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

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

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.

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.

Next Story
Infrastructure Transport

Modi Launches Rs 318.5 Billion Projects in Maharashtra

Prime Minister Narendra Modi on Wednesday launched infrastructure projects worth Rs 318.5 billion during his two-day visit to Maharashtra, including two landmark developments — the first phase of the Rs 196.5 billion Navi Mumbai International Airport (NMIA) and the second phase of the Rs 122 billion Mumbai Metro Line 3. India’s first fully digitised airport, NMIA, has been designed for multimodal connectivity and is being developed under a public-private partnership between Adani Airport Holdings, which holds a 74 per cent stake, and the City and Industrial Development Corporation of Maha..

Next Story
Real Estate

Tata Housing Sells Rs 10 Billion Homes in Bengaluru

Real estate developer Tata Housing on Wednesday announced that it has achieved home sales worth over Rs 10 billion in its newly launched residential project in Bengaluru, driven by strong demand. In a statement, the company said Tata Housing Varnam Phase I — part of the 135-acre integrated township Carnatica in North Bengaluru — has surpassed Rs 10 billion in sales since its launch in August 2025. Spread across 20 acres, Varnam Phase I has recorded sales of 377 units out of 582 apartments, along with 48 townhouses and row houses. The project has attracted substantial interest from both e..

Next Story
Infrastructure Transport

OMRON to Train 1,000 Graduates Annually at Bengaluru Centre

Japanese industrial automation giant OMRON announced on Wednesday that it will train and skill 1,000 fresh engineering graduates annually at its newly launched Automation Centre in Bengaluru. The initiative aims to enhance India’s employable manufacturing talent and build a resilient, future-ready industrial ecosystem. Motohiro Yamanishi, President of the Industrial Automation Company at OMRON Corporation, said, “We see immense potential in the dynamism of India’s manufacturing sector. The new Automation Centre underscores India’s vital role in our global and Asia-Pacific vision. It i..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?