“Paradip Port Authority (PPA) achieves unprecedented success under the visionary leadership of Chairman Harnadh, IRTS, setting new benchmarks in efficiency and innovation in the maritime industry.” !!

Paradip Port Authority (PPA) has etched its name in maritime history, emerging as the leading cargo handling major port in India for the fiscal year 2023-24. Spearheaded by the dynamic leadership of P.L. Harnadh, Chairman of PPA, Paradip Port has soared to unprecedented heights, embodying excellence and innovation in port operations. This remarkable feat underscores the port’s steadfast commitment to efficiency and productivity, setting a new standard in the maritime industry. As it sails towards greater success, Paradip Port remains a beacon of visionary leadership and maritime excellence.

In the fiscal year 2023-24, Paradip Port achieved a remarkable cargo throughput of 145.38 million metric tonnes (MMT), surpassing Deendayal Port, Kandla, and establishing a new pinnacle in its 58-year history. This milestone, fueled by a growth of 10.02 million metric tonnes (7.4%) year-on-year, exemplifies the port’s unwavering dedication to efficiency and productivity. With substantial expansion in traffic, Paradip Port’s pivotal role in India’s maritime trade landscape is underscored. Its success is not merely attributed to strategic location but also to relentless pursuit of operational excellence and customer satisfaction. As the port continues to innovate and adapt, it is poised to further strengthen its position as a key player in India’s maritime sector.

Beyond cargo handling, Paradip Port has achieved record-breaking milestones in coastal shipping traffic and berth productivity. Setting a new benchmark, the port recorded its highest-ever coastal shipping traffic of 59.19 million metric tonnes, establishing itself as a prominent hub for coastal shipping in the nation. Furthermore, the port’s berth productivity surged to 33,014 metric tonnes, surpassing all other ports in India, highlighting its operational excellence. These achievements underscore Paradip Port’s multifaceted success and its pivotal role in enhancing coastal connectivity and efficiency. As the port continues to innovate, it solidifies its position as a leader in the maritime industry, driving growth and contributing significantly to the nation’s economy.

The port’s remarkable achievements can be attributed to strategic initiatives and system enhancements implemented throughout the fiscal year. These include improved operational practices such as enhancements to coal handling processes and optimized vessel management, significantly boosting efficiency and throughput. Moreover, the declaration of the northern dock for handling 16-meter draught cape vessels, along with simultaneous handling of cape and panamax vessels, has strengthened the port’s capabilities. These measures underscore Paradip Port’s commitment to continuous improvement and innovation, ensuring it remains at the forefront of the maritime industry.

In a demonstration of dedication to business growth and customer satisfaction, Paradip Port has decided to maintain its cargo handling tariffs at 2022 levels for the next three years. This strategic decision reaffirms the port’s status as the most economically viable port in India. By freezing tariffs, Paradip Port demonstrates its commitment to serving its clientele while upholding cost-effectiveness. This customer-centric approach, combined with steadfast pursuit of excellence, has cultivated trust among stakeholders. The port’s proactive stance in ensuring stable tariff rates enhances transparency and facilitates smoother business operations for stakeholders, solidifying its reputation as a preferred choice for maritime trade activities.

Paradip Port has demonstrated remarkable financial performance, with operating revenue surpassing Rs. 2,300 crores and operating surplus exceeding Rs. 1,510 crores. These figures represent substantial growth rates, showcasing the port’s robust financial health. This outcome is a testament to prudent financial management practices and operational efficiency, which have yielded significant improvements. By effectively managing resources and operations, the port has bolstered its financial resilience and sustainability, positioning itself as a reliable entity in the maritime industry.

The port is on the cusp of significant expansion and modernization with the upcoming commissioning of the Western Dock project. This endeavor is expected to enhance capacity to over 300 million metric tonnes within the next three years, marking a substantial leap forward. Furthermore, plans to mechanize all berths by 2030 and introduce four new berths underscore the commitment to continuous improvement and innovation in port infrastructure. By embracing mechanization and expanding berth capacity, Paradip Port aims to meet growing demands effectively, reflecting a proactive approach to infrastructure development.

Paradip Port is leading the charge towards sustainable development through environmental conservation and renewable energy initiatives. Extensive tree plantation drives, establishment of solar power plants, and green refueling stations are reducing the port’s ecological footprint and fostering sustainable practices. By championing green initiatives, Paradip Port sets an example for other ports to follow.

Under Chairman P.L. Harnadh’s leadership, Paradip Port has risen as a beacon of excellence in the maritime sector, achieving unprecedented success through dedication and collaboration. Its journey from inception to prominence underscores India’s maritime prowess and economic vision. With strategic location, top-notch infrastructure, and sustainability focus, Paradip Port facilitates trade, commerce, and industrial growth in the Eastern region. As it expands and modernizes, the port symbolizes progress and prosperity on India’s eastern coast, inspiring others with its collaborative model. With a dedicated team, Paradip Port is poised for even greater success, embodying the potential of diverse actors working harmoniously towards common goals.

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