MARG Karaikal Port, a subsidiary of Chennai
headquartered MARG Limited posted impressive growth in the volume of
cargo handled during FY2012, making the port one of the fastest growing
in the country, according to a report.
The total cargo handled at the port rose to 6.01 million tonnes, notching up a sharp growth of over 26.5% more than the volume of 4.75 million tonnes handled during the previous financial year, reports equitybulls..
One of the major factors in the growth was the increased volume of clean cargo such as fertilizer whose volumes nearly doubled in comparison with the previous financial year. March 2012 was a record setting month with the port handling around 850,000 tonnes of cargo, the highest ever in a single month. Also the port has handled large scale exports of raw sugar for the first time during the year and the port also saw an increase in the exports of processed sugar to various overseas destinations.
Commenting on the MARG Karaikal Port's performance in FY 2011-12, GRK Reddy, Chairman & Managing Director, MARG Group said, "MARG Karaikal Port is fast emerging as one of the finest ports in the South East Coast of India and its performance in FY 2012 is very encouraging. Despite the rising inflation, tight liquidity, high interest rates, industrial slowdown and a challenging business environment, MARG Karaikal Port posted an impressive performance and it has consolidated its position as the new Maritime Gateway to Central Tamil Nadu. Capacity to handle large vessels and diverse cargo, single window clearance, E2E logistics, state-of-the-art equipment, competitive tariffs and an ideal location are hallmarks of MARG Karaikal Port."
The port’s cargo handling capacity and capabilities increased significantly during the past 12 months as 2 new deep draft berths were commissioned, taking the total number of berths available at the port to 5 at present. The port also commissioned dedicated infrastructure to handle containers and liquid cargo and expanded the existing facilities catering to dry bulk cargo.
FY 2011-12 witnessed the launch of container handling services at Karaikal Port when a feeder service linking the port with Colombo and other Indian ports was flagged off. The container services at the port received a further boost in March 2012 with the start of weekly scheduled train services by CONCOR that link Karaikal Port with the CONCOR ICD at Tondiarpet, Chennai.
The total cargo handled at the port rose to 6.01 million tonnes, notching up a sharp growth of over 26.5% more than the volume of 4.75 million tonnes handled during the previous financial year, reports equitybulls..
One of the major factors in the growth was the increased volume of clean cargo such as fertilizer whose volumes nearly doubled in comparison with the previous financial year. March 2012 was a record setting month with the port handling around 850,000 tonnes of cargo, the highest ever in a single month. Also the port has handled large scale exports of raw sugar for the first time during the year and the port also saw an increase in the exports of processed sugar to various overseas destinations.
Commenting on the MARG Karaikal Port's performance in FY 2011-12, GRK Reddy, Chairman & Managing Director, MARG Group said, "MARG Karaikal Port is fast emerging as one of the finest ports in the South East Coast of India and its performance in FY 2012 is very encouraging. Despite the rising inflation, tight liquidity, high interest rates, industrial slowdown and a challenging business environment, MARG Karaikal Port posted an impressive performance and it has consolidated its position as the new Maritime Gateway to Central Tamil Nadu. Capacity to handle large vessels and diverse cargo, single window clearance, E2E logistics, state-of-the-art equipment, competitive tariffs and an ideal location are hallmarks of MARG Karaikal Port."
The port’s cargo handling capacity and capabilities increased significantly during the past 12 months as 2 new deep draft berths were commissioned, taking the total number of berths available at the port to 5 at present. The port also commissioned dedicated infrastructure to handle containers and liquid cargo and expanded the existing facilities catering to dry bulk cargo.
FY 2011-12 witnessed the launch of container handling services at Karaikal Port when a feeder service linking the port with Colombo and other Indian ports was flagged off. The container services at the port received a further boost in March 2012 with the start of weekly scheduled train services by CONCOR that link Karaikal Port with the CONCOR ICD at Tondiarpet, Chennai.
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