Operating profits of major ports rises 19% to Rs 4268 crore in FY2016

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

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