Economy

Paradip Port breaks India record for monthly cargo handling

Handling 12.6 MMT of cargo, the Paradip Port has logged the highest ever monthly cargo throughput in the history of all Major Indian Ports

The Paradip Port has logged the highest ever monthly cargo throughput in the history of all Major Ports in the country, with an all-time record cargo handling of 12.6 million metric tonnes (MMT) in December, 2022, according to an official statement released on Monday.

The Paradip Port Authority (PPA) is poised to set an all-time record cargo handling of more than 125 MMT in the current financial year which will end on April 31, 2023, the official statement said.

Till December, 2022 PPA has handled 96.81 MMT cargo against 83.6 MMT in the corresponding period of the previous fiscal year. Various system improvement measures, introduced by the port during this year, fuelled growth to the tune of 15.5% over last year.

Coastal thermal coal handling has shown a remarkable 58.11% growth in comparison to previous fiscal and it also constitutes about 31.56% of total cargo volume handled at the port. Paradip port is emerging as a coastal shipping hub of the country and has plans to even ship thermal coal to power houses, located in Rajasthan, UP and Haryana.

Haranadh, Chairman, PPA congratulated the Team PPA for this magnificent performance. The New Year 2023 is going to augur well for the Port, as it is all set to cross the coveted 100 MMT cargo handling mark, in the month of January itself.

P.L. Haranadh, Chairman, PPA congratulated the port team for this “magnificent performance,” the statement added.

IN Bureau