Major Ports post combined net surplus of Rs 2820 cr in FY 2017

Posted by Daily Shipping Times on 26-07-2017        Tweet

NEW DELHI: India’s 12 Major Ports posted a combined net surplus of Rs. 2,819.74 crore in FY17 on income of Rs. 11,894.56 crore from handling 647.63 million tonnes (mt) of cargo.

Since the Modi Government assumed power in May 2014, the Shipping Ministry led by Nitin Gadkari has taken several initiatives resulting in the dozen ports increasing their operating surplus from Rs. 2,519 crore in FY14 to Rs. 3,599 crore in FY15, Rs. 4,309 crore in FY16 and Rs. 4,919 crore in FY17.

The net surplus of the 12 ports jumped from Rs. 1,026 crore in FY14 to Rs. 1,805 crore in FY15, Rs. 1,977 crore in FY16 and Rs. 2,820 in FY17.