https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Subarnarekha_PortSubarnarekha Port - Revision history2026-08-19T03:51:28ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Subarnarekha_Port&diff=159719&oldid=previmported>Jaywardhan009: added Category:Transport in Balasore using HotCat2020-05-12T15:02:38Z<p>added <a href="/w/index.php?title=Category:Transport_in_Balasore&action=edit&redlink=1" class="new" title="Category:Transport in Balasore (page does not exist)">Category:Transport in Balasore</a> using <a href="https://en.bharatpedia.org/wiki/BP:HC" class="extiw" title="wp:HC">HotCat</a></p>
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'''Subarnarekha port''' is a deep-water, all-weather port proposed to be constructed at the mouth of Subarnarekha River in Balasore district of Odisha state in India.<br />
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==Background==<br />
Over a period of 40 years there was only one port in [[Odisha]] at [[Paradip]].<ref>{{cite web|url =http://www.thehindubusinessline.com/2009/12/14/stories/2009121451090500.htm |title = Orissa to become a State of ports |work= | publisher = The Hindu Business Line, 14 December 2009 | accessdate = 2010-04-27 }}</ref><br />
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Government of Odisha made a study through [[IIT Madras]] to find out regions having potential for development of Ports.<ref>{{cite web|url =http://www.business-standard.com/india/news/port-development-likely-to-suffer/344710/ |title = Port development likely to suffer |work= | publisher = Business Standard, 30 December 2008 | accessdate = 2010-04-27 }}</ref><br />
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Thereafter, in order to facilitate the setting up of new ports with participation of private parties the state government had formulated in 2004 a separate port policy. By which new ports were established which are [[Gopalpur port|Gopalpur Port]] and [[Dhamra Port|Dhamara Port]]. Later more two ports got approval to be established were Port at [[Astaranga]] and another at mouth of the [[Subarnarekha river]]<br />
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==Development==<br />
The Government of Odisha has signed a memorandum of understanding with Chennai-based Creative Port Development Pvt. Ltd and [[Tata Steel|TATA Steel]] For the development of a deep-water, all-weather project at the mouth of the Subarnarekha. The Subarnarekha Port project was being taken up on a 50-year build, own, operate, share and transfer (boost) basis. The development would include a dedicated rail cum road connection from the port to the NH 5 and rail network at Jaleswar. The port will have an initial capacity to handle 10 million tonnes per year.<br />
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The work on the proposed port has been delayed because of a legal tussle between the promoters and venture capital investors of the company. The Promoter aggrieved by their Venture partners had filed an oppression & Mismanagement case under sec 397,398 & 402 of the Companies Act 1956 in the Company Law Board(CLB). The CLB has given a verdict in favour of the promoter shareholders. The Venture Capitalist has been ordered to exit from the Promoter's Company as well as Kirtania Port Project at a price of Rs. 52.50 Crore.<ref>{{cite web|url = http://www.ltramboll.com/portspg.htm|title = DEVELOPMENT OF PORT AT SUBARNAREKHA|publisher = |accessdate = 2010-04-24 }}</ref><br />
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==References==<br />
{{reflist}}<br />
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{{Balasore district}}<br />
{{Hydrography of Odisha}}<br />
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{{coord missing|India}}<br />
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[[Category:Ports and harbours of India]]<br />
[[Category:Ports and harbours of Odisha]]<br />
[[Category:Balasore district]]<br />
[[Category:Transport in Balasore]]</div>imported>Jaywardhan009