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APSEZ records robust 26% YoY growth, crossing 200 MMT milestones

Friday 6th Oct 2023    1
APSEZ records robust 26% YoY growth, crossing 200 MMT milestones
 

In September, Adani Ports and Special Economic Zone (APSEZ) experienced a remarkable 26% year-on-year increase in total cargo volumes, to 32.8 million tonnes (MMT). This growth included all cargo segments, including containers (20%), dry bulk (32%), and liquefied and gas (21%), as stated in the company's press release.

APSEZ's logistics volumes also experienced significant growth, with half-yearly rail volumes of 279,177 TEU (20%) and general purpose wagon investment scheme (GPWIS) volumes of 8.92 MMT (42%).

From April to September, APSEZ managed an impressive 202.6 MMT total cargo, surpassing the 200 MMT milestones in the first half of the year. This growth was supported by all major ports in APSEZ's portfolio, with container cargo increasing by 18% to 74.8 MMT and dry bulk growing by 10% to 106.3 MMT.

In August, APSEZ's total cargo volume increased by 17% compared to the previous year to 34.2 MMT. Adani Ports operates six ports and terminals on the west coast, including Mundra, Dahej, Tuna and Hazira in Gujarat, Mormugao in Goa and Dighi in Maharashtra. In addition, the company manages five ports and terminals on the east coast, namely Dhamra in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh and Kattupalli and Ennore in Tamil Nadu.

 
 
 
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