During the month of July 2020, India’s Adani Ports group handled 18.3 million tonnes of cargo, a growth rate of 6% on a year-on-year basis and 31% more than in June this year. According to the company, “This trend gives us confidence that the worst is behind us and going forward cargo volume in the 2020-2021 financial year is expected to stabilise.”
Adani also points out that Mundra port became the largest container handling port in India handling 0.97 million teu in the first quarter of the 2020/2021 financial year, surpassing JNPT’s volume of 0.85 million teu. Overall, the Adani group handled 1.23 million teu across its network of ports, out of 3.22 million teu for India as a whole.
One of the key trends highlighted by Adani in the first quarter of the financial year was a strong increase in port rail volumes, which jumped by 37% from 56,060 teu to 76,925 teu. Adani is now the largest private rail operator in India.