Odisha to Get New Major Port at Bahuda with Rs 215 Billion Investment

19 Sep 2025 CW Team

The proposed Bahuda port will accommodate dry bulk ships ranging from 40,000 to 150,000 deadweight tonnes and container vessels capable of carrying up to 6,000 TEUs. The project follows a Pre-Techno Economic Feasibility Study conducted by the Odisha government, highlighting the port’s strategic importance in enhancing regional trade and promoting port-led industrialisation.

A memorandum of understanding (MoU) for the project is set to be signed on September 20 in Bhavnagar, Gujarat, in the presence of Prime Minister Narendra Modi. The agreement will bring together key stakeholders, including Paradip and Visakhapatnam port authorities, Sagarmala Finance Corporation Ltd, and the Odisha government.

Sagarmala Finance Corporation Ltd, an NBFC focused on maritime sector development and registered with the Reserve Bank of India, will play a pivotal role in funding the port. The corporation plans to provide short-term, medium-term, and long-term loans to support port modernisation, connectivity, coastal community development, and associated infrastructure projects. The initiative aims to catalyse port-led growth, improve connectivity via road and rail links, and promote industrial development along Odisha’s coastline.

Eastern India already hosts Paradip, Dhamra, and Gopalpur ports, with private ports at Dhamra and Gopalpur operated by Adani Ports and Special Economic Zone Ltd (APSEZ). Additionally, Tata Steel Ltd is developing a port at Subarnarekha Mouth (Kirtania), and Navayuga Engineering Company Ltd is working on a port at Astaranga, reflecting a robust port development ecosystem. The Bahuda project is expected to further strengthen India’s maritime capabilities and economic prospects.

In a major boost to India’s maritime infrastructure, Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Ltd, and the Odisha government will jointly develop a new major port at Bahuda in Odisha’s Ganjam district, with an estimated investment of Rs 215 billion. Once operational, the port will become the 14th major port owned by the Union government.The proposed Bahuda port will accommodate dry bulk ships ranging from 40,000 to 150,000 deadweight tonnes and container vessels capable of carrying up to 6,000 TEUs. The project follows a Pre-Techno Economic Feasibility Study conducted by the Odisha government, highlighting the port’s strategic importance in enhancing regional trade and promoting port-led industrialisation.A memorandum of understanding (MoU) for the project is set to be signed on September 20 in Bhavnagar, Gujarat, in the presence of Prime Minister Narendra Modi. The agreement will bring together key stakeholders, including Paradip and Visakhapatnam port authorities, Sagarmala Finance Corporation Ltd, and the Odisha government.Sagarmala Finance Corporation Ltd, an NBFC focused on maritime sector development and registered with the Reserve Bank of India, will play a pivotal role in funding the port. The corporation plans to provide short-term, medium-term, and long-term loans to support port modernisation, connectivity, coastal community development, and associated infrastructure projects. The initiative aims to catalyse port-led growth, improve connectivity via road and rail links, and promote industrial development along Odisha’s coastline.Eastern India already hosts Paradip, Dhamra, and Gopalpur ports, with private ports at Dhamra and Gopalpur operated by Adani Ports and Special Economic Zone Ltd (APSEZ). Additionally, Tata Steel Ltd is developing a port at Subarnarekha Mouth (Kirtania), and Navayuga Engineering Company Ltd is working on a port at Astaranga, reflecting a robust port development ecosystem. The Bahuda project is expected to further strengthen India’s maritime capabilities and economic prospects.

Infrastructure Urban

18 Nov 2025

PTC Expands Mehsana Plant To Boost Precision Manufacturing

PTC Industries Limited, a leading producer of high-precision castings and advanced materials for critical applications, has commenced a significant expansion of its investment-casting facility in Mehsana, Gujarat. With global supply chains undergoing a strategic realignment, industries are increasingly shifting production to resilient and trusted destinations. India is emerging as a major hub for precision manufacturing, creating substantial opportunities for industrial casting exports. In response, PTC is scaling and modernising its Mehsana site to capture rising global demand. The expansio..

Infrastructure Urban

18 Nov 2025

Apollo Completes Acquisition Of IDL Explosives

Apollo Defence Industries Private Limited, a subsidiary of Apollo Micro Systems Limited, has confirmed the successful completion of its full acquisition of IDL Explosives Limited from GOCL Corporation Limited. With this transaction now concluded, IDL Explosives becomes a step-down subsidiary of Apollo Micro Systems. IDL Explosives operates manufacturing facilities in Rourkela and several other locations across India. Apollo Group plans to expand and strengthen the company’s operations in line with its strategic ambitions within the rapidly growing defence explosives sector. The acquisition..

Infrastructure Urban

18 Nov 2025

GOCL Completes Sale Of IDL Explosives To Apollo Defence

GOCL Corporation Limited has announced the completion of the sale of its subsidiary, IDL Explosives Limited, to Apollo Defence Industries, marking the conclusion of the divestment process approved by shareholders earlier this year. IDL Explosives operates manufacturing units in Rourkela and several other locations nationwide. Apollo Defence plans to expand and reinforce the business in line with its strategic objectives within the rapidly growing defence sector. With this divestment, GOCL and the Hinduja Group complete their strategic exit from the explosives and detonators portfolio. Last y..