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

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


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

Next Story
Building Material

Beyond Basics: Unique Ideas for Using Distemper Paint Colours in Your Home

Rohit and Nisha had just moved into their first rented apartment in Pune. The place had everything they wanted. Great sunlight, a tiny balcony, and affordable rent. But the walls? A dull, ugly and patchy beige that made even their colourful paintings look tired. “Let’s colour the walls,” Nisha said enthusiastically. Rohit looked at her with a calculator in hand. “You mean spend half our salary on emulsions?”Just then, their neighbour popped in and said, “I have been using distemper paint on walls for years. It is affordable, looks good, and you can wipe it clean when your friends s..

Next Story
Infrastructure Energy

REC Approves Rs 75 billifor Brookfield’s Hybrid Energy Project

The Rural Electrification Corporation (REC) Ltd, a Maharatna non-banking finance company, has sanctioned Rs 75 billion for Brookfield’s 1,040 MW hybrid renewable energy project in Kurnool district — its largest-ever funding to a private-sector venture.Developed by Evren, a joint venture between Brookfield (51.49 per cent) and Axis Energy, the Rs 99.1 billion project integrates 640 MW of wind and 400 MW of solar power with battery storage. It is India’s first Firm and Dispatchable Renewable Energy (FDRE) project featuring state-level grid connectivity and a dedicated power purchase agreem..

Next Story
Infrastructure Transport

Oswal Energies, Deendayal Port Partner for Green Hydrogen Project

Oswal Energies and the Deendayal Port Authority (Kandla-Gandhidham) have signed a memorandum of understanding (MoU) to jointly develop green hydrogen, green methanol, green ammonia, and a 100 million litres per day (MLD) desalination plant under the National Green Energy Initiative.The Government of India has identified Deendayal Port as one of the strategic hubs for green energy infrastructure. The collaboration aims to strengthen the port’s role in advancing sustainable energy systems, supporting India’s net-zero and energy security goals.Under the MoU, Oswal Energies will lead the devel..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement