Adani Ports handles record 100 MMT cargo in just 99 days, expects 60% growth by 2025

14 Jul 2022 , 11:51 AM

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility, has clocked a cargo throughput of 100 MMT in the first 99 days of FY23. APSEZ hit this record volume on July 08, 2022.

The milestone is significant as it demonstrates the rapidly improving efficiency of APSEZ, which needed a year to achieve 100 MMT cargo volume FY2014.

“In 2021, we stated our ambition to emerge as the world’s largest private port company and India’s largest integrated transport utility by 2030,” said Mr Karan Adani, CEO and Whole Time Director of APSEZ. “When APSEZ’s operations spanned five ports, it took 14 years for the company to achieve 100 MMT of annual cargo throughput.

In the following five years and with operations across nine ports, APSEZ doubled cargo throughput to 200 MMT. We then achieved the milestone of 300 MMT in just three years. We are now poised to grow our cargo volumes by 60% to 500 MMT by 2025 and emerge as the world’s largest port operator by 2030.”

The ability of APSEZ to handle 100 MMT cargo volume in less than one-third time when compared to the time taken in 2014 is driven by tech-based innovations to integrate conventional business processes with new age digital technologies. Other major factors that have catalysed APSEZ’s cargo highpoints are improved efficiencies in fleet and fuel management, asset monitoring, mobility, operational intelligence and performance monitoring of the applications.

APSEZ has set itself a target of 500 MMT of cargo throughput by 2025. In pursuit of this goal, the company has consistently raised its cargo throughput year after year. It had reached the 100 MMT cargo throughput in 109 days last year.

The present growth in cargo is supported by a 12% yoy jump in June 2022 at 31.88 MMT. Coal volumes have continued to show strong recovery of 25% over the previous year.

Compared to the previous year, other key segments that have led this monthly surge are crude at 17% and container at 6%. With a monthly growth volume of 21%, Mundra led this record performance followed by Hazira, Kattupalli & Ennore combined, and Dahej.

At around 11:54 AM, Adani Ports & Special Economic Zone was trading at Rs719.40 per share down by Rs7.55 or 1.04% from its previous closing of Rs726.95 per share on the BSE.