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Abu Dhabi-backed NMDC steps in to steer Odisha’s deep-water port towards completion.

NMDC Dredging & Marine to Revive Tata Steel’s Stalled Subarnarekha Port Project.                                                                                                                                          

Abu Dhabi’s NMDC Dredging & Marine, part of the NMDC Group, is set to fund and execute the long-delayed Subarnarekha Port project in Odisha, jointly promoted by Tata Steel and Creative Port Development. The company plans to take an equity stake while handling the EPC contract worth around ₹24,000 crore, covering dredging, reclamation, and civil works. Originally planned with a 10 MTPA capacity, scalable to 40 MTPA, the port will handle coal, iron ore, limestone, and steel cargo for Tata Steel’s Jamshedpur plant. The project, delayed by legal and environmental hurdles since 2012, is now close to securing fresh green clearance. With dredging of nearly 94 million cubic metres and major breakwater construction, the total cost is estimated at ₹12,000–13,000 crore. NMDC’s participation is expected to revive the project, boost Odisha’s maritime infrastructure, and reduce Tata Steel’s logistics dependency on Paradip and Dhamra ports.