Kamarajar Port achieves FY23 cargo throughput of 43.51 MMT

Kamarajar Port Limited (KPL) handled a cargo throughput of 43.51 MMT in 2022-23, up from 38.74 MMT in 2021-22, an increase of 12.31%. In FY 2022-23, the port of Kamarajar’s cargo profile consisted of 59.36% dry bulk, 24.41% containerized cargo, 11.1% liquid bulk and the remaining 5.13% general cargo.

Kamarajar Port is the only major corporate port in India. The port’s first berth was developed in 2001 for handling coal and has now evolved into a multi-commodity transhipment port with the development of state-of-the-art cargo handling terminals. Today, Kamarajar Port is an energy port, with 2/3 of its cargo turnover being contributed by POL, LNG, LPG and coal.

The multi-cargo terminal saw the highest growth of 62.93% through throughput of 1.89 MMT in 2022-23 versus 1.16 MMT in 2021-22. Coal throughput at KPL has increased by 13% with a throughput of 24.24 MMT in 2022-23 compared to 21.48 MMT in 2021-22. Container throughput at KPL increased by 14.55%. 5,50,151 TEU were handled in 2022-23 versus 4,80,257 TEU in 2021-22.

In terms of automobiles, 1,48,307 automobile units were handled in 2022-23 versus 1,35,702 automobile units in 2021-22, with an increase of 9.29%. Long term agreements to use port facilities signed with Maruti Suzuki India Ltd on 12/19/2022, Caterpillar India Pvt Ltd on 02/07/2023 and PCA Automobiles India Pvt Ltd on 02/17/2023. KPL’s agreement with Renault Nissan Alliance (NMIPL) was renewed on 03/17/2023 for the next 5 years, with an additional 5 year extension planned.

According to the Preliminary Unaudited Financial Data, in 2022-23, the port of Kamarajar broke the revenue mark of 1000 Cr for the first time. In March 2023, KPL redeemed a tax-free bond of Rs. 82.93 Cr issued in FY 2012-13. The port recorded a net surplus (profit before tax) of Rs.669.93 Cr in the 2022-23 financial year, up 24.39% from the 2021-22 PBT of Rs.538.59 Cr.

KPL is currently undertaking an ambitious Phase VI capital dredging project to provide a draft of 18m to accommodate the handling of cape size vessels and larger container vessels. According to a Port Authority press release, this project costs Rs.549 crores. The environmental release for the project was already obtained on October 30, 2018, the release said.

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