Meanwhile, the Indian National Centre for Ocean Information Services (INCOIS) issued high sea waves, up to 4.7 metres high, warning across several coastal districts.
'About $8.5 billion in free cash, about $3 billion as annual debt refinancing, and $3 billion-4 billion in fresh borrowing. An additional $1.6 billion-1.8 billion will come from development profits in 2025-26.'
Adani Group on Tuesday committed to investing Rs 2.3 lakh crore over the next five years across power, cement, industrial parks, aluminium and city gas expansion in Odisha. According to a statement by the group, the investment commitment was made during Utkarsh Odisha 2025 - the state's investor meeting.
Adani Ports has agreed to acquire DhamraPort in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore.
Sources in Greenpeace said the representatives of different environmental NGOs are meeting Tata Steel MD B Muthuraman next month. Despite the allegations from various quarters that it has twisted facts and forged reports about the presence of rare Olive Ridley turtles near Dhamra coast in Orissa -- the site where Tatas with partner L&T are developing Rs 2,400-crore (Rs 24 billion) port -- global environmental NGO Greenpeace is bracing for its next phase of action, which may w
Glimpses of the preparations in Odisha and West Bengal for Cyclone Dana which is expected to make landfall between October 24 and 25.
Heavy rains packed with gusty winds lashed Odisha and parts of southern West Bengal as the landfall process of the severe cyclonic storm Dana was complete on Friday morning with no loss of life.
West Bengal Chief Minister Mamata Banerjee on Friday said that one person died in the state in cyclone Dana, even as the administration evacuated around 2.16 lakh people from the low-lying areas.
The state government has directed a joint assessment of crop loss due to the cyclone by officials of the agriculture and revenue departments, he said.
Odisha Chief Minister Mohan Charan Majhi on Friday claimed that the state has achieved its 'Zero Casualty Mission' as there has been no report regarding any loss of human life or injury in the severe cyclonic storm Dana which made landfall in the coast on Thursday night.
The landfall process of the severe cyclonic storm Dana was complete on Friday morning and the system took at least eight and half hours to enter the landmass, India Meteorological Department (IMD) said.
The cyclonic storm is likely to make landfall between Bhitarkanika National Park and Dhamra Port in Odisha early Friday with wind speeds of up to 120 kilometres per hour (kmph), it said.
A civic volunteer, identified as Chandan Das (31), died on the spot when he allegedly touched a live wire in Bud Bud in Purba Bardhaman district. The incident happened when he was out with a police team, they said.
However, there was no report of any major damage or casualty so far even as the landfall process started more than an hour ago, the official said.
As Cyclone Dana barrels toward the coasts of Odisha, threatening to impact nearly half of the state's population, the government is racing against time to execute a massive evacuation plan aimed at relocating about 10 lakh people in several coastal districts to safety. In West Bengal, the cyclone is set to bring heavy rainfall in several southern West Bengal districts, including Kolkata, the India Meteorological Department (IMD) has said.
GAIL India's second quarter (Q2FY25) performance met expectations.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
Five days after the tragic triple train accident near this station, it was business as usual in Bahanaga Bazar with a handful passengers, including a few sightseers thronging the tiny way station.
The weather system moved west-northwestward and concentrated into a depression on Saturday at 8.30am, close to west of Andaman Islands, the bulletin said.
One person died "accidentally" when he had gone out fishing, she said.
Odisha is bracing for heavy rainfall early next week under the impact of a possible cyclone in the Bay of Bengal, which is likely to skirt the state and move towards West Bengal and Bangladesh, the Indian Meteorological Department (IMD) said on Friday.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
The Integrated Test Range of Defence Research and Development Organisation (DRDO) has taken various measures to protect its facilities at Chandipur and Abdul Kalam Island in Odisha, which are likely to be affected by cyclone 'Yaas', an official said.
IMD Director General Dr Mrutyunjay Mohapatra said that 'Yaas' is likely to intensify into a Very Severe Cyclonic Storm by Tuesday evening and Chandbali is likely to witness the maximum damage caused by it.
The airport issued a notice to airmen on Tuesday to alert airlines that its flight operations will be suspended from 11 pm to 5 am on Thursday.
The IMD has also issued a red-coded warning alert to the Odisha and West Bengal coasts.
West Bengal and Odisha have evacuated lakhs of people from vulnerable areas to safety as severe cyclonic storm 'Yaas' is nearing the coast and is expected to make landfall near Dhamra Port in Bhadrak district early on Wednesday morning.
The Eastern Railway has cancelled the departure of Howrah-New Delhi AC Special Express for Wednesday.
Tata and L&T's upcoming Dhamra Port is already taking away business.
The location of the landfall is north of Dhamra and south of Bahanaga, close to Bahanaga block, on the coast, around 50 km of Balasore, he said.
Total, which had a few weeks back exited Royal Dutch Shell-led Hazira LNG import terminal in Gujarat, will join Adani in developing a 5 million tonnes a year import facility at Dhamra in Odisha. The two will also set up a joint venture to roll out a fuel retail network of 1,500 outlets, mostly on highways, in the next 10 years, Adani and Total said in a joint statement.
He recalled that the state was home to Vaishali, said to be the oldest republic in the world.
BC Tripathi, who helms India's largest natural gas marketer and transporter -- GAIL, discusses last-mile connectivity to homes with Jyoti Mukul and Shine Jacob.
Hundreds of people complained that they had to go without food and sleep in the aftermath of cyclone, which has wreaked havoc in Bengal, as their homes lay inundated amid heavy showers that continued to pummel several parts of the state.
It announced a Rs 4,400-crore (Rs 44-billion) acquisition of the Dhamra port the day election results gave Prime Minister Narendra Modi a superlative win.
French oil and energy group Total has agreed to a $2.5 billion deal that includes buying a 20 per cent minority stake in Adani Green Energy Ltd (AGEL) from Adani Group, as it builds up its presence in the renewable energy sector. The deal involves Paris-based Total getting a board seat in the largest solar energy developer in the world, as well as a 50 per cent stake in a 2.35 gigawatts portfolio of operating solar assets, the two firms said in statements. Total had in 2018, agreed to buy a 37.4 per cent stake in Adani Gas Ltd - the city gas distribution firm of the Adani Group, and a 50 per cent stake in the billionaire Gautam Adani-run ports-to-energy conglomerate's under-construction Dhamra LNG project in Odisha.
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.
'It is the most prone month for the development of cyclones in the pre-monsoon period.'
While companies in India are busy using the platform provided by movies to promote their brands and products, home-grown steel major Tata Steel has sponsored a commercial film to talk about environmental issues. Hello Zindagi, a movie venture supported by Tata Steel and Dhamra Port Company Ltd, which released on March 5, highlights the sensitive issue of the conservation of Olive Ridley turtles in the story.
Save the environment is the latest brand promotion mantra.
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