Mormugao Port Trust registers robust growth in 2013-14

[Editor: Western India Shipyard Ltd (WISL) is strategically located at Mormugao Port, Goa along the west coast of India. Therefore any increase in traffic in the port is postive for WISL]

June 1, 2014: Mr.Mara Pandiyan, chairperson of MPT, said that Mormugao Port Trust, which was earlier known as the iron ore port, last year had almost 99.9% non iron ore activities and still registered robust growth.

The 26th board of trustees of MPT appointed for a period of 2 years from 2014 to 2016, held its 1 board meeting.

The chairman, while briefing about the financial achievement of MPT for the last FY, presented the fact that the port has almost shed its mono commodity status and is now being widely recognized as a multi commodity port.

Mr Pandiyan said that Its general cargo traffic has increased by 23% during the first 2 months of this year as compared to the corresponding period of the previous year. This was mainly due to robust growth of other commodities like wood chips, granite , maze, sugar, pharmaceutical products etc., that started flowing into the port due to the regular trade meets held at Hubli, Belgaum, Kolhapur, Bangalore, Bagalkot, Gadag etc.

The port achieved operating income of INR 218 crore in addition to another INR 67 crore received as grants from ministry of commerce, tourism, etc. The chairman pointed out that other commodity cargo that was handled at the port during the last one and half years has yielded more revenue to the port and that the same trend will continue this year.

Source - Steel Guru