Paradip: Republic Day was celebrated with pump and gaiety by Paradip Port Authority P L Harandh, Chairman, PPA unfurled the National Flag. Addressing on the occasion, he said that Paradip Port achieved yet another 100 Million Metric Tonnes (MMT) of cargo handling sixth year in a row.
It once again repeated the feat by crossing the 100 MMT mark in succession and achieved cargo throughput of 100.22 MMT till 9 January in the current fiscal. Notably, last year the coveted mark of 100 MMT was achieved on 18 February 2022. Thus by, the record was achieved in 40 days in advance i.e in 284 days in current fiscal against 324 days last financial year by exhibiting 17 % growth in total cargo throughput till date.
The Port is poised to set all time record cargo handling of more than 130 MMT in current fiscal. Various system improvement measures, introduced by the port during this year, fuelled growth. Coastal Thermal Coal handling has shown a remarkable 58.11% growth in comparison to previous fiscal and it also constitutes about 31.56% of total cargo volume handled at the Port. Paradip port is emerging as a coastal shipping hub of the country and has plans even to coastal ship thermal coal to power houses, located in Rajasthan, UP and Haryana.
Capacity expansion, port modernisation and enhancing the port connectivity has been the success mantra for Paradip Port. The port has added 55 MMTPA of Capacity including 30 MMTPA of berth mechanisation in the recent 5 years. Presently the Port capacity stands at 279 MMTPA, the highest among Major ports.
The Port has recently signed Concession Agreement with Jindal Paradip Port Limited for development of 25 MMTPA Western Dock Project, construction for which will commence shortly. This will take the Port capacity beyond 300 MTPA upon its completion. This Western Dock project will enable the port to handle fully laden Cape size Vessels requiring draft upto 18 mtrs.
This will bring economy of scale to the profitability of the customers. Over 80 MTPA capacity addition projects are in pipeline to be awarded by FY 2030. Looking beyond it, the Port envisions to take its capacity to over 500 MTPA by the Amrit Kaal 2047.