Paradip Port Authority Signs Five Major MoUs Worth ₹2,300 Crore

Bhubaneshwar

28/10/2025

During the Odisha State Session held on 27th October 2025 at India Maritime Week 2025, Paradip Port Authority (PPA) showcased its vision for maritime and industrial development through the signing of five significant Memoranda of Understanding (MoUs) with key partners across government and industry.

The MoUs, collectively valued at over ₹2,300 crore, aim to boost connectivity, coastal tourism, logistics, and green energy initiatives, reinforcing Odisha’s position as an emerging maritime hub on India’s east coast.
 
Hon’ble Chief Minister of Odisha Shri Mohan Charan Majhi attended India Maritime Week 2025 and visited the Paradip Port Authority exhibition stall. He was warmly welcomed by Shri P. L. Haranadh, IRTS, Chairman, PPA.
The Chief Minister discussed key initiatives with the Chairman, focusing on the proposed Bahuda Port project, cruise terminal development at Puri, and Paradip Port’s expanding role in India’s Blue Economy.

Details of the MoUs signed by PPA:

Puri Cruise Terminal Project – ₹500 crore
Between: PPA and Odisha Maritime Board (OMB)

Bahuda Port Rail Connectivity Project – ₹1,000 crore
Between: PPA and Paradip Railway Corporation Ltd. (PRCL)

Maritime Museum & Logistics Park Project – ₹300 crore
Between: PPA and Indian Port Rail & Ropeway Corporation Ltd. (IPRCL)

Cargo Export/Import Project – ₹280 crore
Between: PPA and IFFCO

Green Hydrogen Mobility Project – ₹263 crore
Between: PPA and NTPC

 These partnerships underline PPA’s proactive approach toward sustainable, technology-driven, and inclusive port-led development, in alignment with the Government of India’s Maritime India Vision 2030.