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Mormugao port in the red for 3 years: Centre - India Seatrade News

Summary by indiaseatradenews.com

In the last three years, the Mormugao Port Authority (MPA) has recorded losses, including a loss of Rs 13.8 crore in 2023-24, the Union Ministry of Ports, Shipping and Waterways said. The port’s losses widened by 32% from 2022-23, according to data released by the Union ministry. The main reason for the continued losses is the allocation of surplus funds towards building a Rs 2,400 crore pension corpus for the port, which currently has 946 emplo…

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indiaseatradenews.com

Mormugao port in the red for 3 years: Centre - India Seatrade News

In the last three years, the Mormugao Port Authority (MPA) has recorded losses, including a loss of Rs 13.8 crore in 2023-24, the Union Ministry of Ports, Shipping and Waterways said. The port’s losses widened by 32% from 2022-23, according to data released by the Union ministry. The main reason for the continued losses is the allocation of surplus funds towards building a Rs 2,400 crore pension corpus for the port, which currently has 946 emplo…

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indiaseatradenews.com broke the news in 3 months ago on Saturday, December 28, 2024.

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