SPM Port, Kolkata recorded highest cargo handling in FY24

To augment capacity of the port, SMP Kolkata is stressing on the PPP Projects in a big way.

SPM Port, Kolkata recorded highest cargo handling in FY24

Syama Prasad Mookerjee Port, Kolkata (SMP Kolkata) including Kolkata Dock System (KDS) and Haldia Dock Complex (HDC), achieved a milestone in the fiscal year 2023-24 by handling 66.4 Million Metric Tonnes (MMT) of Cargo, marking a 1.11% increase from the previous record of 65.66 million tonnes moved in 2022-23.

HDC  complex handled 49.54 MMT in FY 2023-24, marking its highest cargo volume ever since its inception and surpassing the previous record of 48.608 MMT in FY 2022-23, representing an increase of 1.91%. Meanwhile, KDS managed 16.856 MMT of cargo in 2023-24 compared to 17.052 MMT in 2022-23.

The port's robust financial performance in 2023-24,  has achieved a net surplus of Rs. 501.73 crores as well, a significant 65% growth over the previous year's net surplus of Rs. 304.07 crores, marking a remarkable accomplishment.

Read Also : PFC gets honoured for CSR at Outlook Planet Sustainability Summit

To augment capacity of the port, SMP Kolkata is stressing on the PPP Projects in a big way.

The port shipping unit  rested upon several PPP Projects as:

Concession awarded by SMPK for 2 PPP projects costing Rs 480 Crore  for Rejuvenation of KPD-I West (Cost Rs. 181.81 crores) and Mechanization of Berth no. 2 at HDC (Cost 298.28 Crore) which could lead to Incremental Capacity Addition of 6.78 MMT (approx.)

Three more projects (Berth No 5 for HDC, Strengthening & Mechanization of Berth no. 7 & 8 NSD and Floating Crane at Diamond Harbour at a cost of Rs 1160 crore, incremental capacity of 4.5 MMT) are likely to reach Award stage by 2024-25.

Major Projects awarded during FY 2023-24:

Development of Drainage network (Phase-IIA) on eastern side of dock basin at Haldia dock complex, Haldia under master drainage plan (Cost Rs.26.79 Crore)

Read Also : How Refinancing Can Help You Lower Your Home Loan Interest Rate?

Regarding Implementation of energy efficient/smart fittings and outdoor purpose along-with roof top solar power plant at KDS, Lol issued for Smart Light.

Four Major Projects costing Rs. 201.23 crore completed during FY 2023-24.

HDC registered growth in respect of POL (Product), Other Liquid, Vegetable Oil, Iron Ore, Other Coal Coke, Finished Fertiliser, Container TEUs, etc. while KDS registered growth in respect of Finished Fertilizer, Timber, Other Coal / Coke, Pulses & Peas, Container (both TEUs and Tonnage) etc. during 2023-24 vis-à-vis 2022-23.

Read Also : Sterlite Power Secures Funding Worth Rs 1373 crore from PFC