Paradip Port Trust drops plan to build new deep-water port

Viability concerns have made Paradip Port Trust to shelve plans to build an ambitious new deep-water port in its outer harbour.

The project was planned with an investment of Rs 8,767 crore to handle 140 million tonnes (mt) of cargo a year.
PPT is India’s second biggest state-owned port by cargo volumes.

In a written response to Parliament, Shipping Minister Mansukh Mandaviya said, “The outer harbour project was not found viable in the techno-economic project report.”

The proposed outer harbour port project-located adjacent to the south of the existing harbour – was designed as a satellite port of Paradip Port Trust and was to be set up as a major port under the Companies Act.

Image Credit :

Research Desk

Next Post

Hatsun to set up India's largest ice cream unit in Telangana

Sat Feb 15 , 2020
Chennai-based Hatsun Agro Product Ltd is planning to set up India’s largest ice cream manufacturing facility at Sangareddy district of Telangana. The company will commence commercial operations in October 2020. According to a statement, Hatsun will be setting up its unit with a capital investment of Rs 207 crore and […]
Hatsun Agro Product Ltd


Blog Stats