Print
PDF
Adani Ports and Special Economic Zone Ltd (APSEZ) has clocked a cargo throughput of 100 million tonnes in just the first 99 days of the 2022-2023 financial year.
APSEZ hit this record volume on July 8th. By contrast as recently as the 2014 financial year it took the company a whole year to hit the 100 million tonnes mark.
“In 2021, we stated our ambition to emerge as the world’s largest private port company and India’s largest integrated transport utility by 2030,” said Karan Adani, CEO of APSEZ. “When our operations spanned five ports, it took 14 years for the company to achieve 100 million tonnes of annual cargo throughput. In the following five years and with operations across nine ports, APSEZ doubled cargo throughput to 200 million tonnes. We then achieved the milestone of 300 million tonnes in just three years and are poised to grow our cargo volumes by 60 per cent to 500 million tonnes by 2025.”
Coal volumes have continued to show a strong recovery of 25 per cent over the previous year, while other key segments that have led this recent surge include crude oil, at 17 per cent, and container traffic, at 6 per cent growth rates. With an average monthly growth volume of 21 per cent, in the first quarter of the financial year Adani’s port of Mundra led this record performance, followed by Hazira, Kattupalli and Ennore combined, and then the port of Dahej.
