Adani Ports breaks cargo volume monthly record


Adani Ports and Special Economic Zone Ltd (APSEZ) has handled its highest ever monthly cargo volume at 32.3 million metric tonnes in April.

The number reflects a year-on-year growth of 12.8 per cent.

According to Adani, the growth in cargo volumes was supported by a dry cargo volumes increase of 9 per cent and a year-on-year increase in container throughput of 13.6 per cent.

Total rail container volumes grew 22 per cent from the year prior to 47,122 TEU in April and bulk cargo volumes jumped 40 per cent to 1.4 million metric tonnes.

Four ports recorded significant sequential growth in monthly volumes, including Krishnapatnam port which handled 5.2 million metric tonnes, reflecting a 22.6 per cent year-on-year increase.

Dhamra Port handled 3.3 million metric tonnes, reflecting 36.8 per cent year-on-year increase.

Tuna Port achieved a 57.6 per cent yearly increase having handle 1.15 million metric tonnes, while ports of Katupalli & Ennore combined to handle 1.7 million metric tonnes, a 13.3 per cent yearly increase.

READ: Adani Ports new assets bring revenues to near $2 billion

“Growth in cargo volumes across most of our ports reflects that our strategy of improving operational efficiency is delivering results and this will continue to boost the ROCE of port assets” said Karan Adani, CEO and Whole Time Director, APSEZ.

“I am also pleased to announce that Dhamra LNG Terminal berthed its first ship and the natural gas started flowing in the pipeline network connected to the terminal, well in line with our guidance of achieving the LNG terminal commissioning during Q1 FY24.”

READ: Adani Ports moves more than 8.5 million TEU

This report comes as Adani just completed the sale of its port in Myanmar for $30 million.

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