Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMP Kolkata) including Kolkata Dock System (KDS) and Haldia Dock Complex (HDC) has achieved a milestone in the fiscal year 2023-24 by handling 66.4 Million Metric Tonnes (MMT) of Cargo, marking a 1.11% increase from the previous record of 65.66 million tonnes moved in 2022-23.

The complex handled 49.54 MMT in FY 2023-24, marking its highest cargo volume ever since its inception and surpassing the previous record of 48.608 MMT in FY 2022-23, representing an increase of 1.91%. Meanwhile, KDS managed 16.856 MMT of cargo in 2023-24 compared to 17.052 MMT in 2022-23.

Commenting on the development SMP Chairman Rathendra Raman (IRTS) said "This unprecedented throughput is result of a series of strategic initiatives implemented by the port to enhance productivity, safety measures, business development, and overall capacity utilization".

PSU Watch is now on Whatsapp Channels. Click here to join

He emphasized the port's robust financial performance in 2023-24, achieving a net surplus of Rs 501.73 crores and a significant 65% growth over the previous year's net surplus of Rs 304.07 crores, marking a remarkable accomplishment.

In order to augment capacity of the port, SMP Kolkata has stressed significantly on the PPP Projects in a big way, which is one of the most important reasons behind the record handling.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)