Calcutta Port Trust posts 26% surplus hike

KOLKATA : Despite cargo traffic volume coming down 4.14 per cent, the port managed to log in a 7.3 per cent rise in revenue and a 26 per cent hike in surplus, backed by higher port charges, land revenue and new cargo and cost control measures.

The iron and steel industry, which dots the hinterland of CPT — now called Syama Prasad Mookerjee Port, Calcutta — contributed mostto the good tidings at the port, especially in the second half of the last fiscal.

Import of cooking gas also brought in better business, while the movements of container and thermal coal were down.

SMP, Calcutta handled 61.33mt cargo, down from 63.98mt in the previous year, standing at fifth place in terms of cargo movement.

The port, split broadly between Haldia and a relatively smaller operation at Calcutta, earned Rs 2,622 crore in revenue and Rs 104 crore in net surplus compared with Rs 2,443 crore revenue and Rs 82-crore surplus in 2019-20.

Source : Announce Today