Paradip Port Logs Fastest-ever 100 MMT Cargo Milestone in a Fiscal Year

01 Dec 2025 CW Team

Paradip Port Authority (PPA) in Odisha has set a new record by achieving 100 million metric tonnes (MMT) of cargo throughput in the fastest time since the port’s inception. The milestone, reached on 27 November, marks the ninth consecutive year that the port has crossed the 100 MMT benchmark. With 100.15 MMT handled so far, PPA has recorded a 4.78 per cent year-on-year increase and achieved the feat 12 days earlier than in the previous fiscal. In FY 2024–25, the mark was reached on 9 December 2024, taking 253 days, compared with 241 days this year.

The port’s performance has been supported by faster operational processes, system upgrades and strong stakeholder cooperation. Growth in coastal thermal coal, container cargo, gypsum and flux, petroleum products and steel cargo has further strengthened Paradip Port’s position as an emerging coastal shipping hub. Coal, which accounts for about 45 per cent of the port’s total cargo, recorded a 3.76 per cent increase over the same period last year. Containerised cargo rose by 32 per cent, gypsum and flux by 24 per cent, steel cargo by 35 per cent and POL cargo by 31 per cent year-on-year.

PPA Chairman PL Haranadh expressed gratitude to Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal for his guidance and support, saying the achievement reflects the collective effort of officers, employees, user industries, stevedores, agents, trade unions and PPP operators. He also acknowledged the assistance of the Government of Odisha, Indian Railways, Customs and other authorities for enabling the port’s strong performance. Deputy Chairman T Venu Gopal, Advisor (Traffic) AK Bose and Traffic Manager G. Edison were present during the announcement.

With a continued emphasis on operational efficiency and sustained growth, PPA aims to end the fiscal year with its highest-ever cargo throughput.

News source: PIB

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..