Adani Ports records 13Percentage jump in September cargo volumes

8 Oct 2022 , 01:34 AM

Adani Ports Special Economic Zone announced that in September 2022 the company recorded 13Percentage YoY growth in cargo volumes to reach 261 MMT This volume jump is despite an extended monsoon which adversely impacted the coal demandimports and the banhigher duties on rice exports imposed at the beginning of the month In the initial six months of FY23 the company managed 1775 MMT of cargo which is a good 11Percentage increase over the corresponding period last year The average monthly cargo run rate is well aligned within our annual guided range of 350 -360 MMT During 1HFY23 east coast volumes are up 13Percentage YoY supported by Krishnapatnam 13Percentage Gangavaram 9Percentage and Kattupalli Ennore combined 51Percentage The west coast volume jump of 10Percentage is supported by Mundra 8Percentage Dahej 65Percentage Tuna 19Percentage and Goa 22Percentage