Most major ports report robust financial health, with modernisation and digitalisation driving profitability despite challenges.
India’s major ports have reported overall sound financial health for FY 2023-24, showcasing their ability to maintain profitability amid various challenges. However, some ports continue to face issues related to financial sustainability, including pension shortfalls, high dredging costs, restrictions on handling certain commodities, competition from non-major ports, and ongoing legal and arbitration cases.
To address these challenges and enhance profitability, major ports are actively pursuing modernisation and mechanisation of berths and terminals, deepening shipping channels, digitalising processes, and implementing strategic marketing initiatives to adapt to evolving trade demands.
Operating Surplus and Net Surplus of Major Ports for FY 2023-24
| Port | Operating Surplus(in Rs crore) | Net Surplus(in Rs crore) |
| Syama Prasad Mookerjee Port | 1296.90 | 501.73 |
| Paradip Port | 1512.93 | 1571.10 |
| Visakhapatnam Port | 1201.37 | 719.51 |
| Kamarajar Port | 807.00 | 760.50 |
| Chennai Port | 388.91 | 217.69 |
| V.O. Chidambaranar Port | 652.86 | 666.05 |
| Cochin Port | 487.66 | 9.82 |
| New Mangalore Port | 545.72 | 551.02 |
| Mormugao Port | 239.00 | -48.04 |
| Mumbai Port | 1206.69 | -269.36 |
| Jawaharlal Nehru Port | 1642.66 | 1836.29 |
| Deendayal Port | 1442.00 | 1685.61 |
The Ministry of Ports, Shipping & Waterways is committed to driving operational efficiency and financial sustainability for major ports across India. Detailed port-wise data on operating and net surplus for FY 2023-24 is available in Annexure-I, as shared by Union Minister Sarbananda Sonowal in a written reply to the Rajya Sabha.