Cochin Port Trust has received two Best Performance Awards from Ministry of Shipping for the highest growth in operating surplus and also for achieving third highest growth in cargo traffic among the major ports in the year 2016-17.
The awards were received from Union Minister for Road Transport and Highways and Shipping Nitin Gadkari by P Raveendran, Chairman and A V Ramana, Dy Chairman, Cochin Port Trust at a function held at Goa yesterday, Port Trust officials said.
They said Cochin Port Trust has registered an operating profit of Rs 127.72 crore during 2016-17 as against Rs 70.89 crore during 2015-16 recording a growth of 80 per cent.
Operating profit during 2014-15 was Rs 19.55 crore.
The Port handled 25.01 MMT cargo during 2016-17 with a growth of 13.2 per cent over 22.10 MMT handled in 2015-16.
The containers handled during 2016-17 is 4.91 lakh TEUs with a growth of 17.0 per cent over 4.20 lakh TEUs in 2015-16.