Kolkata Port’s profit up by 65% to Rs 501.73 crore in previous fiscal

Kolkata Port profit: Syama Pras Mookerjee Port, also known as Kolkata Port, has reported impressive financial results for fiscal year 2023-24. port recorded a remarkable 65 per cent increase in profit, reaching Rs 501.73 crore, compared to Rs 304.07 crore in previous fiscal.

Notably, Kolkata Port achieved an all-time high in cargo handling, surpassing 66 million tonnes mark in 2023-24. This achievement is particularly noteworthy considering challenges posed by tre disruptions in sea freight due to geopolitical factors.

port, comprising Kolkata Dock System (KDS) and Haldia Dock Complex (HDC), demonstrated a combined growth of 1.11 per cent despite turbulent tre environment. Chairman Randra Raman attributed this success to a series of strategic initiatives aimed at enhancing productivity, safety measures, and business development.

Of significant contribution to this achievement was Haldia Dock Complex, which witnessed a notable 1.91 per cent increase in cargo handling, reaching 49.54 million tonnes in FY'24. Conversely, Kolkata Dock System reported a marginal decrease in cargo handling, standing at 16.856 million tonnes compared to previous fiscal year.

Despite facing hewinds, Kolkata Port's robust financial performance underscores its resilience and aptability in navigating challenges and emerging stronger. With its focus on enhancing operational efficiency and capacity utilization, port remains poised for sustained growth and continued success in dynamic maritime industry.

With PTI Inputs