Balugaon is a town and a Notified Area Council located in the Khordha district of Odisha, India. It is situated near the bank of Chilika Lake, positioned approximately 90 kilometres from the state capital of Bhubaneswar and 76 kilometres from Berhampur in the Ganjam district.
The town serves as a major economic center for the Khordha district. Its economy is primarily driven by its significant prawn and fish business.