Billionaire Gautam Adani’s Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday reported 9 in line with cent expansion in shipment dealing with at seaports it operates for fiscal 12 months ended March 31.
At 339 million tonnes, that is the biggest port shipment ever, APSEZ mentioned in a remark.
The company treated about 32 million tonnes of general shipment in March, up 9.5 in line 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 country’s biggest port operator, which operates six ports at the west coast and 5 at the east, continues so as to add ports to its portfolio.
Earlier this week, it finished the purchase of Karaikal Port.
While the 11 ports it operates care for 25 in line with cent of general port volumes, the company may be growing two transshipment ports at Vizhinjam, Kerala and Colombo, Sri Lanka.
Also learn: Adani Ports acquires Karaikal Port for 1,485 crore
“The improvement in cargo volumes is testimony to the faith that our customers have in us,” mentioned Karan Adani, CEO, APSEZ. “APSEZ’s flagship port, Mundra (in Gujarat), is outpacing all its closest rivals and continues to be the largest port in the nation in terms of volumes handled. Mundra’s infrastructure meets the world standards and provides service levels on par with those of its global competitors, making it India’s gateway for container goods.”
The total container volumes treated by way of APSEZ in India jumped to eight.6 million TEUs (twenty-foot identical gadgets), a 5 in line with cent year-on-year expansion, together with 6.6 million TEUs at Mundra by myself.
Mundra is still India’s biggest seaport with 155 million tonnes of general shipment treated all over the 12 months.
The logistics trade phase additionally had a document 12 months. The container rakes treated all over the 12 months accomplished a brand new milestone crossing 500,000 TEUs (24 in line with cent upward push), whilst the majority shipment transported exceeded 14 million tonnes, implying a 62 in line with cent yoy soar.
“This financial year witnessed APSEZ setting some new milestones on the count of ships docked (6,573), rakes serviced (40,482), and the trucks, trailers and tankers handled (48,89,941). Adani Ports serviced 3,068 unique customers across its different business units,” the remark mentioned.
Increase in shipment quantity at ports displays the increasing financial system. Almost 95 p.c of the business volumes in India are carried thru maritime shipping.
“APSEZ consistently works on cargo diversification at all its ports. This year, Krishnapatnam Port successfully added soybeans, edible oil and sugar to its cargo portfolio while Dighi Port handled sugar for the first time and Dhamra its first rice vessel for export to Bangladesh,” the remark mentioned.
“APSEZ’s achievement underscores its ability to adapt to fast-paced changes due to global market and geopolitical volatility and continue its journey towards sustainable growth.”