Adani Ports handles cargo volume of 234.31 MMT rising by 35% yoy in 9MFY22, flagship port Mundra logs 8% yoy growth

4 Jan 2022 , 11:21 AM

Adani Ports has announced the operational performance of the company during the nine months ending December 31, 2021.

The company’s portfolio of ports handled a cargo volume of 234.31 MMT a growth of 35% on a yo-y basis, which surpassed the cargo volume handled by APSEZ in FY20.

In the latest period, the company’s Non-Mundra ports grew by 74% and contributed 52% of the total cargo basket.

Meanwhile, Mundra the flagship port of APSEZ grew by 8% and handled a cargo volume of 113 MMT. Also, container volume across the ports crossed 6 Mn TEUs of which 4.9 Mn TEUs were handled at Mundra Port.

Parity between east coast and west coast ports during the period was 38%:62% compared to 24%:76%.

Dry cargo volume registered a growth of 49% and surpassed 116 MMT.

At around 11.20 am, Adani Ports was trading at Rs739.10 per piece up by 0.4% on Sensex.