The Adani Ports group has become the first Indian port operator in the private sector to handle over 200 million tonnes. The milestone was reached on March 21st, when the company received over 20 vessels at its network of ports along India’s East and West coasts in single day.
Since staring operations in 2001, Adani Ports has achieved increasingly rapid growth. It took 12 years to handle the first 50 million tonnes of cargo, but the company reached 100 million tonnes within the next three years and a took only a further five years to hit 200 million tonnes. The company now claims a 17% market share in the Indian ports business, and to be one of the five fastest growing port operators worldwide.
According to Karan Adani, chief executive, Adani Ports originally aimed to pass the 200 million tonnes milestone in 2020 but has been able to achieve it earlier as a result of technology-driven increases in operational efficiency, including the introduction of electrically-powered eRTGs among other innovations, as well as improved asset utilisation levels. “Robust capacity addition at leading ports such as Dhamra and Mundra, as well as deepening our presence close to the hinterland, with new facilities such as Ennore and Kattupalli, have also played a critical role in this journey,” he added.
Adani Ports plans to accelerate growth rates over the next few years and to reach the 400 million tonnes landmark by 2025. Mr. Adani says, “The focus for the immediate future is to reduce turnaround times, drive up volumes without adding resources increase in-transit visibility and eliminate unproductive trips. One of the sweet things for our customers is they will get real-time operational status updates from the comfort of their locations.”