Cargo volumes moving through the Adani Ports’ network in India increased by 15% over the first 9 months of the current 2018/19 financial year. The largest of the group’s ports, Mundra, achieved a 10% increase, taking throughput above 100 million tonnes. Significant growth rates were also achieved at Kattupalli (+18%), Hazira (+20%) and Dahej (+30%).
As well as its own ports, Adani operates terminals situated in the Indian major ports of Tuna, Goa, Vizag and Ennore. These terminals handled over 9 million tonnes of cargo between them over the first 9 months of the 2018/19 financial year and continue to grow “exponentially”, Adani states.
Chief executive officer, Karan Adani, says: “All types of cargo, including container, coal, crude oil and dry bulks, showed double digit growth over these 9 months. We will continue our strategy to diversify cargo mix and continuously add economic hinterland reach.”
Overall the Adani Ports handled 154 million tonnes in the first nine months of the 2019 financial year. The company says it is on track to break its initial target of 200 million tonnes for the full 12 month period.