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VPT handles 1.76 million tonnes more than last fiscal

VPT handles 1.76 million tonnes more than last fiscal
Highlights

The Visakhapatnam Port Trust handled a volume of 65.30 million tons of cargo in just concluded fiscal as against 63.54 million tonnes handled during 2017-18

Visakhapatnam: The Visakhapatnam Port Trust handled a volume of 65.30 million tons of cargo in just concluded fiscal as against 63.54 million tonnes handled during 2017-18. The port has achieved growth by an incremental volume of 1.76 million tonnes.

The VPT continued on growth trajectory for the third year in succession from 2015-16. The Cargo volume registered a CAGR (compounded annual growth rate) of 5 percent during the last 3 years and the port has ranked second on the East Coast in terms of traffic handled.

Major cargoes that contributed to the increase in cargo volume are steam coal by 3.11 million tonnes, container cargo by 1.12 million tonnes.

The container cargo handled 7.96 mt during 2018-19 (4.50 lakh Twenty Equivalent Units) as against 3.89 lakh TEUs handled during 2017-18. This is the best ever performance achieved in container handling.

A quantity of 6.79 million tonnes of Iron Ore pellets was handled during 2018-19 as against 6.20 million tonnes handled during 2017-18.

This is the highest ever volume handled at the port. The VPT railways have moved a volume of 27.53 million tonnes of cargo during 2018-19.

The port registered highest operating income of Rs. 1,158 crore in 2018-19 with an operating surplus of was 546 crores.

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