KoPT operating surplus jumps 13% to 631cr in FY17'

Kolkata Port Trust (KoPT) today reported healthy growth of 12.6 per cent in operating surplus at Rs 631.12 crore for 2016-17 against Rs 560 crore in the last fiscal despite flat traffic movement.
"We have registered rise in operating surplus by 12.63 per cent to Rs 631.12 crore during the year due to better operational efficiency despite difficult market conditions," KoPT chairman M T Krishna Babu told reporters here.
He said at the net level the port will be at loss as some Rs 476 crore had been transfered to the pension fund which is facing a deficit of about Rs 3000 crore to meet actuarial deficit.

The port has handled 50.31 million tonne of traffic during the year managing 3431 ships. In 2015-16, KoPT handled 50.28 million tonne in 2015-16. Traffic had slipped from all time high of 57.32 million tonne registered in 2007-08.
Krishna Babu said in 2017-18, port has targeted to award projects of outer terminal I and II, setting up liquid cargo handling jetty and two MW solar power at HDC.