: Paradip port to send thermal coal to power stations in North India through coastal shipping #FinanceIndia #StockMarketNEWS Paradip port to send thermal coal to power stations in North India through

@StockMarketNEWS Wed 04 Jan, 2023

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Paradip port to send thermal coal to power stations in North India through coastal shipping #FinanceIndia #StockMarketNEWS
Paradip port to send thermal coal to power stations in North India through coastal shipping Jagatsinghpur, Jan 2 (KNN) Emerging as acoastal shipping hub of India, Paradip port in Jagatsinghpur district of Odisha has plans to coastal ship thermal coal to power houses, located in Rajasthan, Uttar Pradesh and Haryana.

Coastal Thermal Coal handling has shown a remarkable 58.11 per cent growth in comparison to previous fiscal and it also constitutes about 31.56 per cent of total cargo volume handled at the Port.

In the month of December 2022, Paradip Port signed off 2022 by clocking highest ever monthly cargo throughput in the history of all Major Ports in the country, with an all-time record cargo handling of 12.6 MMT in December, 2022.

Congratulating the Team PPA for this performance, P.L. Haranadh, Chairman, PPA said the New Year 2023 is going to augur well for the Port, as it is all set to cross the coveted 100 MMT cargo handling mark, in the month of January itself.

The Port is poised to set all time record cargo handling of more than 125 MMT in current fiscal, said Ministry of Ports, Shipping and Waterways on Monday.

Till December, 2022 PPA has handled 96.81 MMT cargo against 83.6 MMT in the corresponding period of previous fiscal.

Various system improvement measures, introduced by the port during this year, fuelled growth to the tune of 15.5 per cent over last year. (KNN Bureau)