Adani Ports handled 32 million tonnes of cargo in March

5 Apr 2023 , 03:05 AM

Adani Ports and Special Economic Zone Ltd (APSEZ), a major player in India’s integrated port sector and a subsidiary of the diversified Adani Group, has reported handling approximately 32 MMT of cargo in March 2023.

This signifies a year-on-year growth of approximately 9.5%, and for the first time since July 2022, the volumes have surpassed the 30-MMT threshold.

APSEZ achieved its highest-ever port cargo volumes in FY23, amounting to approximately 339 MMT (April 2022 – March 2023), indicating a substantial year-on-year growth of around 9%.

Adani Ports has consistently been gaining market share over the past several years and surpassing India’s overall cargo volume growth.

APSEZ witnessed a significant rise in container volumes across India, reaching around 8.6 MTUs in March 2023, indicating a yoy increase of 5%. Out of this, Mundra alone accounted for around 6.6 MTUs, retaining its position as India’s biggest seaport, with total cargo handling of approximately 155 MMT during the year. Furthermore, the logistics business segment also reported a record-breaking year.

Adani Ports achieved a new milestone in container rakes handled during the year, crossing 500,000 TEUs, indicating a significant year-on-year increase of 24%. Additionally, the bulk cargo transported exceeded 14 MMT, signifying a massive YoY jump of 62%.

During this financial year, APSEZ achieved several significant milestones, including the docking of 6,573 ships, servicing of 40,482 rakes, and handling of 48,89,941 trucks, trailers, and tankers.

Adani Ports also said that it serviced a total of 3,068 unique customers across various business units.

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