NEW DELHI: Billionaire Gautam Adani’s Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday reported 9 consistent with cent expansion in shipment dealing with at seaports it operates for fiscal yr ended March 31.
At 339 million tonnes, that is the most important port shipment ever, APSEZ mentioned in a remark.
The company treated about 32 million tonnes of overall shipment in March, up 9.5 consistent with cent year-on-year.
This is the primary time since July 2022 that the volumes crossed the 30-million tonne mark.
“With 339 million tonne in FY23 (April 2022 to March 2023), APSEZ recorded its largest port cargo volumes ever, which is a good 9 per cent year-on-year growth,” it mentioned.
“Adani Ports has been continuously increasing its market share for the past years, outperforming all of India’s cargo volume growth,
The nation’s largest port operator, which operates six ports on the west coast and five on the east, continues to add ports to its portfolio.
Earlier this week, it completed the Acquisition of Karaikal Port,
While the 11 ports it operates handle 25 per cent of total port volumes, the firm is also developing two transshipment ports at Vizhinjam, Kerala and Colombo, Sri Lanka.
“The development in shipment volumes is testimony to the religion that our shoppers have in us,” said Karan Adani, CEO, APSEZ. “APSEZ’s flagship port, Mundra (in Gujarat), is outpacing all its closest competitors and remains to be the most important port within the country in the case of volumes treated. Mundra’s infrastructure meets the sector requirements and offers carrier ranges on par with the ones of its world competition, making it India’s gateway for container items.”
The overall container volumes handled by APSEZ in India jumped to 8.6 million TEUs (twenty-foot equivalent units), a 5 per cent year-on-year growth, including 6.6 million TEUs at Mundra alone.
Mundra continues to be India’s largest seaport with 155 million tonnes of total cargo handled during the year.
The logistics business segment also had a record year. The container rakes handled during the year achieved a new milestone crossing 500,000 TEUs (24 per cent rise), while the bulk cargo transported exceeded 14 million tonnes, implying a 62 per cent yoy jump.
“This monetary yr witnessed APSEZ atmosphere some new milestones at the rely of ships docked (6,573), rakes serviced (40,482), and the vans, trailers and tankers treated (48,89,941). Adani Ports serviced 3,068 distinctive shoppers throughout its other trade devices,” the statement said.
Increase in cargo volume at ports reflects the expanding economy. Almost 95 percent of the trade volumes in India are carried through maritime transport.
“APSEZ persistently works on shipment diversification in any respect its ports. This yr, Krishnapatnam Port effectively added soybeans, fit to be eaten oil and sugar to its shipment portfolio whilst Dighi Port treated sugar for the primary time and Dhamra its first rice vessel for export to Bangladesh,” the statement said.
“APSEZ’s success underscores its skill to evolve to fast moving adjustments because of world marketplace and geopolitical volatility and proceed its adventure in opposition to sustainable expansion.”
At 339 million tonnes, that is the most important port shipment ever, APSEZ mentioned in a remark.
The company treated about 32 million tonnes of overall shipment in March, up 9.5 consistent with cent year-on-year.
This is the primary time since July 2022 that the volumes crossed the 30-million tonne mark.
“With 339 million tonne in FY23 (April 2022 to March 2023), APSEZ recorded its largest port cargo volumes ever, which is a good 9 per cent year-on-year growth,” it mentioned.
“Adani Ports has been continuously increasing its market share for the past years, outperforming all of India’s cargo volume growth,
The nation’s largest port operator, which operates six ports on the west coast and five on the east, continues to add ports to its portfolio.
Earlier this week, it completed the Acquisition of Karaikal Port,
While the 11 ports it operates handle 25 per cent of total port volumes, the firm is also developing two transshipment ports at Vizhinjam, Kerala and Colombo, Sri Lanka.
“The development in shipment volumes is testimony to the religion that our shoppers have in us,” said Karan Adani, CEO, APSEZ. “APSEZ’s flagship port, Mundra (in Gujarat), is outpacing all its closest competitors and remains to be the most important port within the country in the case of volumes treated. Mundra’s infrastructure meets the sector requirements and offers carrier ranges on par with the ones of its world competition, making it India’s gateway for container items.”
The overall container volumes handled by APSEZ in India jumped to 8.6 million TEUs (twenty-foot equivalent units), a 5 per cent year-on-year growth, including 6.6 million TEUs at Mundra alone.
Mundra continues to be India’s largest seaport with 155 million tonnes of total cargo handled during the year.
The logistics business segment also had a record year. The container rakes handled during the year achieved a new milestone crossing 500,000 TEUs (24 per cent rise), while the bulk cargo transported exceeded 14 million tonnes, implying a 62 per cent yoy jump.
“This monetary yr witnessed APSEZ atmosphere some new milestones at the rely of ships docked (6,573), rakes serviced (40,482), and the vans, trailers and tankers treated (48,89,941). Adani Ports serviced 3,068 distinctive shoppers throughout its other trade devices,” the statement said.
Increase in cargo volume at ports reflects the expanding economy. Almost 95 percent of the trade volumes in India are carried through maritime transport.
“APSEZ persistently works on shipment diversification in any respect its ports. This yr, Krishnapatnam Port effectively added soybeans, fit to be eaten oil and sugar to its shipment portfolio whilst Dighi Port treated sugar for the primary time and Dhamra its first rice vessel for export to Bangladesh,” the statement said.
“APSEZ’s success underscores its skill to evolve to fast moving adjustments because of world marketplace and geopolitical volatility and proceed its adventure in opposition to sustainable expansion.”