Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Seven major ports post 3.24% growth during April-September

Author: IANS/Thursday, October 12, 2017/Categories: Infrastructure

Seven major ports post 3.24% growth during April-September

New Delhi - Seven major ports of the country, including Paradip, Chennai, Cochin and New Mangalore, recorded a growth rate of 3.24% during April-September 2017, an official statement said.

The ports recording a growth of 3.24% together handled 326.4 MT cargo during the April-September 2017 period as against 316.1 MT handled during the corresponding period last year.

The other ports are Port of Kolkata, Mumbai Port and Jawaharlal Nehru Port, near Mumbai.

The highest growth was registered by Cochin Port (19.62%) as compared to the corresponding period previous year, followed by Kolkata (including Haldia), New Mangalore and Paradip.

Cochin Port's growth was mainly due to increase in traffic of port of lading (POL) by around 28% and Containers by over 10%.

"In Kolkata Port, overall growth (over the same period year before) was positive -- 11.95%. Kolkata Dock System (KDS) registered traffic growth of 0.72%. Haldia Dock Complex (HDC) registered positive growth of 17.74%," the statement said.

According to the government, during the period April to September 2017, Kandla Port handled the highest volume of traffic at 53.29 MT (16.33% share), followed by Paradip at 47.61 MT (14.59% share).

"Out of the total traffic volume, JNPT had 32.69 MT (10.02% share), Mumbai 31.23 MT (9.57% share) and Visakhapatnam 30.15 MT (9.24% share). Together, these five ports handled around 60% of the major port traffic," said the statement.

It said that commodity-wise percentage share of POL was the maximum 34.01%, followed by container (20.22%), and thermal and steam coal (12.66%).

"Growing ports are becoming catalysts for shaping the Prime Minister's vision of a 'New India'," Union Minister for Shipping and Water Resources Nitin Gadkari said in the statement.

"The government is committed towards inclusive development to generate continuous growth and prosperity. Timely delivery of projects will help give the much-needed boost to the economy," he added.

Print Rate this article:
No rating

Number of views (118)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free