Odisha Achieves Rs 50,000 Crore Mining Revenue in the Financial Year 2021-22, Announces Chief Secretary

Odisha Chief Secretary P K Jena announced a significant milestone in the state’s economic landscape during the 77th annual technical meeting of the Indian Institute of Metals. The mining sector, a crucial contributor, has propelled Odisha’s revenue from Rs 4,900 crore in 2016-17 to an impressive Rs 50,000 crore in the fiscal year 2021-22.

Historic Revenue Surge

• Jena emphasized the transformative journey of the mining sector, highlighting a remarkable ten-fold increase in revenue over the past five years.
• The surge from Rs 4,900 crore to Rs 50,000 crore showcases the sector’s pivotal role in reshaping Odisha’s financial fortunes.

Commitment to Metal Industry

• Acknowledging the strategic importance of metals and metallurgical infrastructure, Jena assured continued support for the industry.
• He expressed the state’s commitment to fostering technological advancements and collaboration with research institutions, signaling a proactive approach to industry development.

Sustainable Vision

• Jena outlined Odisha’s recognition of the need for the metal industry to undergo a sustainable transformation.
• Emphasizing the importance of green metal, eco-friendly mining practices, efficient processes, and waste recycling, he stressed the state’s commitment to minimizing adverse environmental impacts.

Industry Metamorphosis

• In line with the industry’s evolving needs, Satish Pai, President of the Indian Institute of Metals, urged for a “metamorphosis” in the metal sector.
• The conference’s theme, ‘Sustainable Transformations in Metal Industries,’ serves as a rallying call for environmentally responsible practices within the industry.

Three-Day Conference Overview

• The ongoing three-day event, commencing on November 22, features 60 distinguished national and international speakers addressing various sessions.
• With nearly 700 technical paper presentations, the conference serves as a platform for knowledge exchange.
• Over 1,300 participants, including government officials, PSUs, corporate leaders, and research institutions, are actively engaged in the event.

Award Ceremony Highlights

• The awards ceremony, attended by Union Minister of State for Steel and Rural Development Faggan Singh Kulaste, recognized excellence in five categories.
• These included Lifetime Achievement, National Metallurgist, R&D in Iron and Steel Sector, Young Metallurgist in Metal Science, and Young Metallurgist in Environmental Science.

Upcoming Address by Dignitary

• Ajit Kumar Mohanty, Chairman of the Atomic Energy Commission and Secretary of the Department of Atomic Energy, is scheduled to address the gathering on November 24, providing further insights into the sector’s future trajectory.