Jawaharlal Nehru Port Container Traffic Surges 10.6% in Q1
By Rediff Money Desk, Mumbai Jul 03, 2024 18:51
Jawaharlal Nehru Port (JNPA) witnessed a 10.6% rise in container traffic during the April-June quarter, reaching 1,688,145 TEUs. JNPA also saw a significant increase in container handling through rakes in June.
Mumbai, Jul 3 (PTI) Country premier container port Jawaharlal Nehru Port on Wednesday said it logged a 10.60 per cent growth year-on-year in container traffic at 1,688,145 TEUs in the April-June quarter of this fiscal.
The port had handled 1,526,145 TEUs in the first quarter of 2023-24, Jawaharlal Nehru Port Authority (JNPA) said.
At the same time, JNPA said it handled 567,392 TEUs (Twenty-foot Equivalent Units) of containers in June 2024, representing an increase of 19.11 per cent compared to the traffic in June last year, which was 476,350 TEUs of containers.
There is also an increase in the rakes share as the containers handled through rakes in June stood at 86,333 TEUs, which was an increase of 17.13 per cent compared to 73,707 TEUs in June 2023, the port said.
"JNPA has continued its growth trajectory with a significant increase in handling TEUs. This quarterly performance is part of the efforts to reduce logistics costs and time by providing efficiency in EXIM and ease of doing business," said Unmesh Sharad Wagh, IRS, Chairman of JNPA.
The June quarter of the current financial year has been very fruitful for JNPA as the facility also received the cabinet's approval for the mega port project of Vadhvan, which is going to be a game changer for the Indian Maritime sector, Wagh added.
"The Vadhvan greenfield port project is a catalyst for strengthening economies of scale and transcending the conventional way of port operations in India," he added.
The port had handled 1,526,145 TEUs in the first quarter of 2023-24, Jawaharlal Nehru Port Authority (JNPA) said.
At the same time, JNPA said it handled 567,392 TEUs (Twenty-foot Equivalent Units) of containers in June 2024, representing an increase of 19.11 per cent compared to the traffic in June last year, which was 476,350 TEUs of containers.
There is also an increase in the rakes share as the containers handled through rakes in June stood at 86,333 TEUs, which was an increase of 17.13 per cent compared to 73,707 TEUs in June 2023, the port said.
"JNPA has continued its growth trajectory with a significant increase in handling TEUs. This quarterly performance is part of the efforts to reduce logistics costs and time by providing efficiency in EXIM and ease of doing business," said Unmesh Sharad Wagh, IRS, Chairman of JNPA.
The June quarter of the current financial year has been very fruitful for JNPA as the facility also received the cabinet's approval for the mega port project of Vadhvan, which is going to be a game changer for the Indian Maritime sector, Wagh added.
"The Vadhvan greenfield port project is a catalyst for strengthening economies of scale and transcending the conventional way of port operations in India," he added.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- NHC Foods
- 1.55 ( -4.91)
- 98776771
- Vodafone Idea L
- 9.36 ( -5.93)
- 90807513
- AvanceTechnologies
- 0.75 ( -3.85)
- 21672607
- Srestha Finvest
- 0.68 ( -2.86)
- 18249352
- Zomato
- 214.65 ( -10.92)
- 17585878
MORE NEWS
Budget Wishlist: Telecom Reforms for Digital Infra
Digital infrastructure providers seek reforms in power tariffs, tax structure & AGR...
JSW Group to Invest Rs 3 Lakh Cr in Maharashtra...
JSW Group announced plans to invest Rs 3 lakh crore in Maharashtra, including steel...
ICICI Pru Life Q3 Profit Surges 43% to Rs 326...
ICICI Prudential Life Insurance reported a 43% jump in net profit to Rs 326 crore for...