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Business EconomyPosted at: May 30 2016 7:01PM


Chennai Port Trust earns profit of Rs 42.20 Cr in 2015-16

Bengaluru, May 30 (UNI) Leading Marine Gateway from India in the
East Coast and one of the oldest port in the country, the Chennai
Port Trust (CPT) today announced a net surplus of Rs 42.10 crore for
2015-16 as against Rs 21.61 crore earned during the previous fiscal.
CPT Chairman Cyril C George, talking to newsmen here, however
said that the cargo handled by the Port had a negative growth at
50.06 million tonnes as against 54.25 million tonnes handled in
2014-15.
He said the Operating profit stood at Rs 758.71 Crore during the
year, down from Rs 790.60 crore the previous year. The port rewrote
the history by handling 1566 million TEUs, the highest number of
containers handled till date surpassing 1.55 million TEUs handled in
2011-12.
He said the Port would shortly introduce 24x7 service and would
be available for both exporters and importers throughout the day.
The port authorities have held discussions with the Customs
Department officials to enable the port to work round the clock.
A pioneer in car exports and coastal cargo the Chennai port's
container terminals were operated by internationally renowned private
operators from Dubai and Singapore.
He said the first container train operations from JD (East) in
the Port to Bangalore Inland Container Depot has began operations
and a similar service to Hyderabad would be introduced shortly.
Mr George said that the Port Trust had also started movement of
cargos between east and west coasts of India with the Maindan
coastal Ro-Ro voyage by vessel M V IDM Symex which transported 800 cars
from Chennai to Pipavav in February. The second voyage is planned
for next year.
He said the Port Trust has also identified 70,000 sq m for
creation of tanks for edible oil and chemicals with full rake rail
evacuation facilities.
UNI CNR MSP CS 1900
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