Goods traffic increased from Adani Ports.
New Delhi:
Adani Group Company Adani Ports and Special Economic Zone (APSEZ) has achieved tremendous growth in cargo volume in August. The company (Adani Ports) has stated in its exchange filing that Adani Ports achieved 17% growth in cargo volume year-on-year in August.
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Tremendous surge in cargo volume
According to an exchange filing, the cargo volume of Adani Port and SEZ increased to 34.2 MMT in August, 2023, representing a growth of 17% year-on-year. Container growth and liquid-gas growth are major contributors to cargo volume growth. During this period, container growth has been 27.6%, while liquids and gas growth has been recorded at 69%.
The company’s Mundra port recorded its highest ever monthly cargo volume of 15.32 MMT. Mundra Port has run a total of 1776 trains, the highest ever, including 1532 container trains.
Cargo volume in the first 5 months
During the first five months (April-August) of FY2024, APSEZ handled a total of 169.6 MMT of cargo, showing a robust growth of 12% year-on-year, Adani Port said in an exchange filing.
Bumper growth in the first quarter
Adani Ports’ cargo handling rose 11.5% to 101.4 MMT in the April-June quarter of FY24 when the company released the figures in July. Adani Ports handled 101.4 million metric tonnes of cargo in the quarter. In the first quarter, containers grew by 19%, liquids and gases by 8% and dry bulk by 7%.
The logistics business is also witnessing significant growth, with record YTD rail volumes at 24% YoY growth at 231,689 TEUs and GPWIS also at 7.37 MMT at 42% growth.
APSEZ is the largest commercial port operator in India. which accounts for one-fourth of the country’s cargo movement. It is present at 13 local ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.