The MoU exchange ceremony between United Petro Shipping Pte Ltd and the Odisha State Industrial Development Corporation took place on 28th of January in Bhubaneshwar. The event was represented by Mr. Sasetharan Devagaran, Director & Chief Operating Officer of United Petro Group, Mr. Vedant Choudry, Managing Director, Sadhav Shipping Limited and Chief Secretary, Government of Odisha.
This transformative initiative will encompass:
- Shipbuilding, Repair & Maintenance: State-of-the-art facilities for the construction and servicing a diverse range of vessels.
- Oil Rig Repair & Maintenance: Specialized services to ensure the operational efficiency and longevity of offshore rigs.
- Large-Scale Warehousing & Offshore Facilities: Advanced storage solutions to support logistics and supply chain needs for the maritime and offshore Supply Base including treatment plants.
- Offshore Supply Vessels & Barges: Construction and maintenance of vessels designed to support oil & gas exploration and offshore logistics operations.
- Dry Docking: Cutting-edge dry dock facilities for hull inspections, structural repairs, and mechanical overhauls, ensuring the maintenance and durability of offshore vessels and rigs.
The proposed project entails the construction of large ships along with repair facilities capable of servicing 20–25 ships annually. Additionally, it includes the development of offshore supply base facilities, such as warehouses and material storage, to support offshore operations. The project is designed to establish infrastructure for new shipbuilding, with a focus on meeting the demand for oil tankers, navy vessels, barges and cargo vessels in line with the upcoming National Waterway (NW-5) development in Odisha.
- United Petro Sadhav Shipbuilding & Integrated Offshore Supply Facilities specializes in shipbuilding, repair, maintenance, and offshore supply services. The company is involved in designing and constructing various types of vessels, including offshore support vessels, tankers, and specialized maritime vessels, utilizing advanced engineering and technology to ensure compliance with international maritime regulations. Its repair and maintenance services include dry docking, structural and mechanical repairs, engine overhauls, and retrofits to enhance vessel performance.
- Additionally, the company provides integrated offshore supply services, supporting oil and gas operations with fuel supply, equipment transportation, and marine asset management to ensure operational efficiency and regulatory compliance. In collaboration with the Odisha Government, the company has signed an MoU to establish and expand shipbuilding and offshore supply facilities in the region, contributing to the development of the maritime industry and boosting local economic growth.
- We develop large-scale warehousing facilities to support logistics, offshore supply chains, and maritime operations. These facilities provide storage solutions for fuel, equipment, and essential offshore materials, ensuring efficient inventory management and seamless distribution. Strategically located to enhance offshore supply base facilities, they cater to the growing demands of the shipping and energy sectors.
- We specialize in the construction, operation, and maintenance of offshore supply vessels (OSVs) and barges, supporting oil & gas exploration, offshore logistics, and marine transportation. These vessels are designed for fuel transport, equipment delivery, and crew transfers, ensuring uninterrupted offshore operations.
- Equipped with advanced technology and built to international maritime standards, they enhance efficiency and safety in offshore supply chains. Through its MoU with the Odisha Government, the company aims to expand its fleet and strengthen maritime infrastructure in the region.
United Petro Group (UPG) and Sadhav Group have signed a MoU with the Government of Odisha ON 28th January 2025. The project entails the construction of large ships along with repair facilities capable of servicing 20– 25 ships annually. It also includes the development of offshore supply base facilities, such as warehouses and material storage, to support offshore operations.
Incorporating renewable energy, digitalization, circular economy models, and sustainable fuel alternatives, UPG and Sadhav Group’s project will aim to establish Odisha as a hub for green maritime operations. The integration of sustainable practices—such as eco-friendly vessel disposal, clean energy adoption, and green logistics— in alignment with the existing project requirements as detailed in the MoU, ensures alignment with global ESG standards while attracting investment and fostering long-term profitability.
This proposed project, in collaboration with the Government of Odisha, strategically will support industrial and maritime growth, positioning the companies involved at the forefront of sustainable maritime innovation.
Key Takeaways
• Integrating green ship recycling, clean energy solutions, and circular economic principles, the companies strengthen their market positioning and appeal to environmentally conscious clients and investors.
• The project benefits from Odisha’s Renewable Energy Policy 2022, the National Green Hydrogen Mission, and Make in Odisha, securing policy support, incentives, and alignment with national sustainability goals.
• Pioneering in sustainable maritime infrastructure, UPG and Sadhav Group can create new investment opportunities, increase operational resilience, and position themselves as leaders in the transition to a greener maritime industry.
The Importance of Sustainability in Maritime and Industrial Operations
Maritime and industrial operations are major contributors to global carbon emissions, resource depletion, and environmental degradation. With rising regulatory pressures, stakeholder expectations, and economic requirements for long-term resilience, industries are shifting toward sustainable practices that include energy efficiency, renewable energy, circular economy, and decarbonization. Thus, Odisha, being a major industrial and maritime hub in India, has the potential to lead the transition to more efficient and sustainable operations
United Petro Group! Sustainability initiatives are increasingly important for companies in the energy sector, especially in regions like Mexico and Africa where environmental and social impacts can be more pronounced. These efforts could involve reducing carbon emissions, investing in renewable energy, improving waste management, and engaging with local communities to support long-term development.
