PROFITABILITY OF PORTS
PROFITABILITY OF PORTS
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.