Odisha Plans Rs 46.2 Billion Port and Shipyard Projects
PORTS & SHIPPING

Odisha Plans Rs 46.2 Billion Port and Shipyard Projects

The Odisha Government, in partnership with the Paradip Port Authority, has announced plans to establish two major maritime projects — a port at Bahuda in Ganjam district and a shipbuilding and repair yard at the Mahanadi river mouth — with a combined investment of Rs 46.2 billion, Chief Minister Mohan Charan Majhi said on Wednesday.

The proposed Bahuda Port will involve an investment of Rs 21.5 billion, while the shipbuilding and repair yard will require Rs 24.7 billion. Additionally, the state government will set up a world-class cruise terminal in Puri to strengthen Odisha’s position as a major hub for trade, tourism, and industrial growth.

Speaking at the Boita Bandana Utsav in Paradip, the Chief Minister highlighted that the Paradip Port has become the gateway to Odisha’s progress and a key driver of its economy. He noted that the port’s cargo handling capacity has more than doubled, increasing from 71 million tonnes in 2015 to 150 million tonnes in 2025.

Majhi described Boita Bandana and Bali Jatra as more than cultural festivals, calling them living symbols of Odisha’s rich maritime legacy and the indomitable spirit of the ancient Sadhabas, the seafarers of Kalinga who once sailed to Southeast Asia.

Under the Maritime India Vision 2030, Paradip Port aims to handle 300 million tonnes annually, and by Viksit Bharat 2047, its capacity is projected to reach 500 million tonnes, transforming it into a Mega Port.

In alignment with the Government of India’s Sagarmala, Gati Shakti, and National Logistics Policy, the state is actively building a port-led economy. The government is also developing Coastal Economic Zones across districts to promote regional trade and investment.

Industries, Skill Development, and Technical Education Minister Sampad Chandra Swain said the state is prioritising industrial growth, infrastructure, employment generation, and skill development linked to port-based economic activity.

Jagatsinghpur MP Bibhu Prasad Tarai added that Paradip is poised to become a centre of industrial, educational, and transport infrastructure, transforming the economic landscape of both Jagatsinghpur district and the entire state.

The Odisha Government, in partnership with the Paradip Port Authority, has announced plans to establish two major maritime projects — a port at Bahuda in Ganjam district and a shipbuilding and repair yard at the Mahanadi river mouth — with a combined investment of Rs 46.2 billion, Chief Minister Mohan Charan Majhi said on Wednesday. The proposed Bahuda Port will involve an investment of Rs 21.5 billion, while the shipbuilding and repair yard will require Rs 24.7 billion. Additionally, the state government will set up a world-class cruise terminal in Puri to strengthen Odisha’s position as a major hub for trade, tourism, and industrial growth. Speaking at the Boita Bandana Utsav in Paradip, the Chief Minister highlighted that the Paradip Port has become the gateway to Odisha’s progress and a key driver of its economy. He noted that the port’s cargo handling capacity has more than doubled, increasing from 71 million tonnes in 2015 to 150 million tonnes in 2025. Majhi described Boita Bandana and Bali Jatra as more than cultural festivals, calling them living symbols of Odisha’s rich maritime legacy and the indomitable spirit of the ancient Sadhabas, the seafarers of Kalinga who once sailed to Southeast Asia. Under the Maritime India Vision 2030, Paradip Port aims to handle 300 million tonnes annually, and by Viksit Bharat 2047, its capacity is projected to reach 500 million tonnes, transforming it into a Mega Port. In alignment with the Government of India’s Sagarmala, Gati Shakti, and National Logistics Policy, the state is actively building a port-led economy. The government is also developing Coastal Economic Zones across districts to promote regional trade and investment. Industries, Skill Development, and Technical Education Minister Sampad Chandra Swain said the state is prioritising industrial growth, infrastructure, employment generation, and skill development linked to port-based economic activity. Jagatsinghpur MP Bibhu Prasad Tarai added that Paradip is poised to become a centre of industrial, educational, and transport infrastructure, transforming the economic landscape of both Jagatsinghpur district and the entire state.

Next Story
Infrastructure Urban

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Next Story
Infrastructure Energy

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Next Story
Infrastructure Urban

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement