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Recent Current Affairs related to Odisha

22 News
24 April 2026 BUSINESS

The Board of JSW Steel Ltd has approved a proposal to form a 50:50 Joint Venture (JV) with the South Korea-based POSCO Group to establish an integrated steel plant in Odisha. The proposed plant will have a production capacity of 6 Million Tonnes Per Annum (MTPA).

Saffron Resources Pvt Ltd, a wholly-owned subsidiary of JSW Steel, will transition into the JV entity through a share subscription and joint venture agreement.

17 April 2026 STATE

The Odisha government has signed an MoU with the National Centre for Coastal Research (NCCR), an agency under the Ministry of Earth Sciences, to implement a specialized Marine Spatial Plan (MSP).

The MSP aims to maintain a balance between the coastal economy and the marine environment of the state. It is to be noted that Odisha is the first state in India to initiate the second phase of the national sustainable ocean planning initiative.

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