Paradip Port set for full mechanisation by 2030

05 Nov 2024 CW Team

Paradip Port plans to develop three new berths, mechanize four existing ones, and establish a berth dedicated solely to green hydrogen as part of its strategy to become fully mechanized by 2030, according to officials.

The port, which is managed by the central government, aims to increase its handling capacity to over 400 million tonne per annum (MTPA) by 2030, up from the current 289 MTPA, with a target of reaching 500 MTPA by 2047.

The mechanisation of the berths would require an investment exceeding Rs 25 billion and would enhance operational efficiency and reduce handling times, thereby improving overall productivity at the port.

Additionally, the port intends to develop a dedicated berth for green hydrogen and green ammonia for export and bunkering, which will have a capacity of 5 MTPA. The official noted that this project is expected to be awarded by 2026, with an estimated investment of Rs 3.25 billion. Agreements have already been signed with four investors who will establish green hydrogen and green ammonia plants in the nearby area, requiring a total investment of Rs 508 billion.

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