoor' in response to the Pahalgam terror attack. (ANI)
India Gazette
16-05-2025
- Politics
- India Gazette
"Terrorists will get befitting reply": Dharmendra Pradhan at 'Tiranga Yatra' in Sambalpur
Sambalpur (Odisha) [India], May 16 (ANI): Union Minister Dharmendra Pradhan on Friday said that the Tiranga Yatra held in Sambalpur was a mark of respect for the Indian Army and Prime Minister Narendra Modi's leadership. 'To express respect for the power of the Indian Army and the leadership of Prime Minister Modi, we have taken out this Tiranga Yatra in Sambalpur. All categories of citizens have participated in this Yatra,' Pradhan said. He further added, 'The message of this procession is that the terrorists who try to meddle with the security of the nation will be given a befitting reply.' Dharmendra Pradhan led the Tiranga Yatra rally in Sambalpur, Odisha, in solidarity with the Indian armed forces. The rally witnessed enthusiastic participation as people joined to express their support and pride for the armed forces. The event aimed to honour the dedication and sacrifices of the defence personnel. On Thursday, BJP MP Naveen Jindal led a 'Tiranga Yatra' at Jindal Steel and Power's Angul steel plant in Odisha. Thousands participated in the patriotic march to honour the Indian Armed Forces following the success of Operation Sindoor. The event was organised to thank India's Armed Forces and Prime Minister Narendra Modi for the success of Operation Sindoor. During the event, Jindal also announced a financial contribution of Rs 5 crores to the families of the security personnel who have lost their lives and to those whose houses have been damaged in J&K. 'In Jindal Steel and Power's Angul steel plant, we conducted a 'Tiranga Yatra' in which thousands of people participated. We aimed to thank our Armed Forces personnel and PM Modi for the success of Operation Sindoor.' During the event, Jindal also announced a financial contribution of Rs 5 crores to the families of the security personnel who have lost their lives and to those whose houses have been damaged in J&K. 'We will be giving a total of Rs 5 crore to the families of the security personnel who have lost their lives and to those whose houses have been damaged in J&K,' he added. Further, Jindal criticised Turkey's stance on the India-Pakistan conflict and said, 'The way Turkey openly supported Pakistan has upset our people, and this will give a major blow to Turkey. I hope Turkey will realise its mistake and correct it.' Meanwhile, BJP workers also organised a 'Tiranga Yatra' in Srinagar. The yatra commenced from Sheri Kashmir Park to Lal Chowk and was led by BJP leader and Chairperson of J-K Waqf Board Darakhshan Andrabi. Darakhshan Andrabi commended the Indian Armed Forces over the success of Operation Sindoor and emphasised that every Indian citizen is proud of the Indian soldiers and Prime Minister Narendra Modi. She dedicated the 'Tiranga Rally' to the unity and pride of the country, which is a message for the entire world. The BJP's 'Tiranga Yatra', which began on Tuesday, will continue till May 23. On Wednesday, the BJP organised the 'Tiranga Yatra' in states such as Uttar Pradesh, Uttarakhand, and Odisha. In the early hours of May 7, the Indian Armed Forces conducted strikes at nine terror hideouts in the deep areas of Pakistan and Pakistan Occupied Jammu and Kashmir (PoJK) under the 'Operation Sindoor' in response to the Pahalgam terror attack. (ANI)
Reuters
30-04-2025
- Business
- Reuters
India's Jindal Steel posts surprise loss on weak steel prices, impairment charges
April 30 (Reuters) - India's Jindal Steel and Power ( opens new tab reported a surprise loss in the fourth quarter on Wednesday, due to one-off impairment charges related to its Australia and Madagascar assets, and weak steel prices. The company reported a consolidated net loss of 3.39 billion rupees ($40.09 million), compared to a profit of 9.35 billion rupees last year. Analysts, on average, had expected a profit of 10.5 billion rupees, according to data compiled by LSEG. The steelmaker incurred one-off expenses of 12.29 billion rupees due to impairment provisions related to its mining assets in Australia and Madagascar. Total revenue from operations fell 2.3% to 131.83 billion rupees on weak steel prices. Expenses dropped 3.3% to 119.45 billion rupees, due to lower cost of raw materials. For more details, click KEY CONTEXT Analysts had expected Jindal Steel's quarterly volume to contract by 2%-5% due to capacity constraints, mainly underutilization at key facilities and ongoing expansion projects. More broadly, domestic steel mills have been struggling with a surge in cheap steel imports. India, the world's second-biggest crude steel producer, was a net importer of finished steel for a second straight year in 2024/25, with nearly 80% coming from China, South Korea and Japan. Imports rose 14.6% last financial year. However, on April 21, the government imposed a temporary 12% tax, known locally as a safeguard duty, on some steel products to protect local producers from a surge in cheap imports, chiefly from China. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 84.5590 Indian rupees
Time of India
28-04-2025
- Business
- Time of India
Odisha may produce over 1/3rd of steel in India by FY31: CM Mohan Charan Majhi
Several domestic steel majors, including Tata Steel , JSW Steel and Jindal Steel and Power are set to add steel production capacities in Odisha over the next few years, CM Mohan Charan Majhi said. South Korean major POSCO, in collaboration with JSW Steel, will also be setting up a steel plant in the state at an investment of '35,000-40,000 crore in the first phase, Majhi told ET in an exclusive interaction. This will mark POSCO's return to the state after its failed attempt to set up a steel plant in 2005. "We plan to have 130 million tonne of steel production in the state by 2030-31. Several plants are already under construction, and we have also signed several MoUs and are in discussions with several other players," Majhi said. Odisha is currently the largest steel producing state in the country with an annual production of 40 million tonne. The National Steel Policy envisions 300 million tonne of steel production capacity in the country by FY31, and Odisha aims to produce more than a third of the country's steel by then. Jindal Steel and Power, which currently has a 6 million tonne plant in the state's Angul region, is doubling capacity at the unit, which is expected to be commissioned next month. The company eventually plans to add another 13 million tonne of capacity at the unit, making the 25 million tonne unit the largest in the world. While Tata Steel will expand capacities at both Kalinganagar and NINL, JSW Steel is developing an integrated steel plant of over 13 million tonne at Paradip. AM/NS India, too, is setting up a 24 million tonne plant at Kendrapara. Apart from steel, chemicals, petrochemicals, textiles and agri industry players will invest in the state, he said. "There will be several ancillaries to chemicals and petrochemicals, and these will emerge as an alternative to the steel industry," Majhi said. State-owned IOC , in its largest-ever investment at a single location, will put '61,000 crore to set up a petrochem complex at Paradip. The eastern state will complete 100 years of its creation in 2036, and the state aims to become a $500-billion economy by then, said Majhi. "Our GDP is currently growing at over 7%, and we plan to take this to over 9%, as we create a prosperous and developed Odisha over the next 12 years," he said.
Time of India
27-04-2025
- Business
- Time of India
Odisha may produce over 1/3rd of steel in India by FY31: CM Mohan Charan Majhi
Several domestic steel majors, including Tata Steel , JSW Steel and Jindal Steel and Power are set to add steel production capacities in Odisha over the next few years, CM Mohan Charan Majhi said. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" South Korean major POSCO, in collaboration with JSW Steel, will also be setting up a steel plant in the state at an investment of '35,000-40,000 crore in the first phase, Majhi told ET in an exclusive interaction. This will mark POSCO's return to the state after its failed attempt to set up a steel plant in 2005. "We plan to have 130 million tonne of steel production in the state by 2030-31. Several plants are already under construction, and we have also signed several MoUs and are in discussions with several other players," Majhi said. Odisha is currently the largest steel producing state in the country with an annual production of 40 million tonne. The National Steel Policy envisions 300 million tonne of steel production capacity in the country by FY31, and Odisha aims to produce more than a third of the country's steel by then. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Jindal Steel and Power, which currently has a 6 million tonne plant in the state's Angul region, is doubling capacity at the unit, which is expected to be commissioned next month. The company eventually plans to add another 13 million tonne of capacity at the unit, making the 25 million tonne unit the largest in the world. While Tata Steel will expand capacities at both Kalinganagar and NINL, JSW Steel is developing an integrated steel plant of over 13 million tonne at Paradip. AM/NS India, too, is setting up a 24 million tonne plant at Kendrapara. Live Events Apart from steel, chemicals, petrochemicals, textiles and agri industry players will invest in the state, he said. "There will be several ancillaries to chemicals and petrochemicals, and these will emerge as an alternative to the steel industry," Majhi said. State-owned IOC , in its largest-ever investment at a single location, will put '61,000 crore to set up a petrochem complex at Paradip. The eastern state will complete 100 years of its creation in 2036, and the state aims to become a $500-billion economy by then, said Majhi. "Our GDP is currently growing at over 7%, and we plan to take this to over 9%, as we create a prosperous and developed Odisha over the next 12 years," he said.
