Odisha To Get Rs 215 Billion Bahuda Port Project
PORTS & SHIPPING

Odisha To Get Rs 215 Billion Bahuda Port Project

On the eve of the Samudra Se Samriddhi—Transforming India’s Maritime Sector event, several key agreements were signed for port development and capacity augmentation in India.
A landmark MoU was concluded between Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Limited, and the Government of Odisha for developing a new port at Bahuda. Planned with a capacity of 150 million tonnes per annum, the project will be built on over 6,700 acres of designated coastal salt land. It is expected to attract investment of nearly Rs 215 billion.
The Bahuda Port will serve as an anchor for port-led industrialisation, logistics parks, and manufacturing clusters across Odisha and northern Andhra Pradesh. The project is projected to generate direct and indirect employment for around 25,000 people while catalysing industrial and infrastructure growth in eastern India.
In a parallel development, the Inland Waterways Authority of India signed an MoU with the Government of Bihar for a Water Metro project in Patna, valued at about Rs 9.1 billion. The project will introduce energy-efficient electric ferries, modern terminals, and multimodal transport integration. Ten terminal points along four routes in Patna will reshape urban river transport and serve as a pilot model for other cities. 

On the eve of the Samudra Se Samriddhi—Transforming India’s Maritime Sector event, several key agreements were signed for port development and capacity augmentation in India.A landmark MoU was concluded between Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Limited, and the Government of Odisha for developing a new port at Bahuda. Planned with a capacity of 150 million tonnes per annum, the project will be built on over 6,700 acres of designated coastal salt land. It is expected to attract investment of nearly Rs 215 billion.The Bahuda Port will serve as an anchor for port-led industrialisation, logistics parks, and manufacturing clusters across Odisha and northern Andhra Pradesh. The project is projected to generate direct and indirect employment for around 25,000 people while catalysing industrial and infrastructure growth in eastern India.In a parallel development, the Inland Waterways Authority of India signed an MoU with the Government of Bihar for a Water Metro project in Patna, valued at about Rs 9.1 billion. The project will introduce energy-efficient electric ferries, modern terminals, and multimodal transport integration. Ten terminal points along four routes in Patna will reshape urban river transport and serve as a pilot model for other cities. 

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Infrastructure Urban

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Infrastructure Energy

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement