Odisha Ports Drive Trade, Rs 16.5 Billion Investment Secured

29 Jul 2025 CW Team

Odisha’s maritime trade and logistics capabilities have significantly advanced, both in domestic and international spheres, driven by strategic policies of the Odisha Maritime Board and Commerce & Transport Department, officials said on Saturday.

Cargo handling capacity at non-major ports has reached 80 million tonnes per annum (MTPA), with Dhamra Port handling 46.08 MTPA and Gopalpur Port managing 6 MTPA in FY 2024–25. This has yielded Rs 3.06 billion in revenue for the state. Meanwhile, Paradip Port Authority retained its position as India’s largest cargo-handling major port with 150.41 MTPA during the same period.

Odisha’s modernisation efforts include deeper berths and advanced port technologies, enhancing global trade integration and coastal connectivity. Improved feeder services are ensuring last-mile delivery to industrial and agricultural zones.

A concession agreement with JSW Utkal Steel Ltd for a captive jetty to support its integrated steel plant will bring Rs 2.10 billion in investment and generate employment for around 3,450 people. Separately, a revised agreement with Gopalpur Ports Ltd following a 95 per cent equity transfer to Adani Ports & SEZ will attract Rs 16.55 billion in investment and create approximately 5,000 jobs.

In support of a skilled maritime workforce, simulators have been installed at the Crew Training Institute, Chandbali, and Odisha Maritime Academy. Additionally, the Directorate of Ports & Inland Water Transport has distributed nearly 35,000 life-saving devices to boat operators with a 95 per cent subsidy to improve inland water safety.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..