Paradip Port becomes numero uno among Indian Major Ports in cargo throughput in FY 2023-24
During the financial year, the Port achieved the highest-ever coastal shipping traffic of 59.19 million metric tonnes, with a growth of 0.76 million metric tonnes i.e. 1.30% over the previous year.
![Paradip Port becomes numero uno among Indian Major Ports in cargo throughput in FY 2023-24](https://www.psuconnect.in/sdsdsd/pot.jpg)
The Paradip Port Authority (PPA) has achieved a remarkable milestone by setting a new record of handling 145.38 million metric tonnes of cargo throughput in FY 2023-24. This achievement has made PPA the highest cargo handling major port in the country, nudging past Deendayal Port, Kandla. This is the first time in the 56 years of operation that PPA has surpassed the previous records set by Deendayal Port. Additionally, Paradip Port has recorded a growth of 10.02 million metric tonnes (7.4%) of traffic on a year-on-year basis.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYDuring the financial year, the Port achieved the highest-ever coastal shipping traffic of 59.19 million metric tonnes, with a growth of 0.76 million metric tonnes i.e. 1.30% over the previous year. The thermal coal coastal shipping has reached 43.97 million metric tonnes i.e. 4.02% over the previous year's cargo handling. Thus, the Paradip Port is emerging as a hub for coastal shipping in the country.
Paradip Port has been able to improve its berth productivity to 33014 MT from 31050 MT in the previous financial year, thus registering 6.33% growth. The berth productivity achieved by Paradip Port is the highest among all the ports of the country. During the financial year, the Port has handled 21,665 numbers of rakes, registering a growth of 7.65% over the previous financial year. During the financial year, the Port handled 2710 ships, registering an increase of 13.82% over the previous financial year.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh