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Ore volume at PPT rises 329%

Ore volume at PPT rises 329%
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Paradip Port Trust (PPT) handled 329 percent more iron ore at 7.65 lakh ton during April-May 2013 compared to 1.78 lakh ton in the year-ago period.

The strong growth in ore throughput from the port has given rise to hope of a revival in its export, which has been dwindling for the past couple of years.

During the two months, the port witnessed rise in throughput in some other cargoes as well. The other items, whose throughputs too increased during the period, included fertiliser raw materials, which posted a 49.3 per cent growth at 6.1 lakh tons, thermal coal (47.33 per cent rise at 4.3 mn t), coking coal (23.87 per cent increase at 1.03 mn t) and POL traffic (22.26 per cent jump at 3.44 mn t).

A record volume of 40,613 ton of pyroxenite was imported in May, surpassing the previous best of 36,500 ton in January 2012, reports indicate.

The total traffic handled in the first two months (April-May) of the current fiscal comes to 11.56 mn t, as compared to 8.11 mn t in the same period of the previous year, or an increase of 42.35 per cent.

This was again highest in the country and shows an increase of 6.56 per cent over the target fixed for the period.

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