Cargo volumes handled by Adani Ports and Special Economic Zone (APSEZ) in the second quarter of 2020/21 were up 36% compared to the first quarter, the group reports, with the group’s share of all India cargo volumes rising to 24%. On a year on year basis, Adani’s total cargo increase was around 7%.
Combined, the company’s ports handled 56.25 million tonnes in the second quarter, while in October alone its ports handled 22 million tonnes, up 21% on a year-on-year basis.
The newest addition to the group, Krishnapatnam Port, handled 3.2 million tonnes in October and is expected to surpass 20 million tonnes in the first half of 2020/21. Adani-owned Mundra continues to be the largest container handling port in India, with a throughput of 1.32 million teu in the latest three month period.
A statement from the company says, “With the easing of lockdown and the revival of the economy cargo throughput at APSEZ rebounded and registered a spectacular growth across all segments and both coasts.” Coal saw 30% growth quarter on quarter, container traffic grew by 34%, crude by 52% and dry bulk by 40%. Kattapulli was the group’s fastest growing port with a 55% upturn, followed by Hazira with 45% and Mundra at 40%.
Adani’s Hazira Port witnessed the inauguration of a new 100m long ro-pax berth on 8th November, and the start of a new ferry service linking Hazira and Ghogha. The Voyage Symphony, which can accommodate 30 trucks and 500 passengers, made the maiden voyage.