Mundra Port and Special Economic Zone (MPSEZ) continued to outperform the major ports in the country in terms of both container and bulk cargo volume growth during the September quarter, reported The Economic Times.
However, the slowing western economies may impact the growth rate of container volumes in the coming quarter, thereby pulling down the performance of the company.
In the quarter ended September 2011, volumes at Mundra port grew 34 percent year-on-year compared with a combined growth of one percent year-on-year of all the major ports. With this, MPSEZ has now become the fourth-largest port in terms of total cargo volumes in the country.
In the September quarter, general cargo volumes at Mundra increased year-on-year by 41 percent to 12.40 million metric tonnes (MMT). Coal imports were the main driver for the company, which grew 56 percent year-on-year.
The government has started levying a minimum alternate tax (MAT) of 18.5 percent on book profits on SEZ developers effective this financial year.
Coal imports from Mundra port is likely to increase after the commencement of two power plants near the port.
Container volumes handled at Mundra Port is set to get a boost with the commencement of double stack container trains from Container Corporation of India between Patli in the national capital region and the Mundra port.
However, the slowing western economies may impact the growth rate of container volumes in the coming quarter, thereby pulling down the performance of the company.
In the quarter ended September 2011, volumes at Mundra port grew 34 percent year-on-year compared with a combined growth of one percent year-on-year of all the major ports. With this, MPSEZ has now become the fourth-largest port in terms of total cargo volumes in the country.
In the September quarter, general cargo volumes at Mundra increased year-on-year by 41 percent to 12.40 million metric tonnes (MMT). Coal imports were the main driver for the company, which grew 56 percent year-on-year.
The government has started levying a minimum alternate tax (MAT) of 18.5 percent on book profits on SEZ developers effective this financial year.
Coal imports from Mundra port is likely to increase after the commencement of two power plants near the port.
Container volumes handled at Mundra Port is set to get a boost with the commencement of double stack container trains from Container Corporation of India between Patli in the national capital region and the Mundra port.