Over the first half of the 2022 financial year, ending September 30th, Adani Ports and Special Economic Zones (APSEZ) achieved a total cargo volume of 144 million tonnes, a growth rate of 47% compared with the same period in the 2021 financial year. Its market share of all Indian cargo increased to 28.6%, while it now has 42.5% of container volumes handled in India.
Karan Adani, Chief Executive Officer, says, “We have delivered a strong first half, which is a testimony to our growth story. Our acquisitions of Sarguja rail, Dighi port and Gangavaram port, alongside the foray into Sri Lanka with a greenfield port in Colombo, all made during the first six months of 2021, are steps in that direction and we are on track to achieve our volume target for this financial year.”
Ports on the east coast grew by 134% and those on the west coast grew by 26%. The upturn in cargo volume was led by dry cargo, which was up by 59%, containers, which jumped by 42% and liquids which increased by 27%. In the container segment, APSEZ handled 4.11 million TEU out of 9.67 million TEU handled at all Indian ports. Mundra continues to be the largest container handling port in its portfolio, with 3.2 million TEU moved in the period.