Reduction in Average Turn Around Time in the Major Ports boosts operating profits
Improvement in the efficiency of ports has lowered the logistic cost for trade. The improvement is due to overall reduction in the Average Turn Around Time in the Major Ports. In the Ports like Paradip, V.O. Chidambaranar and Visakhapatnam, there has been reduction in the Average Turn Around Time by over 40%. Operating Surplus of the Major Ports which was around Rs 3593 crore in 2014-15 has increased to around Rs 4268 crore in 2015-16. Port wise details are as under:2014-15 2015-16Kolkata 385 487Paradip 418 447Visakhapatnam 316 365Kamarajar(Ennore) 472 518Chennai 134 214V.O.Chidambaranar 238 321Cochin 20 66NewMangalore 145 110Mormugao 40 89Mumbai 325 360JawaharlalNehru 837 938Kandla 264 353Total 3593 4268
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app