Syama Prasad Mookerjee Port creates new record in cargo handling in FY24

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".

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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.

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