Gadkari reviews Monsoon Preparedness for Safer Highways (See 'Corp Brief') Skymap Pharmaceuticals approved as Strategic Buyer for disinvestment of IMPCL (See 'Corp Brief') A&C - SpiceJet is directed to deposit outstanding amount immediately while also applying costs: HC (See 'Legal Desk') PM-WANI Ecosystem undergoes Comprehensive Transformation to enable Inclusive Digital Connectivity (See 'Corp Brief') Sales of Khadi and Village Industry Products surpasses Rs 1.87 Lakh Crore-mark (See 'Corp Brief') SARFAESI - Suit's substantive reliefs concern specific performance and enforcement of agreements, plaint cannot be rejected at threshold under Order VII Rule 11 CPC merely because SARFAESI measures are also in background: HC (See 'Legal Desk') Reddy directs Agencies to Fast-Track Pending Mining & Exploration Projects (See 'Corp Brief') Meghalaya Minister discusses STI Hubs for Tribal Communities in Northeast with MoS (See 'Corp Brief') Govt strengthening Preventive Healthcare through Yoga and Naturopathy: Jadhav (See 'Corp Brief') Gadkari reviews NH Projects in Rajasthan and HP (See 'Corp Brief') Secretary reviews Progress of Mineral Block Auctions and Operationalisation (See 'Corp Brief') FERA - Receipt by person in India of Indian currency through cheque drawn on NRE account, even if that account had been funded by foreign currency deposits, does not by itself constitute contravention of Sec 8(1): HC (See 'Legal Desk') Parcel and Logistics Services register 70% growth; Revenue Potential pegged at Rs.10,000 Crore (See 'Corp Brief') Department of Consumer Affairs holds stakeholder meeting on Different Pack Sizes for Edible Oils (See 'Corp Brief') 'Spice and Heal' Initiative can Position India as Global Wellness Leader: Jadhav (See 'Corp Brief') Competition Act - Allegations relating to use of unlicensed/private vehicles & regulatory violations is not competition law issue u/s 3 and 4 of Competition Act: CCI (See 'Legal Desk') Moratorium under the IBC (See CORP EINSICHT) NMDC launches Summer Camp for 1700 Children in Dakshin Bastar (See 'Corp Brief') Benami Act - Confiscation under Benami Act is civil consequence and distinct from prosecution: SC (See 'Legal Desk') 'Janjati Samagam' will, in coming years, gain global recognition as Kumbh of tribal communities (See 'Corp Brief') At Siliguri's 19th employment fair, 82 young people receive appointment letters (See 'Corp Brief') IBC - During subsistence of moratorium u/s 14 IBC, lessor cannot terminate subsisting lease and recover possession of leased property occupied by corporate debtor by invoking contractual breach clauses: HC (See 'Legal Desk')

Paradip Port sets new record with 41.12 mn MT of Cargo Handling in First 100 Days

Published: Jul 11, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 11, 2024: PARADIP Port Authority (PPA) has marked a momentous achievement in its operational history, clocking an unprecedented 41.12 Million Metric Tons (MMT) cargo handling within the first 100 days of the fiscal year 2024-25. This outstanding performance sets a new record for the port, reflecting a 4.78 per cent growth compared to the 39.25 MMT achieved during the same period in the previous fiscal year, FY 2023-24.

This significant accomplishment underscores the port's critical role in bolstering India's maritime infrastructure and its unwavering commitment to enhancing operational efficiency and capacity.

Under the dynamic leadership and visionary guidance of Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, PPA has surpassed its previous benchmarks, showcasing notable growth and efficiency in its operations.

PPA Chairman, P.L. Haranadh, expressed his deep gratitude to the Minister, attributing this monumental success to his unwavering support and strategic direction.

This achievement highlights Paradip Port Authority's ongoing commitment to setting new benchmarks in cargo handling and contributing significantly to the nation's economic growth. As PPA continues to expand its capabilities and improve its services, it remains dedicated to supporting India's maritime infrastructure and fostering economic development.

TIOL CORP SEARCH

TIOL GROUP WEBSITES