Ministry of Ports, Shipping and Waterways
PROFITABILITY OF PORTS
Posted On:
10 DEC 2024 4:34PM by PIB Delhi
Port-wise details of the Operating Surplus and Net Surplus for the FY 2023-24 are given at Annexure – I.
Overall, most of the Major Ports have sound financial health. Some of the Major Ports are facing challenges in terms of financial sustainability including substantial shortfalls in pension obligations, high cost of dredging, restrictions on handling of certain commodities, competition from other Non-Major Ports, ongoing legal and arbitration cases, etc.
In an ongoing effort to improve profitability, Major Ports are undertaking modernization and mechanization of berths and terminals, channel deepening, streamlining of processes through digitalization, strategic marketing initiatives, etc. to meet the trade challenges.
Annexure – I
Operating Surplus and Net Surplus of Major Ports for the FY 2023-24
|
Port
|
Operating Surplus
(in Rs crore)
|
Net Surplus
(in Rs crore)
|
|
Syama Prasad Mookerjee Port
|
1296.90
|
501.73
|
|
Paradip Port
|
1512.93
|
1571.10
|
|
Visakhapatnam Port
|
1201.37
|
719.51
|
|
Kamarajar Port
|
807.00
|
760.50
|
|
Chennai Port
|
388.91
|
217.69
|
|
V.O. Chidambaranar Port
|
652.86
|
666.05
|
|
Cochin Port
|
487.66
|
9.82
|
|
New Mangalore Port
|
545.72
|
551.02
|
|
Mormugao Port
|
239.00
|
-48.04
|
|
Mumbai Port
|
1206.69
|
-269.36
|
|
Jawaharlal Nehru Port
|
1642.66
|
1836.29
|
|
Deendayal Port
|
1442.00
|
1685.61
|
This information was given by the The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal in a written reply in Rajya Sabha today.
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DS/AK
(Release ID: 2082756)
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