New Delhi: Paradip Port Authority (PPA) has achieved a record-breaking cargo throughput of 145.38 million metric tonnes (MMT) in the fiscal year 2023-24, becoming the highest cargo handling major port in India and surpassing the previous records set by Deendayal Port, Kandla.

The impressive growth trajectory of Paradip Port, which is in Odisha, extends beyond cargo handling, with notable advancements in coastal shipping traffic. Recording the highest-ever coastal shipping traffic of 59.19 MMT, Paradip Port has emerged as a pivotal hub for coastal shipping in the country. Particularly noteworthy is the surge in thermal coal coastal shipping, which reached 43.97 MMT, showcasing a 4.02% increase over the previous year.

"Key to this success has been the implementation of various system improvement measures, including enhanced operational efficiency at the mechanized coal handling plant and the declaration of the northern dock for handling 16-meter draught cape vessels", officials said. Additionally, the simultaneous handling of 1 Cape and 1 Panamax vessel at coal handling berths has optimized port operations, contributing to its heightened berth productivity, which stands as the highest among all ports in the country.

At the same time, operating revenue surpassed Rs. 2,300 crore, reflecting a notable 14.30 percent increase compared to the previous fiscal year. Operating surplus, net surplus before tax, and net surplus after tax have also experienced substantial growth, underscoring the port's financial stability and resilience.

Paradip Port is poised for further expansion, with plans to surpass the 300 MMT capacity mark within the next three years through the commissioning of the Western Dock project. Mechanization efforts are underway to achieve 100% mechanization by 2030, alongside the addition of four new berths to enhance port infrastructure.

In line with its commitment to sustainability and green initiatives, Paradip Port is undertaking measures such as tree plantation drives, the development of solar power plants, and the establishment of green refueling stations. Furthermore, plans to develop an exclusive berth for handling green ammonia/green hydrogen reinforce its dedication to environmental stewardship.

ALSO READ: Assam records revenue growth of 12 percent in FY23-24, Mizoram declines by 29%