Paradip Port Trust (PPT) has initiated process of inviting investors for six new captive berths of more than 10 mtpa capacity each. The port’s proposed expansion plan will increase the eastern port’s existing capacity from 108.50 million tonne per annum (mtpa) to 270.50 mtpa by 2023. The eastern Indian port reported a growth 34 per cent in total revenues of Rs 1,068 crore for 2013-14 from greater volumes of iron ore exports, coal shipments and import of coking coal.
The port has registered a 20 per cent growth in traffic throughput of 68mtpa during the FY14, an all time high for Paradip port. This was the second highest cargo handled by a major port in India during this period.