Adani Ports handles record 420 MMT cargo with 24 percent growth

Adani Ports handles record 420 MMT cargo with 24 percent growth


Ahmedabad (Uttam Hindu News): Adani Ports and Special Economic Zone Limited (APSEZ) to handle record 420 MMT (million metric tonnes) of cargo in FY24 (including international ports), a growth of 24 per cent. The company gave this information on Monday. The company handled more than 38 MMT of goods, the highest ever in a month in March.

“It took 14 years for the company to achieve the first 100 MMT annual cargo throughput, while the second and third 100 MMT throughputs were achieved in five and three years respectively,” said Karan Adani, Managing Director, APSEZ. During FY2024, more than one-fourth of India’s cargo volume was routed through APSEZ ports.

Karan Adani said, “The latest 100 MMT figure has been achieved in less than two years. This is a testament to our commitment and efforts towards enhancing operational efficiencies and maintaining our position as the top port operator in the industry.” Eight ports of the company have shown double digit growth.

Major port Mundra becomes first port in India to handle 16 MMT cargo in a month (October 2023). These achievements were achieved while addressing the challenges of global trade disruption due to the Red Sea crisis, the Russia-Ukraine conflict and the Panama Canal issue, and cyclones Biperjoy and Michong.

In the container segment, the ports of Mundra, Hazira, Kattupalli and Ennore witnessed record volumes. The company said about 44 per cent of containerized sea cargo in India moves through APSEZ ports.

The company’s container volumes have doubled India’s container growth in the last five years. The company said that in the dry cargo segment, ports like Tuna, Mormugao, Karaikal, Krishnapatnam, Gangavaram and Dhamra recorded record volumes in this financial year.



Source link