A multi-pronged strategy to upgrade Paradip Port

Optimization of the inner harbor facilities and development of the western harbor would make the port easier to handle large cape-sized ships. “The project will help increase the draft to around 18 meters and significantly reduce logistics costs for operators,” he said. As part of its plan to increase capacity to 400 tons by 2030, the port wants to add four new berths and mechanize the four existing berths.

Paradip Port has budgeted capital expenditures of approximately ₹180 crore over the period 2023-24 for the general development and modernization of the facilities. Capital expenditures of ₹150 crore had been incurred in 2022–23.

switch portfolios

In addition, attempts are being made to diversify the cargo basket. Traditionally, the port handled more coal and iron, but it is now concentrating on other cargoes including gypsum, petroleum coke and ammonium nitrate, among others. There are also plans to develop an exclusive clean cargo berth. It is planned to set up an LNG/CNG tank center based on the PPP model. Haranadh says it also wants to develop Paradip as a hub for handling green hydrogen and green ammonia.

“We aim to transform Paradip into a smart port through multiple digital initiatives. Many initiatives have already been taken to make doing business easier,” he said.

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