Paradip Port Sets New Record, Becomes India's Top Cargo Handler in FY 2023-24

Surge in Traffic, Coastal Shipping, and Berth Productivity Propels Growth

Paradip Port Sets New Record, Becomes India's Top Cargo Handler in FY 2023-24

Paradip Port Authority (PPA) has achieved a historic milestone, becoming the leading cargo handler among all major ports in India for FY 2023-24. This impressive feat comes with a record-breaking cargo handling volume of 145.38 million metric tonnes (MMT), surpassing the previous record held by Deendayal Port, Kandla.

Marking a significant achievement in its 56-year history, PPA registered a year-on-year traffic growth of 10.02 MMT, translating to a 7.4% increase. Additionally, the port witnessed a surge in coastal shipping, a key focus area for the Indian government. Paradip Port achieved its highest ever coastal shipping traffic of 59.19 MMT, reflecting a 1.30% rise compared to the previous year. Thermal coal coastal shipping also saw a significant boost, reaching 43.97 MMT, a 4.02% increase year-on-year.

PPA's commitment to operational efficiency is evident in its remarkable improvement in berth productivity. The port achieved the highest berth productivity amongst all Indian ports, handling 33,014 MT per berth compared to 31,050 MT in the previous financial year, signifying a 6.33% growth. Contributing to this success, the port also witnessed a rise in the number of rakes and vessels handled. During the year, Paradip Port managed 21,665 rakes (up 7.65%) and 2,710 vessels (up 13.82%) compared to the previous financial year.

Looking towards the future, PPA has ambitious plans for further development. The port aims to achieve complete mechanization by 2030, with the addition of four new berths and the complete mechanization of existing semi-mechanized berths. Additionally, to enhance road traffic flow within the port complex, two flyovers are planned at a cost of Rs 150 crore, eliminating the need for surface crossings between rail and road traffic.

PPA is also actively promoting port-led industrialization by allocating land to various industries. This initiative has already attracted investments exceeding Rs 8,700 crore and is projected to generate an additional 50 MMT of traffic for the port.

Sustainability is another key focus for PPA. The port has pledged to plant one million trees by 2025, having already planted 200,000 saplings last year. Furthermore, PPA plans to become fully operational on renewable energy by establishing a 10 MW solar power plant. The vision extends to include the development of a green fuel station with an LNG and CNG depot.

PPA's commitment to innovation is showcased in its collaboration with IIT Chennai to build a state-of-the-art signal station equipped with the latest Vessel Traffic Management Information System. This advanced system will significantly improve ship management, maritime operations, and overall safety.

By setting a new benchmark for cargo handling and outlining a progressive development plan, Paradip Port Authority is poised to play a pivotal role in India's maritime future, particularly with its ambitions to become a green hydrogen hub.