• PARADIP PORT TRUST REGISTERS 20% GROWTH...
Date : 05-06-2014 Posted By : sabyasachi swain
PARADIP PORT TRUST REGISTERS 20% GROWTH
 

         Paradip Port Trust has registered a growth rate of 20.25% in cargo handling and 35% growth in revenue generation in the 2013-14 financial year. The traffic handled by PPT was the second hingest among all major ports in india , officials said. “When all other ports registered a growth rate between 7 and 8% only , PPT has achieved a 20% -plus growth in traffic and 34% in revenue, which is remarkable,” said PPT chairman S S Mishra. The port has handled all-time high cargo of 68milions tones (MT) during 2013-14 against last year’s 56.55MT.

           Describing the financial performance during the last fiscal as excellent, the PPT chairman said the port achieved a total revenue of Rs 1,068 crore, showing year-on-year growth of 34% while operating revenue rose to Rs915 crore, registering growth of 38%. Similarly operating surplus after tax mounted to Rs 223 crore, registering growth of 24%. Encouraged by the achievements in functioning the port has also taken several projects to increase the capacity from existing 108.50 million metric tones per annum (MTPA) to 270.50 milion tones per annum by 2023, Mishra added.

        The port has signed an Mou with GAIL (India) Ltd for setting up of a LNG terminal of a send-out capacity of 4 MTPA in Phase-I and addition of 4 MTPA capacity in phase-II. Studies on implementation of the project are under progress.

 

 
 
         
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