Paradip Port ends 2022 by setting record monthly cargo volume in Dec

With an all-time record cargo handling of 12.6 MMT in December 2022, Team PPA rang in the New Year 2023 at Paradip Port with a bang. This marked the end of 2022 and the largest monthly cargo throughput in the history of all Major Ports in the country. The PPA's Chairman, P L Haranadh, praised the team PPA for their outstanding performance. The port is on track to surpass the desired 100 MMT cargo handling mark in the month of January 2023, which bodes well for the port. The Port is on track to handle more than 125 MMT in cargo this fiscal year, breaking all previous records. As of December 2022, PPA has handled 96.81 MMT of cargo, compared to 83.6 MMT over the same period the prior fiscal year. This year, the port implemented a number of system improvement measures that fueled growth of 15.5% over the previous year. With a stunning 58.11% increase from the prior fiscal year, Coastal Thermal Coal Handling now accounts for around 31.56% of all cargo volume handled at the Port. The country's coastal shipping hub is growing as Paradip Port, and there are plans to even coastal ship thermal coal to power plants in Rajasthan, Uttar Pradesh, and Haryana. Also read: IIFCL has approved loans totaling Rs 82.44 billion to develop 20 ports Andhra Pradesh fast tracks work on new ports