Odisha to Build Ship Recycling Hub, Ports, and Boost Rail Connectivity
PORTS & SHIPPING

Odisha to Build Ship Recycling Hub, Ports, and Boost Rail Connectivity

The Odisha government has announced plans to develop a Rs 40 billion ship recycling hub near the Paradip port, alongside the establishment of two new ports with private sector collaboration, according to Hemant Sharma, Principal Secretary of the Industry Department. The state is also preparing to support investments in railway infrastructure to facilitate the evacuation of minerals and coal. Sharma noted that hydrogen manufacturing facilities in Odisha are set to commence production by the end of 2026. A major shipbuilding and repair centre will be developed in partnership with the Paradip Port Authority (PPA). Additionally, the new ports, located at Inchuri in North Odisha and Bahuda in South Odisha, will each have a capacity of at least 40 million tonnes. Odisha is also focusing on the technology sector, with plans to encourage the development of data centres and global capability centers (GCCs). The government is drafting policies for both initiatives and has allocated 250 acres south of Bhubaneswar to establish an electronic city. On rail infrastructure, Sharma revealed that the Haridaspur-Paradip railway line is being doubled under a Special Purpose Vehicle (SPV) with state equity involvement. The state is committed to providing additional equity if necessary to expedite critical projects. He added that the current railway corridors are adequate to handle the existing coal transportation needs. These initiatives are part of Odisha’s broader strategy to enhance industrial and infrastructure capabilities while attracting private investment. (ET)

The Odisha government has announced plans to develop a Rs 40 billion ship recycling hub near the Paradip port, alongside the establishment of two new ports with private sector collaboration, according to Hemant Sharma, Principal Secretary of the Industry Department. The state is also preparing to support investments in railway infrastructure to facilitate the evacuation of minerals and coal. Sharma noted that hydrogen manufacturing facilities in Odisha are set to commence production by the end of 2026. A major shipbuilding and repair centre will be developed in partnership with the Paradip Port Authority (PPA). Additionally, the new ports, located at Inchuri in North Odisha and Bahuda in South Odisha, will each have a capacity of at least 40 million tonnes. Odisha is also focusing on the technology sector, with plans to encourage the development of data centres and global capability centers (GCCs). The government is drafting policies for both initiatives and has allocated 250 acres south of Bhubaneswar to establish an electronic city. On rail infrastructure, Sharma revealed that the Haridaspur-Paradip railway line is being doubled under a Special Purpose Vehicle (SPV) with state equity involvement. The state is committed to providing additional equity if necessary to expedite critical projects. He added that the current railway corridors are adequate to handle the existing coal transportation needs. These initiatives are part of Odisha’s broader strategy to enhance industrial and infrastructure capabilities while attracting private investment. (ET)

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Infrastructure Urban

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement