Both Chennai and Kamarajar ports cross ₹1,000 crore operating income in a single FY for the first time

The higher cargo handling by both the major ports during the fiscal brought this creditworthy achievement.

The CPA reported an operating income of ₹1,056 crore for the fiscal ending March 31, 2024 and KPL reported operating income of ₹1,060 crore for FY24

Sunil Paliwal, Chairperson for both the major ports said this performance was possible despite severe competition.

The operating income of CPA has surpassed ₹1,000 crore for the first time in the history, said. Net surplus was the highest ever for the last 13 years, he added. The operating ratio for CPA worked out to 63.17 per cent, which was the best in the last 16 years. The port has nearly 14,000 pensioners and 2,800 employees, he said.

For KPL it was 23 per cent as it is the youngest major port and a ‘lean’ port with not much overhead, he said.

The annual performance was good due to better cargo handling at both the ports.

 Both the ports saw an increase in container handling. The CPA’s container handling went up by eight per cent to 14.70 lakh teus (20 foot equivalent units) while KPL’s handling was up by 22 per cent to 6.71 lakh teus, he said.