Kolkata Port Trust reports robust earnings for FY 2018

Posted by Daily Shipping Times on 09-04-2018        Tweet

KOLKATA: The Kolkata Port Trust (KPT) reported robust earnings for the 2017-18 financial year, riding on strong cargo traffic and operating income.

The highest traffic of 57.88 million tonnes of cargo in the fiscal pushed KoPT’s operating surplus (excluding dredging) to `838.05 crore from `659.27 crore in 2016-17, recording a rise of 27.12 per cent.

Operating income stood at `2,046 crore for the year compared with `1,778.26 crore in the 2016-17 fiscal, KoPT Chairman Mr. Vinit Kumar said here.

Both Haldia Dock and Kolkata Dock Systems handled the biggest numbers of containers, with an overall growth of 3.18 per cent, to a consolidated 7.96 lakh units, he said.

Kumar said both the docks were expanding capacity to handle additional cargo, and railway infrastructure and more space are being added for container cargo.

In Haldia, two outer terminals at Salukhali and Outer Terminal II is under the process of development, which would add at least 2 mt of extra cargo capacity.

Kumar also said the contract for the techno-feasibility study of Tajpur Port will be awarded soon, and would take another three-four months to get completed.

The Tajpur Port will be taken up in the first phase, he said.

KoPT has set up a dedicated support desk for Nepal-bound traffic, Kumar said, adding cargo from that Country accounts for about 20 per cent of total cargo traffic.