Indian ports boost efficiency and earnings in 2023-24

10 May 2024 CW Team

Indian ports have reportedly shown improvement in key parameters and are currently operating at levels comparable to the best globally.

According to data compiled by the Ministry for Ports, Shipping, and Waterways, it was stated that the average container turnaround time (TRT) for eight Major Ports had improved to 22.57 hours during the fiscal year 2023-24, compared to 23.44 hours in the fiscal year 2022-23. It was noted that these eight ports collectively handle 65% of all cargo moving through the central government-administered ports of the country.

It was further mentioned by officials that, according to the government, the average container turnaround time had reduced to less than a day in the fiscal year 2023-24, surpassing that of the USA (1.5 days), Australia (1.7 days), and Singapore (1.0 days). The officials attributed this improvement to investments in cargo handling equipment on berths and enhanced supply chain visibility facilitated by digitalization.

The New Mangalore Port Authority (NMPA) was highlighted as the port showing the most significant improvement, with its container TRT reported at 18.65 hours for the year under review, down from 26.50 hours in the fiscal year 2022-23. Additionally, the V. O. Chidambaranar Port Authority (VOCPA) was recognised as India's most efficient port in terms of container turnaround time, recording a time of 18.48 hours for the year.

Apart from achieving faster operations, these ports also successfully managed to handle 532.6 million tonnes (MT) of cargo during the fiscal year 2023-24, marking a 6% increase compared to the previous fiscal year. The Paradip Port Authority (PPA) emerged as the port handling the highest volume of cargo among all Major ports during the fiscal year 2023-24, handling 145.38 MT. Additionally, it was noted that this port in Odisha had witnessed the highest increase in cargo volume, rising by 10.02 MT compared to the levels of the fiscal year 2022-23.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..