UAE’s First Arrival of Break-Bulk Metals at Fujairah Port Led by Metal Park

UAE, 2 April 2026 – Metal Park has successfully received its first break-bulk cargo of metals at Fujairah Port, marking a further extension of its operational footprint and reinforcing the continuity of metal flows across the UAE.

This development builds on Metal Park’s existing logistics capabilities, which have consistently enabled the import, storage, distribution, and export of metals across multiple entry points in the country. The Fujairah operation adds further flexibility to an already established system, supporting stable cargo movement and supply chain continuity.

UAE’s First Arrival of Break-Bulk Metals at Fujairah Port Led by Metal Park

 

Operations remain uninterrupted.

Supply chains remain active.

Metal Park continues to manage metal flows through an integrated approach that connects port handling, inland logistics, storage infrastructure, and distribution within a single operational framework. This allows materials to move efficiently from vessel discharge through to end-market delivery.

A key component of this system is Metal Park’s Storage Hub, operating as an independent fulfilment centre dedicated to metals. The facility supports flexible storage based on metric tonne (MT) or cubic metre (CBM) per day, allowing users to manage inventory without reliance on fixed space or long-term commitments.

The platform also incorporates structured documentation and inventory management processes, including standardised handling of goods receipt, issuance, delivery documentation, and reporting, ensuring traceability and operational clarity across the supply chain.

In parallel, Metal Park has activated access to trade finance facilities of up to USD 50 million, supporting metal and steel producers, traders, processors, and fabricators in maintaining operational continuity and managing working capital requirements.

The combined logistics, storage, and financial framework allows industry participants to sustain operations, adapt to changing conditions, and maintain steady material flow across the UAE and the wider region.

Metal Park remains fully operational, with all services continuing on schedule.

 

Metacarpal Adds Certified Prosthetist to Strengthen North American Expansion

CHICAGO, Ill. (April 2. 2026) – Metacarpal, a leading medical device manufacturer specializing in body-powered upper-limb prosthetics, added Léa Richer, MSOP, CPO, as Product Support Liaison for its North American team. Richer joined the company to support the expansion of Metacarpal’s GEM prosthetic hand in U.S. and Canadian markets while working with clinicians and limb loss communities across the United States.

In her role with Metacarpal, Richer will focus on clinical education and support, helping prosthetists, therapists, and care teams understand where the Metacarpal GEM can fit within care pathways and how to optimize outcomes for appropriate patients. Her path to orthotics and prosthetics represents her third career, inspired partly by her personal experience wearing a scoliosis brace as a teenager. Her academic training in medical anthropology and history gives her insight into how medical devices impact patients’ lives beyond their technical specifications.

Metacarpal Adds Certified Prosthetist to Strengthen North American Expansion

 
“Seeing patients’ eyes light up when they realize how much the GEM could improve their day-to-day life is incredibly rewarding,” said Richer. “My role is to ensure that clinicians have the knowledge and confidence they need to recommend this technology to their patients, and that patients understand how it can fit into their specific lifestyle and goals.”

Richer brings extensive clinical experience in orthotics and prosthetics, including three and a half years as a Certified Orthotist Prosthetist at Edward Hines Jr. VA Hospital in Illinois. She completed specialized training through NCOPE-certified residencies at VA Portland Health Care System, where she served as Lead Resident nationally and coordinated research examining associations between mental health and prosthetic use. Metacarpal’s U.S. presence continues to grow as more clinics explore the Metacarpal GEM for patients who need a robust, mechanically intuitive option for partial hand difference.

“Léa is instrumental in our North American expansion because she bridges the gap between clinical expertise and patient advocacy,” said Fergal Mackie, founder and CEO of Metacarpal. “Her experience as a Certified Orthotist Prosthetist, combined with her background in medical anthropology and history, makes her passionate about informed decision-making in healthcare for both patients and clinicians. This perspective directly supports our mission to rebuild trust in prosthetics.”

Richer’s appointment coincides with Metacarpal’s recent U.S. launch in January and OrtoPed’s distribution partnership in Canada in February. Her fluency in French and English, along with conversational Spanish skills, will help the company serve diverse patient populations across North America.

For clinicians and clinics interested in learning more, please visit www.metacarpalprosthetics.com. 

Gradiant Wins Major Water Contract for UK Hyperscale Data Center

Business Wire India

Gradiant, a global leader in advanced water and wastewater solutions, has been awarded a contract to design and deliver a water treatment facility for a hyperscale data center in Didcot, Oxfordshire, in the United Kingdom. The project will support one of the world’s foremost AI and cloud infrastructure providers and is being developed on the site of a former power station.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260402848011/en/

 

 

Gradiant will design and deliver a water treatment facility for one of the world’s foremost AI and cloud infrastructure providers, ensuring reliable cooling operations while reducing water use and environmental impact.

Gradiant will design and deliver a water treatment facility for one of the world’s foremost AI and cloud infrastructure providers, ensuring reliable cooling operations while reducing water use and environmental impact.

 

As data center growth accelerates, water is becoming a defining constraint on where and how data centers can be built and scaled. Operators are increasingly seeking partners who can ensure reliable water performance across the entire site. Gradiant will deliver an integrated solution covering treatment, recycling, and zero liquid discharge. The system is designed to ensure reliable cooling operations while reducing water use and environmental impact.

 

The project underscores Gradiant’s Site-Wide Peace of Mind approach, taking full ownership of water performance across the entire facility. Rather than treating water as a standalone utility, Gradiant delivers comprehensive water management, integrating treatment, reuse, and operational reliability into a single, accountable partner. This approach reduces risk, simplifies operations, and ensures consistent performance in increasingly resource-constrained environments.

 

 

“This project reflects how we combine deep regional expertise with Gradiant’s global technology platform to deliver critical infrastructure with confidence,” said Philipp Sausele, Managing Director of Gradiant Europe. “Our teams understand the local regulatory, environmental, and operational landscape, while leveraging proven solutions deployed worldwide. That balance of global strength and local focus is what enables us to execute reliably at scale.”

 

 

“AI is driving one of the largest infrastructure buildouts in history, and water is quickly becoming the limiting factor,” said Prakash Govindan, CEO of Gradiant. “At Gradiant, we are building the water backbone for the next generation of industry. This project reflects our strategy to partner with leading infrastructure players to deliver resilient, sustainable solutions where reliability is non-negotiable.”

 

 

This project further strengthens Gradiant’s role at the intersection of water and AI infrastructure, where performance, sustainability, and reliability are essential to success.

 

 

About Gradiant

 

 

Gradiant is a Different Kind of Water Company. With a full suite of differentiated and proprietary end-to-end solutions for advanced water and wastewater treatment powered by the top minds in water, the company serves its clients’ mission-critical operations in the world’s essential industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy. Gradiant’s innovative solutions reduce water used and wastewater discharged, reclaim valuable resources, and renew wastewater into freshwater. The Boston-headquartered company was founded at MIT and has over 1,400 employees worldwide. Discover us at gradiant.com.

 

 

 

 

 

Visa Defines the Next Era of Commerce: When AI Becomes the Customer

Business Wire India

A majority of business leaders are preparing for a world where artificial intelligence doesn’t just assist commerce, it participates in it. New research from Visa (NYSE:V) underscores how quickly that shift is gaining momentum.

 

The Visa Business-to-AI (B2AI) Report, conducted in conjunction with Morning Consult, highlights how AI is already influencing demand. Nearly 40% of Americans have made a purchase they normally would not have considered as a result of using an AI agent or tool. This is an early indication that intelligent systems are beginning to shape how people discover and decide what to buy.

 

 

The new report also reveals that 53% of U.S. businesses in the survey would allow AI agents to negotiate prices or terms directly with other AI agents on their behalf, signaling that AI-to-AI commerce is poised to scale.

 

 

At the same time, 71% of businesses say they are willing to optimize products, offers and experiences specifically for AI agents, while 77% are already using or piloting AI in their operations.

 

 

Why B2AI Has Arrived

 

 

Visa defines this next phase of commerce as B2AI, an emerging economic model in which AI agents act as active participants in commercial decision-making and execution, while humans remain accountable for intent and outcomes.

 

 

“Commerce is moving from market-to-human to market-to-machine,” said Frank Cooper III, Chief Marketing Officer at Visa. “B2AI describes what happens next as AI agents begin evaluating, negotiating and transacting on behalf of people. In that world, as always, trust becomes the critical infrastructure. If we don’t build it into machine-mediated commerce, adoption stalls.”

 

 

AI Is Moving from Assistant to Economic Proxy

 

 

For years, AI has optimized recommendations and streamlined operations. The new data suggests it is now crossing into decision-making territory. Among business decision-makers surveyed:

 

 

  • 53% would permit AI agents to negotiate directly with other AI agents
  • 88% are willing to provide pricing or inventory data to enterprise AI systems
  • 55% are already familiar with the concept of B2AI commerce

 

This signals a turning point: brands are no longer just marketing to humans — they are preparing to transact more freely with intelligent systems acting on behalf of customers and enterprises.

 

Consumers Are Ready, with Guardrails

 

 

On the consumer side, acceptance is accelerating, but trust remains the defining factor for full adoption. The report found:

 

 

  • 58% of Americans are comfortable with AI comparing prices
  • 55% are comfortable with AI applying discounts
  • 38% are comfortable with AI completing a purchase

 

Meanwhile:

 

  • Only 27% are comfortable allowing AI to spend money autonomously without limits
  • 60% would not allow AI to spend any amount without approval

 

“The message is unmistakable: people are open to AI acting for them, not instead of them,” added Cooper. “Our findings show that trust is the adoption switch for agentic commerce. Consumers are willing to let AI act on their behalf, but only when they retain visibility, control and the ability to intervene.”

 

Notably, trust increases significantly when financial institutions are involved:

 

 

  • 36% trust bank-backed AI systems
  • 35% trust payment network-enabled AI
  • Only 28% trust independent AI agents

 

Generation Acceleration

 

The shift is especially pronounced among younger consumers.

 

 

Nearly half of Gen Z (48%) say they trust payment network-enabled AI systems, compared to only 20% of Boomers. Among Gen Z and Millennials using AI shopping assistants, nearly half report making purchases they wouldn’t otherwise have considered due to AI recommendations.

 

 

A Defining Moment for Commerce

 

 

The data signals that AI is shifting from support system to transaction participant. Businesses are preparing for it. Consumers are cautiously embracing it. Trust will determine how fast it scales.

 

 

To learn more about the report, visit here.

 

 

Methodology

 

 

This survey was conducted between January 29th to February 6th, 2026, among a sample of 2,000 Gen Pop Adults in the U.S. and 512 Business Decision Makers in the US. The interviews were conducted online and the results from the full survey have a margin of error of plus or minus 2 percentage points for Gen Pop and plus or minus 4 points for Business Decision Makers. The Gen Pop results are weighted to the U.S. general population based on gender, age, race/ethnicity, region, and education. The Business Decision Maker results are unweighted.

 

 

About Visa

 

 

Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

 

 

 

 

Agrisankalp 2026 Organised by ISAP India Foundation and OCP Foundation, Unites Agricultural Leaders to Champion Climate-Resilient and Smart Agriculture

Business Wire India

ISAP India Foundation, in collaboration with OCP Foundation, successfully organized a national-level workshop titled “Agrisankalp – Climate Resilient Soil & Smart Agriculture” at The Ashok Hotel, New Delhi. The event brought together a diverse group of stakeholders — including policymakers, scientists, industry leaders, development practitioners, Farmer Producer Organizations (FPOs), and progressive farmers — to deliberate on sustainable agricultural practices and future-ready farming solutions.

The workshop served as a platform to showcase key learnings, field-level insights, and outcomes from ongoing interventions across Rajasthan, Karnataka, and Maharashtra, supported by OCP Foundation. These initiatives focus on promoting balanced fertilization, soil health management, climate-resilient practices, and strengthening farmer institutions for improved livelihoods. The event aligns with India’s broader vision of achieving sustainable agricultural growth and contributes to the national goal of building a climate-resilient and food-secure future under the vision of Viksit Bharat 2047.

Opening the Dialogue

The workshop commenced with a traditional lamp lighting ceremony, followed by welcome and inaugural addresses from leadership of both organizations. The opening session framed the day’s agenda — articulating the significance of the Agrisankalp initiative, the expected outcomes, and the critical role of balanced fertilizer management in building sustainable and climate-resilient agriculture in India.

“Our collaboration with ISAP reflects a shared vision of enabling farmers to adapt to climate challenges while improving productivity and incomes. Knowledge dissemination and local partnerships are key to driving this transformation.” — Hassina Moukhariq, Director – International Development, OCP Foundation.

“India stands at an important inflection point in its agricultural journey. Transitioning towards a Direct Benefit Transfer (DBT) crop-neutral incentive scheme presents a transformative opportunity to promote balanced fertilizer use, restore soil health, and encourage crop diversification. Placing regenerative agriculture and collective responsibility at the core of our food systems will be essential to securing a productive and sustainable agricultural future for the nation.” — Ashok Gulati, Distinguished Professor, ICRIER

“Our 17-year journey with OCP Foundation, beginning in 2009 in Northern Karnataka, has been a testament to the power of sustained collaboration. From Northern Karnataka to South Eastern Rajasthan, and now to Maharashtra in 2025, we have harnessed Information Communication and Technology (ICT) tools and community-based interventions to place smallholder farmers at the heart of agricultural transformation.” — Bhaskar Natarajan, Chairman, ISAP India Foundation

“Agrisankalp is not just a dialogue platform — it is a commitment to building resilient agricultural systems. By connecting science with grassroots realities, we aim to empower farmers with knowledge, innovation, and sustainable practices.” — Gaurav Vats, Director – COO, ISAP India Foundation

A Day of Substantive Dialogue

The technical proceedings unfolded across six thematic sessions. The first session, on Fertilizer Landscape and Policy Challenges, examined the current state of India’s agrochemicals and fertilizer sector, with a focus on N:P:K imbalances and their consequences for soil health and productivity. Experts from Farmgate Technologies Pvt ltd, Krishitantra, IFPRI, ICAR-NIAP, and the Agro Chem Federation participated in the panel discussion, deliberating on subsidy frameworks and policy reforms needed to sustain India’s food systems.

This was followed by a session on Linking Fertilizer Practices to Farm-Level Impact, which drew from field trial evidence presented by scientists from IARI, KVK Kalaburagi and SKNAU. The session highlighted how fertilizer imbalances directly affect farm income and crop productivity, engaging participants in an interactive reflection on the ground-level challenges of adopting balanced nutrition practices.

The afternoon session on Empowering Farmers through Livelihood and Collective Models spotlighted the role of FPOs, collectivization, and market linkages in improving smallholder incomes. Representatives from Walmart Foundation, Jindal Foundation, NAFED, DS Group, and NABARD explored value chains and collective bargaining models, identifying scalable approaches for replication across regions.

A session on Mechanization and Technology for Smallholders showcased affordable precision agriculture tools and custom hiring centre models accessible to small farmers. Speakers from CNH, EKL, Farmart, and ASCI demonstrated practical solutions to optimize fertilizer application, reduce input waste, and improve overall productivity.

The penultimate session focused on Building Climate Resilience, where experts from Grow Indigo, Takachar, and CIFOR-ICRAF examined the cascading impacts of climate change on cropping systems, water availability, and nutrient dynamics. The session underscored how proper fertilizer use can strengthen crops against climate stress and presented scalable climate-smart practices for adoption at the field level.

A Collective Commitment

The workshop concluded with a Way Forward and Commitments session, synthesizing the day’s key insights and formalizing a declaration of shared action points. A collaborative roadmap for continued partnership between ISAP, OCP Foundation, and all stakeholders was outlined, with participants invited to articulate one actionable idea to implement post-event — reinforcing the spirit of collective responsibility.

FPO representatives also shared on-ground experiences throughout the day, demonstrating the tangible impact of improved practices and institutional support. Through initiatives like Agrisankalp, ISAP India Foundation and OCP Foundation reaffirm their commitment to strengthening agricultural ecosystems, enhancing farmer resilience, and contributing to sustainable rural development across India.

The ROI of Hybrid Mesh Network Security: How Enterprises Are Cutting Costs and Reducing Risk in 2026

By Mor Ahuvia, Office of the CTO

To move fast without losing control, enterprises need a Hybrid Mesh Network Security architecture. But for CISOs and CIOs, the challenge is clear: How do you demonstrate measurable business value from adopting hybrid mesh security? Analyst firm IDC interviewed security leaders from global business organizations to uncover the business impact of moving to a flexible, hybrid mesh security infrastructure.

Enterprise networks have become sprawling ecosystems that overwhelm security teams, driving reaction over prevention, while adding tools only compounds complexity. To support initiatives like AI transformation, stay competitive,and ensure leadership in their respective markets, enterprises need a Hybrid Mesh Network Security architecture that offers a single control plane for managing firewalls across complex, hybrid and remote digital environments.

Download the IDC Business Value of Hybrid Mesh | Check Point Software

Cyber security budgets are set to increases in 2025. That said, boards still expect to see the business justification of those increased budgets.

So where do you start?

In its 2026 IDC Business Value of Check Point Hybrid Mesh Network Security Solutions study, the analyst firm uncovers how organizations realized tangible, quantitative results by adopting a hybrid mesh architecture.

What is Hybrid Mesh Network Security Architecture?

Check Point’s Hybrid Mesh Network Security (“Hybrid Mesh”) is an architectural approach that applies consistent security controls across all connectivity points—data center, cloud, branch, remote users, and applications—managed from a unified platform. It is designed to empower enterprises by applying security controls wherever network connectivity exists. Rather than forcing all traffic through a single inspection point, a Hybrid Mesh architecture leverages any combination of hardware and virtual appliance, cloud-based points of presence (PoPs), user and mobile device agents, and browser extensions to reduce risk, simplify operations, and improve performance for day-to-day work. You can learn more Hybrid Mesh here.

Articulating Your Security’s Impact on the Business

The areas studied included IT staff productivity benefits, risk mitigation benefits, business productivity benefits and security and infrastructure cost reductions. Here’s a breakdown:

Benefits from Improved Security Posture

A unified architecture with globally shared threat intelligence enables increased block rates for malware and phishing, and more effective intrusion prevention to stop malicious attempts to exploit software vulnerabilities. Capabilities like tying intel from the wild to organization-specific exposures, and the ability to perform automated remediation also contribute to a stronger security posture and a diminished attack surface. This in turn translates into fewer impactful incidents, 60% to be exact. Since even a single incident can lead to a costly breach, a continuous multi-vendor approach to exposure management makes a difference.

Benefits from IT Staff Productivity Benefits

The ability to centrally manage a complex infrastructure across multiple enforcement points, easily configure policies, and quickly locate issues contribute to lowering the operational overhead of maintaining an acceptable security posture. By adopting a hybrid mesh architecture, organizations realized an average of 78% faster time to incident resolution, 54% less staff time required for patching, and fewer help desk tickets, while securing significantly more terabytes of traffic without additional security products.

Infrastructure Cost Reductions

How much will centrally managing multiple firewall form factors actually save you? Per IDC’s study, consolidating point products into a single hybrid mesh platform reduces cost by 25%, and “Several organizations also highlighted more efficient scaling of security capacity, particularly in hybrid and cloud environments, which has allowed them to avoid disruptive upgrades and better align infrastructure spend with actual demand.” Learn more about cloud-like hyperscalable security here.

Business Productivity Benefits

Business resilience is a key measure of how well organizations, and security teams, respond to adverse digital events. A breach-related outage can easily grind business operations to a halt, resulting in lost revenue from service downtime and lost productivity. By attaining a stronger security posture, with fewer incidents, as well as resolving incidents fasters when they did occur, interviewed organizations were able to cut business downtime by an average of 66% annually, and even increase their bottom line, seeing a 6-month payback on their initial investment in a hybrid mesh architecture and a 314% 3-year ROI.

Know your Architecture’s Worth – Get Started

Hybrid Mesh is how organizations are seizing opportunities, meeting sovereign AI mandates, and migrating from on-prem to cloud and back. Read the full study to uncover how global organizations, from government to financial services to wholesale and others have unlocked more opportunities, supported innovation and increased their bottom line. As a Life Sciences customer from North America put it: “Check Point has increased our agility and confidence … This has delivered operational efficiencies and contributes to hundreds of thousands in additional annual revenue.” 

Tata Communications Maintains a Leader Position for 13th Straight Year in Gartner Magic Quadrant

Mumbai, INDIA, Apr 02: Tata Communications, a leading global communications technology player, proudly announces that it has been recognised as a Leader in the 2026 Gartner® Magic Quadrant™ for Global WAN Services, marking its thirteenth consecutive year of recognition for Completeness of Vision and Ability to Execute. 

Over the past yearTata Communications has continued to redefine its Network fabric through advanced AI and analytics, offering composable, high-speed, on-demand and intent-based connectivity that supports enterprises worldwide across industries such as finance, manufacturing, retail, media, and IT services. Some key advancements include: 

  • Expanded its network-on-demand portfolio with new options such as IZOTM DC Dynamic Connectivity (DC stands for Data Centre), multi-cloud on-demand connectivity, giving enterprises greater flexibility to scale networks as needed
  • Investment in next generation high density single mode fibers and high-capacity capable wavelength services of 800G to meet emerging requirements of AI cloud infrastructure
  • Extended global coverage through strategic partner PoPs, enabling rapid deployment and flexible service expansion in key markets. Collaboration with leading local offnet partners to ensure reliable last-mile connectivity across global regions
  • Strengthened Secure Access Service Edge (SASE) capabilities to address emerging AI-driven threats, including risks such as unauthorised data uploads, ensuring stronger protection for enterprise environments
  • Plan to offer quantum safe encryption services leveraging Post-Quantum Cryptography (PQC) algorithms standardised by NIST, which provide robust security against both classical and quantum attacks 

Genius Wong, Executive Vice President, Core and Next-Gen Connectivity Services & Chief Technology OfficerTata Communications, said: “We are honoured to be recognised for the 13th consecutive year and deeply appreciate the continued trust our customers place in us. At Tata Communications, we will continue to transform our solutions so enterprises can build resilient, high-performance and intelligent digital foundations. With our future-ready, resilient and intelligent Network fabric, enterprises can scale with confidence and thrive in an AI-powered future world.” 

Gartner Disclaimer

GartnerMagic Quadrant for Global WAN Services, Gaspar Valdivia, Karen Brown, Katja Ruud, 16 March 2026. Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates. Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.”

ACFI Urges Duty Clarifications, Chemical Inclusions Amid Supply Chain Pressures

By:- Mr. Kalyan Goswami, DG Agro Chem Federation of India (ACFI)

In light of the ongoing geopolitical situation,we wholeheartedly appreciate the government’s proactive measures and timely interventions to support the nation’s economic and industrial stability and ease of doing business with its decision to exempt various products from the Customs Tariff Act, 1975, through G.S.R. 246(E). These forward-thinking actions are vital for the agrochemical sector to ensure that Indian farmers have an uninterrupted supply of vital agri inputs. Further, we need clarification on whether cargo currently held in bonded facilities in India is eligible for reduced duty rates.

 “ACFI would also strongly recommend the immediate inclusion of several essential chemicals, specifically acetone, acetonitrile xylene, ETFA, and heptane, in the relevant statutory list to ensure continued operational stability across the sector.”

The industry strategy of utilising forward contracts to rapidly build inventory is resulting in hasty buying behaviour, which is exerting pressure across all material supply chains. Current industry inventory levels are projected to be exhausted by August- september 2026 and new inventory will be required soon after. The situation is worsening as vessels are experiencing delays against their scheduled arrival in India. This necessitates extending the order to quarter  to mitigate the impact of these delays on material availability.  

Govt Exceeds FY23 Spending by ₹54,067 Crore; Debt Repayment Drives Overshoot

New Delhi: The Union government exceeded its approved expenditure by ₹54,067 crore in the financial year 2022–23, largely due to higher-than-expected debt repayments, according to a report by the Public Accounts Committee.

The report, recently tabled in the Lok Sabha, highlighted concerns over gaps in budget planning and expenditure management. It noted that despite seeking additional funds through supplementary grants during the year, actual spending still surpassed the sanctioned limits.

A significant portion of the excess—over 99%—was attributed to debt servicing under the Department of Economic Affairs in the Finance Ministry. A smaller share of the overspending was linked to capital expenditure by the Ministry of Railways.

As per parliamentary procedures, the excess expenditure will now require formal approval for regularisation. The development has raised questions about the accuracy of budget estimates and the effectiveness of financial controls within key government departments.

The findings underscore the need for more precise fiscal forecasting and tighter monitoring of public spending to ensure better alignment with approved budgets in the future.

India’s First Coal Gasification-Based Ammonium Nitrate Plant Planned in Odisha

Bhubaneswar/New Delhi: A major industrial boost is on the horizon for Odisha with the signing of a key agreement for a large-scale ammonium nitrate project in Jharsuguda. The project, to be set up in Lakhanpur, is expected to attract an investment of around ₹25,000 crore.

The agreement was signed between Coal Gasification and Chemicals Limited and Mahanadi Coalfields Limited for leasing land required to establish the facility. The signing took place in New Delhi in the presence of Union Coal and Mines Minister G. Kishan Reddy.

The project will come up on nearly 350 acres of land under MCL and is being developed as India’s first coal gasification-based ammonium nitrate plant. It will use indigenous technology developed by Bharat Heavy Electricals Limited, marking a significant step toward self-reliance in the chemicals and energy sector.

Once operational, the plant is expected to produce around 2,000 tonnes of ammonium nitrate per day. The project is being implemented by Coal Gasification and Chemicals Limited, a joint venture involving BHEL and Coal India Limited. Engineering and development work has been assigned to BHEL and Larsen & Toubro, with groundwork already underway at the site.

Officials indicated that preparatory work, including land development and infrastructure setup, is progressing, with a target to complete the project within 42 months.

The initiative is expected to significantly reduce India’s dependence on imported ammonium nitrate while strengthening domestic manufacturing capabilities. It is also likely to generate employment and support industrial growth in the region, positioning Odisha as a key hub for advanced industrial projects.