The first half of the 2022-23 financial year has proved to be an all-time record best for Adani Ports and Special Economic Zone (APSEZ). Cargo volumes in this period were up by 15% compared to the equivalent months of 2021-22, while revenues jumped by 33% and profitability by 31% Extending this strong performance into October, APSEZ achieved 200 million tonnes of cargo throughput within the first seven months of the year, another new milestone.
Volume growth will be further fuelled by recently commissioned facilities including a new container terminal at Gangavaram, and liquid storage tanks at Katupalli, while a 5 million tonnes a year LNG terminal in Dhamra is due to be commissioned by the end of the year.
The growth in APSEZ cargo volume was led by dry cargo, up 18%, and containers which rose by 5%. The automobile segment, though a small proportion of overall volumes, achieved a 35% jump.
APSEZ points out that Mundra continues to be the largest container handling port in India, with a 3.28 million TEU throughput in the first half of the year, compared with the 2.96 million TEU achieved by JNPT.