Paradip Port ends 2014-15 on a high

June 5, 2015 10:37 am Published by

Paradip Port Trust achieved an all-time high traffic throughput of 71.01 million tonnes during the year 2014-15, as against the previous year’s traffic of 68 million tonnes, exhibiting a growth of 4.42 per cent year-on-year. The traffic handled by the Port during the financial year is second highest amongst all Major Ports.

In the current financial year, the Port is poised to handle 78 million tonnes of cargo. In the first 2 months of the current financial year (up to 30.05.2015), it handled 11.66 million tonnes of cargo as against 11.40 million tonnes last year. Thus, till 30.05.2015, the cargo growth was 2.28 per cent more than last year during the same period. In terms of the number of ships handled, 254 ships called at Paradip Port during this period as against 240 ships last year. In terms of the number of ships’ calls, it is 5.83 per cent more this year than last year. This is despite the fact that the cargo handling declined marginally during April 2015 by 5.28 per cent in comparison to the previous year. During April 2015, similar decline in trend of cargo handling was also seen in other Major Ports, which handled large volumes of dry bulk cargo. The cargo decline trend in April 2015 was mainly noticed in the iron ore traffic which decreased by 3 lakh tonnes, mainly due to the current mining policy of the government.

Financial parameters for 2014-15

The Port has achieved total revenue of Rs 1,059.50 crore, operating revenue of Rs 920.94 crore (Y-o-Y growth of 0.69 per cent), operating surplus of Rs 371.29 crores. (Y-o-Y growth of 1.74 per cent), surplus after tax of Rs 261.69 crore (Y-o-Y growth of 12.26 per cent), operating ratio of 60 per cent, utilisation of planned expenditure to the tune of 110 per cent, and operating expenditure per tonne of cargo handled to the tune of Rs 77.40.

Capacity addition projects

With a view to compete with the neighbouring ports in the country, Paradip Port has taken up a number of projects, including deepening of the channel and harbour to 20 m which will enhance the Port’s capacity from the existing 108.50 million tonnes per annum to 270.50 million tonnes per annum by the year ending 2023. The deep draught facility will enable the Port to handle Capesize vessels, which will be economical to the ex-im trade.

Some of the ongoing projects, projects under bidding, and future projects are as follows:

Ongoing projects

(a) Construction of southern oil jetty at Paradip Port [Capacity: 10 mtpa, Rs 191.09 crore]

(b) Development of multi-purpose clean cargo berth [Estimated cost: Rs 430.78 crore, capacity: 5 mtpa]

(c) Development of deep draught coal berth on BOT basis [Estimated cost: Rs 479.01 crore, capacity:10 mtpa]

(d) Development of deep draught iron ore berth on BOT basis [Estimated cost: Rs 740.19 crore, capacity: 10 mtpa]

Project under bidding

(a) Mechanisation of EQ-1 to EQ-3 berths [Estimated cost: Rs 1,633.44 crore, capacity: 30 mtpa]

Future projects

(a) Mechanisation of CQ-I & CQ-II [Capacity: 20 mtpa]

(b) Construction of offshore breakwater with LNG terminals

(c) Construction of Western Dock System [Estimated cost: Rs 2,822.01 crore, 6 berths, capacity: 75 mtpa]

Project status

(i) Construction of 10 mtpa Oil Jetty is under progress, which is likely to be completed by June 2015.

(ii) Letter of Award (LOA) had been issued on 30.12.2014 in favour of United Liner Agencies Ltd at 11.044 per cent revenue share to the Port for construction of 5 mtpa multi-purpose clean cargo container berth. The concession agreement was signed on 07.03.2015.

(iii) The long-standing issue of clearing the 10 mtpa BOT coal project site has been completed and Essar has been communicated to deposit licence fees for possession of site.

(iv) An agreement was signed on 29.05.2015 with JSW Paradip Terminal Pvt. Ltd consortium at 21 per cent revenue share to the Port for construction of 10 mtpa BOT iron ore terminal.

(v) A Memorandum of Understanding (MoU) was signed by Paradip Port Trust on 30.06.2014 with the Inland Waterways Authority of India (IWAI), government of Odisha, and Dhamra Port Company Ltd for the development of National Waterway 5 for shipping and navigation.

CSR activities

The Port has been discharging its commitment to the society by taking up several CSR activities. During 2014-15, the Port spent Rs 6.09 crore on various CSR activities. Some of the the activities beneficial to the society are providing public toilets, organising free medical camps, literacy programmes through Paradip Sakhyarata Samity, running several educational institutions as well as 150 self-help groups, encouraging sports and culture, etc.

The Union government gives lots of thrust to handle the cargo through mechanisation to increase the operational efficiency and to reduce the pollution to a great extent. In this direction, various initiatives have been taken up by Paradip Port such as mechanisation, capacity augmentation and deepening of the channel to help the Port to maintain its leading position among other facilities on the east coast.

Mr M.T. Krishna Babu, IAS, Chairman, PPT and Mr N. Vaiyapuri, Deputy Chairman, PPT, expressed their happiness on the achievement and congratulated the officers, employees, workers of PPT, and all the stakeholders who contributed during the last year as well as their continuing effort in the current year.

 

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This post was written by Atlantic Admin