GG News Bureau
Ahmedabad, 1st April. Adani Ports and Special Economic Zone Ltd (APSEZ) has announced significant accomplishments in the fiscal year 2023-24, with a notable increase of 24 per cent in handling global cargo, reaching a total of 420 million metric tonnes (MMT).
Out of this total, domestic ports contributed over 408 MMT of cargo, as stated in a press release.
The company also reported its highest monthly cargo volumes ever, surpassing 38 MMT in March 2024. Ten of APSEZ ports and terminals achieved record cargo volumes, with Mundra handling 180 MMT, Tuna 10 MMT, Hazira 26 MMT, Mormugao 5 MMT, Karaikal 12 MMT, Ennore 13 MMT, Kattupalli 12 MMT, Krishnapatnam 59 MMT, Gangavaram 37 MMT, and Dhamra 43 MMT.
Karan Adani, the Managing Director of APSEZ, credited this remarkable growth to the company’s customer-focused approach and strategic partnerships. He highlighted that while it took 14 years to reach the first 100 MMT of annual cargo throughput, the subsequent milestones of 200 MMT were achieved in a much shorter time frame, showcasing APSEZ’s dedication to operational excellence and its leading position in the industry.
Despite challenges like global trade disruptions and operational setbacks from natural disasters such as Cyclone Biparjoy and Cyclone Michaung, APSEZ managed to reach various operational milestones.
Mundra port made history by handling 16 MMT of cargo in a single month (October 2023), becoming the first in India to do so. Additionally, APSEZ’s container terminal CT-3 set a record by handling 3 million TEUs during the fiscal year.
In the container segment, APSEZ ports at Mundra, Hazira, Kattupalli, and Ennore achieved record volumes. Mundra port specifically handled 1.9 MTEUs of container volumes by rail, showing a 12 per cent growth from the previous year.
Furthermore, APSEZ ports managed around 44 per cent of India’s containerized seaborne cargo, demonstrating a significant market share in this sector.
In the dry cargo segment, ports like Tuna, Mormugao, Karaikal, Krishnapatnam, Gangavaram, and Dhamra also handled record volumes. Notably, Dhamra port welcomed its first LNG-powered cape-sized vessel, MV Ubuntu Unity, while Krishnapatnam received its largest-ever vessel.
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