Latest news with #ParadipPortAuthority
Time of India
a day ago
- Business
- Time of India
Paradip handles record 50MMT of cargo in first 7 months: Chairman
1 2 3 4 Kendrapada: Paradip Port Authority (PPA) has handled 50 million metric tonnes (MMT) of cargo by the end of July in the current fiscal year, the fastest in its history, said chairman P L Haranadh on Friday. The port also handled Exim (export-import) containers for the first time in 2024-25. Services by MSC and RCL, along with Concor's new multimodal logistics park, are positioning Paradip as a key container gateway in eastern India, he said. Addressing the gathering during Independence Day celebrations at Paradip, Haranadh said the port aims to expand its annual handling capacity to 500 MMT by 2047. The 'western dock' project, with a 25 MMT capacity, is ahead of schedule and will enable handling of capesize vessels, reducing logistics costs, he added. "PPA is targeting 100% mechanisation by 2030, supported by initiatives like an AI-based harbour management system, a state-of-the-art command and control centre, and a next-generation vessel traffic management and information system. PPA is working towards becoming a 'smart port' by 2030 and achieving net-zero emissions by 2050," he added. "A green hydrogen/ammonia export terminal, backed by MoUs worth over Rs 50,800 crore, is under development to strengthen Paradip's role in the global green fuel supply chain. PPA has invested in welfare measures, including enhanced insurance schemes, medical benefits, and mandatory safety training for all contractual workers from Jan 2026 to prevent accidents," he said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Krishna Janmashtami Wishes ,, messages , and quotes !
The Hindu
06-08-2025
- Business
- The Hindu
Paradip Port receives ‘Major Port of the Year – Non-Containerised Cargo' award
The Paradip Port has received the prestigious 'Major Port of the Year – Non-Containerised Cargo' award at the 15th All India Maritime and Logistics Awards (MALA) 2025. The award recognises Paradip Port's exceptional performance and outstanding contribution to handling non-containerised cargo, showcasing its operational efficiency and strategic importance in the country's maritime trade, said the Paradip Port Authority (PPA) in a statement. G. Edison, PPA traffic manager, received the award on behalf of the port at MALA, held in Mumbai, which celebrates excellence and innovation across the Indian maritime and logistics sector. The MALA awards, selected by a distinguished jury of industry experts, are considered a major honour within the industry and highlight the port's commitment to excellence and its leadership role in the non-containerised cargo segment. P.L. Haranadh, PPA chairman, congratulated the entire team, saying this notable achievement is a testament to the hard work, dedication, and collaborative spirit of Team PPA. 'We are honoured to be recognised by our industry peers and remain committed to continuously improving our services to support India's growing economy. This accolade underscores Paradip Port's strategic initiatives and robust infrastructure, which have contributed to its success in managing a high volume of diverse non-containerised cargo, including dry bulk and liquid bulk.'
Mint
13-05-2025
- Business
- Mint
Cargo handled at India's major ports rises 4.3% to 855 million tonnes in FY25
India's major ports handled 855 million tonnes of cargo in FY25, 4.3% more than the 819 million tonnes they handled in FY24, and hit new milestones in operational efficiency and infrastructure modernisation, the ministry of ports, shipping and waterways (MoPSW) said on Tuesday. This growth highlights the resilience and capacity of major ports in accommodating rising trade volumes, the ministry added. The increase in traffic was driven by higher container throughput (10%), fertilisers (13%), petrol, oil and lubricants (3%), and miscellaneous commodities (31%) than in the previous fiscal year. Petroleum, oil, and lubricants—including crude, petroleum products, and LPG/LNG—led the charts with a volume of 254.5 million tonnes (29.8%) in FY25. It was followed by container traffic at 193.5 million tonnes (22.6%), coal at 186.6 million tonnes (21.8%), and other cargo categories such as iron ore, pellets and fertilisers. For the first time in the history of major ports, the Paradip Port Authority (PPA) and Deendayal Port Authority (DPA) handled more than 150 million tonnes of cargo, reinforcing their status as key hubs of maritime trade and operational excellence, the ministry said. Meanwhile, Jawaharlal Nehru Port Authority (JNPA) set a record by handling 7.3 million twenty-foot equivalent units (TEUs), reflecting 13.5% year-on-year growth. In FY25, Indian ports collectively allocated 962 acres of land for industrialisation, which is expected to have generated income of ₹ 7,565 crore over the fiscal year, the ministry said. Lessees are expected to investment ₹ 68,780 crore on the allotted land in future, reaffirming investor confidence in port-led development, it added. Private-sector participation has been instrumental in this transformation, with investments in public-private-partnership (PPP) projects at major ports increasing threefold from ₹ 1,329 crore in FY23 to ₹ 3,986 crore in FY25, the ministry said. Operational performance continued to improve in FY25, with pre-berthing detention time (on port account) up around 36% from FY24. Major ports saw an 8% increase in total income to ₹ 24,203 crore in FY25 from ₹ 22,468 crore in FY24. Operating surplus grew 7% to ₹ 12,314 crore in FY25 from ₹ 11,512 crore in FY24. Sarbananda Sonowal, minister of ports, shipping and waterways, said, "I am immensely proud of the remarkable achievements of India's major ports in FY25… the ministry has worked tirelessly to modernise port infrastructure, enhance operational efficiency, and foster private sector participation, paving the way for unprecedented growth in India's maritime sector. 'From record-breaking cargo handling to significant improvements in operational parameters and financial performance, the achievements of FY25 reflect the resilience and readiness of our ports to support India's growing trade ambitions.' From FY15 to FY25, cargo volumes surged from 581 million tonnes to about 855 million tonnes, clocking a compound annual growth rate (CAGR) of 4%. Containerised cargo saw a remarkable 70% increase over the decade—from 7.9 million TEUs in FY15 to 13.5 million in FY25. Conventional commodities such as coal, fertilisers, iron ore and POL also saw significant growth over the past decade. Productivity indicators also point to a significant improvement. Output per ship berth day (OSBD) rose from 12,458 tonnes to 18,304 tonnes over the decade. Average turnaround time (TRT) improved by 48%, from 96 hours in FY15 to 49.5 hours in FY25. Pre-berthing detention time (on port account) improved by 24%, from 5.02 hours in FY15 to 3.8 hours in FY25. Idle time (%) fell by 29%, from 23.1% in FY15 to 16.3% in FY25. Major ports' financial performance has been equally impressive over the past decade, with total income more than doubling from ₹ 11,760 crore in FY15 to ₹ 24,203 crore in FY25 at 7.5% CAGR. Operating surplus nearly tripled to ₹ 12,314 crore at a 13% CAGR over the same period. Operational efficiency also improved significantly, with the operating ratio falling from 64.7% in FY15 to 42.3% in FY25, reinforcing the ports' financial sustainability. India's major ports are now poised to take their competitiveness to the next level, supported by continuous investment in mechanisation, process reengineering, port community systems, and multi-modal logistics integration, the ministry said. These initiatives have resulted in higher cargo volumes, reduced vessel wait times, optimised capacity utilisation, and increased investor confidence, it added.
Hans India
13-05-2025
- Business
- Hans India
Cargo handled by India's major ports surges to record 855 million tonnes in FY25
New Delhi: The country's major ports registered an impressive growth in cargo handling to touch a record 855 million tonnes in FY 2024-25, which represents a 4.3 per cent increase compared to the corresponding figure of 819 million tonnes in FY 2023-24, the government said on Tuesday. The increase in traffic was driven by higher container throughput (10 per cent), fertiliser cargo handling (13 per cent), POL (petroleum, oil and lubricants) (3 per cent), and handling of miscellaneous commodities (31 per cent) compared to the previous fiscal year, said the Ministry of Ports and Shipping. Among commodities handled at major ports, POL led the charts with a volume of 254.5 million tonnes (29.8 per cent), followed by container traffic at 193.5 million tonnes (22.6 per cent), coal at 186.6 million tonnes (21.8 per cent) and other cargo categories such as iron ore, pellets, fertilisers, and more in FY 2024-25. For the first time in the history of major ports -- the Paradip Port Authority (PPA) and Deendayal Port Authority (DPA) -- surpassed the 150-million-tonne cargo handling mark, reinforcing their status as key hubs of maritime trade and operational excellence. Meanwhile, Jawaharlal Nehru Port Authority (JNPA) set a record by handling 7.3 million TEUs, reflecting a 13.5 per cent year-on-year growth. Indian ports collectively allocated 962 acres of land for port-led industrialisation, projected to generate an income of Rs 7,565 crore in FY 2024-25. Furthermore, lessees are expected to make future investments of Rs 68,780 crore on the allotted land, reaffirming investor confidence in port-led development. Private sector participation has been instrumental in this transformation, with investments in PPP projects at major ports increasing threefold, from Rs 1,329 crore in FY 2022-23 to Rs 3,986 crore in FY 2024-25, highlighting strong investor confidence. Operational performance continued to improve in FY 2024-25, with Pre-Berthing Detention (PBD) Time (on port account) improving by about 36 per cent compared to FY 2023-24. Financially, major ports witnessed an 8 per cent increase in total income in FY 2024-25, rising to Rs 24,203 crore from Rs 22,468 crore in FY 2023-24. Similarly, operating surplus grew 7 per cent to Rs 12,314 crore in FY 2024-25 from Rs 11,512 crore in FY 2023-24. Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said, "The ministry has worked tirelessly to modernize port infrastructure, enhance operational efficiency, and foster private sector participation, paving the way for unprecedented growth in India's maritime sector". "From record-breaking cargo handling to significant improvements in operational parameters and financial performance, the achievements of FY 2024-25 reflect the resilience and readiness of our ports to support India's growing trade ambitions," he added. Between FY 2014-15 and FY 2024-25, cargo volumes surged from 581 million tonnes to approximately 855 million tonnes, reflecting a robust Compound Annual Growth Rate (CAGR) of 4 per cent. Major ports' financial performance has been equally impressive, with total income more than doubling over the past decade from Rs 11,760 crore in FY 2014-15 to Rs 24,203 crore in FY 2024-25, registering a 7.5 per cent CAGR over 10 years.
