New Delhi, April 23 -- India's major ports handled 819.3 million tonnes (mt) of cargo traffic in the fiscal year 2023-24, registering a year-over-year increase of around 5 per cent, driven by rising iron ore exports and increasing coking coal imports.
The cargo traffic in the previous fiscal year 2022-23 stood at 784.3 mt, according to data from the Indian Ports Association.
Coking coal and PCI (Pulverised Coal Injection) shipments, including met coke, increased by 10.24 per cent to 65 mt in the last fiscal year, backed by strong domestic demand and increased production.
India is among the largest importers of coking coal globally, a crucial raw material for steelmaking.
Iron ore shipments witnessed a significant surge of 33 per cen...