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The Hindu
The Hindu
National
The Hindu Bureau

New Mangalore Port Authority’s profit expected to touch ₹450 crore during 2023-24, says chairman A.V. Ramana

Shobha Karandlaje India Nalin Kumar Kateel Economy Mangaluru

The chairman of New Mangalore Port Authority (NMPA) A.V. Ramana said here on Sunday, August 20, that the authority is expected to earn a profit of ₹450 crore during 2023-24.

Speaking at the Karnataka region curtain raiser of Global Maritime India Summit (GMIS), 2023, scheduled at Delhi for three days from October 17 at NMPA, he said that the port’s profit after tax during 2022-23 stood at ₹375 crore.

He said that the port is working with the State government to launch day heli (helicopter) taxi service for cruise passengers calling at the port. Such passengers can take off from the port, visit nearby tourist destinations and return to the ship by evening to sail out.

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