Paradip port sets ambitious 500 MTPA target

Bhubaneswar, Oct 7 (UNI) Paradip Port is targeting a capacity of more than 500 million tonnes per annum (MTPA) by 2047, nearly doubling its current rated capacity of around 289 MTPA, as its new 'Mega Port' status sets the stage for a fresh round of investment in maritime infrastructure, logistics, clean energy and industrial development. The expansion push follows a record 156.45 million tonnes (MMT) of cargo throughput in FY 2025-26, more than double the 76.39 MMT handled a decade ago. The latest figure is the highest annual throughput recorded by the port. "The Mega Port designation recognises the scale…