PPT launches Rs. 5, 300cr port project

Paradip Port Trust
The Paradip Port Trust, which is currently constructing a deep draft iron ore berth on BOT model at an investment worth Rs 740.19cr, has also decided to build Rs. 4,600-cr deep draft coal berth and allied facilities under the Central government's Sagarmala programs. In an encouraging development, PPT retains second position in cargo throughput among all major ports consecutively for the past three years as its cargo wing handled thermal coals, crude oils, coking coal, lime stones, rock phosphates, iron ore pellets and oil products. Similarly, a record 2.33 million tons of iron ore pellet was loaded during last fiscal surpassing the previous record of 1.60 MT during 2013-14, he said. Referring to financial parameters, the PPT Chairman said the port has earned Rs 1173.03-cr during 2015-16 as against Rs 1160.46-cr in 2014-15. The net surplus after income tax stands at Rs 309.37-cr as against Rs 275.57 during the previous year. It has decided to take up multiple projects to increase the capacity from 118.50 mpta to 325 mpta by the year ending 2025 and PPT would become the highest capacity port in the country. In addition, a multi-purpose berth is being built to handle clean cargo including containers on BOT basis at an estimated cost of Rs 430.76-cr which would be operational by March, 2019, the Chairman said.

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