+
SMPK Eyes Double-Digit Cargo Growth in FY25 After Uptick
PORTS & SHIPPING

SMPK Eyes Double-Digit Cargo Growth in FY25 After Uptick

Syama Prasad Mookerjee Port, Kolkata (SMPK), is targeting double-digit cargo growth in financial year 2025, supported by mechanisation projects at Haldia and Calcutta, night navigation support, and a revival in the steel sector following a safeguard duty to protect domestic industry.

The port handled 63.95 million tonnes of cargo in FY25, a decline of 3.75 per cent from the record 66.44 million tonnes in FY24. Meanwhile, the twelve government-controlled major ports collectively posted a 4.34 per cent rise in cargo. SMPK recorded a 45.32 per cent increase in cargo handling in April 2025 compared to the previous year.

SMPK granted concessions worth Rs 700 million in FY25, encouraging shippers to use the port more. Infrastructure upgrades include a coal ship-to-rail mechanisation project by Adani Ports at Haldia and additional container handling equipment at Calcutta. Century Ports will also revamp cargo operations at Kidderpore Docks in FY26.

The port will benefit from taking over inland water terminal operations between Haldia and Sahibganj in Jharkhand. The twelve per cent safeguard duty on steel is expected to boost local mills’ capacity and increase demand for coking coal imports, benefiting the port.

If SMPK achieves its target, it will be the first time since its establishment in 1870 that the port handles 70 million tonnes of cargo. Early signs are promising, with thermal coal movement resuming and coking coal nearly doubling to 1.78 million tonnes in April 2025.

Source:Sambit Saha

Syama Prasad Mookerjee Port, Kolkata (SMPK), is targeting double-digit cargo growth in financial year 2025, supported by mechanisation projects at Haldia and Calcutta, night navigation support, and a revival in the steel sector following a safeguard duty to protect domestic industry.The port handled 63.95 million tonnes of cargo in FY25, a decline of 3.75 per cent from the record 66.44 million tonnes in FY24. Meanwhile, the twelve government-controlled major ports collectively posted a 4.34 per cent rise in cargo. SMPK recorded a 45.32 per cent increase in cargo handling in April 2025 compared to the previous year.SMPK granted concessions worth Rs 700 million in FY25, encouraging shippers to use the port more. Infrastructure upgrades include a coal ship-to-rail mechanisation project by Adani Ports at Haldia and additional container handling equipment at Calcutta. Century Ports will also revamp cargo operations at Kidderpore Docks in FY26.The port will benefit from taking over inland water terminal operations between Haldia and Sahibganj in Jharkhand. The twelve per cent safeguard duty on steel is expected to boost local mills’ capacity and increase demand for coking coal imports, benefiting the port.If SMPK achieves its target, it will be the first time since its establishment in 1870 that the port handles 70 million tonnes of cargo. Early signs are promising, with thermal coal movement resuming and coking coal nearly doubling to 1.78 million tonnes in April 2025.Source:Sambit Saha

Next Story
Infrastructure Urban

Surat Unveils India’s First Solar-Powered Smart Bus Station

Surat Municipal Corporation (SMC) inaugurated India’s first solar-powered smart bus station on Wednesday at Althan. Developed at a cost of Rs 16 million, this electric bus depot is being hailed as a pioneering model for sustainable urban infrastructure nationwide.The facility features a 100 kW rooftop solar power plant paired with a 224 kWh Battery Energy Storage System (BESS). Designed in partnership with the German development agency GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit), the station offers 24x7 green charging support by utilising solar energy alongside repurposed ..

Next Story
Real Estate

Noida Authority Denies Waiver on ₹670 Million Transfer Charges to Max Estates

The Noida Authority has rejected Max Estates Private Limited’s request for waivers on charges related to the transfer of the Delhi One realty project, insisting the full amount must be paid. The developer is required to pay Rs 670 million in change in constitution (CIC) or transfer charges, as confirmed by the authority.Max Estates acquired the stalled Delhi One project in Sector 16B through the corporate insolvency resolution process (CIRP). The authority’s board, in a meeting on 14 June, reaffirmed the decision under its newly implemented Unified Policy that no waiver would be granted on..

Next Story
Infrastructure Urban

Iconic Filmistan Studio in Goregaon West Set for Demolition by December

One of Bollywood’s historic studios, Filmistan Studio in Goregaon West, is set to be demolished by December following a long-awaited agreement that will clear the site for two 50-storey ultra-luxury residential towers. The Jalan family, owners of the studio properties, transferred their rights to Arkade Developers for Rs 1.83 billion on Thursday. Although the exact members of the Jalan family involved remain undisclosed, it is known that filmmaker Sasadhar Mukherjee, who established the studio in 1943, later sold it to Tolaram Jalan, a Kolkata-based film financier.Earlier in January, Arkade ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?