Adani Ports and Special Economic Zone (APSEZ) reported a substantial year-on-year increase of 42%, handling an impressive 36 million metric tonnes (MMT) of cargo in November 2023. This growth was observed across all three major cargo categories, with dry bulk leading at over 60%, containers at over 26%, and liquids and gas at over 23%.
FY24 Performance Highlights
In the initial eight months of the fiscal year 2024 (April-November 2023), APSEZ showcased a commendable performance, managing a total cargo volume of around 275 MMT. This signifies a robust year-on-year growth of 21%, positioning the company well within its full-year guidance range of 370-390 MMT, with over 70% achievement.
Historic Milestone at AICTPL, Mundra Port
The joint venture terminal, Adani International Container Terminal Private Limited (AICTPL) in Mundra, set a national record by handling an extraordinary 300,431 Twenty-foot Equivalent Units (TEUs) in the month of November. This remarkable achievement surpasses its own previous record of 298,634 TEUs in March 2021, showcasing an impressive daily handling capacity of approximately 10,000 TEUs.
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Highest-Ever Monthly Volumes at Dhamra and Ennore Ports
Two other ports under APSEZ, namely Dhamra and Ennore, achieved their highest-ever monthly volumes in November 2023. Dhamra handled 3.96 MMT, while Ennore processed 65,658 TEUs, indicating substantial growth and operational efficiency.
Record-breaking Logistics Volumes
Logistics volumes for the year-to-date period showcased exceptional growth, with rail volumes reaching around 379,000 TEUs (over 23% YoY) and General Purpose Wagon Investment Scheme (GPWIS) volumes reaching 12.3 MMT (over 44% YoY). November 2023 witnessed the highest-ever monthly GPWIS volumes at 1.72 MMT.
APSEZ’s Pivotal Role in India’s Economic Landscape
As India emerges as one of the world’s fastest-growing economies, APSEZ’s crucial role in facilitating trade and contributing to economic growth cannot be overstated. The company’s ability to handle growing cargo volumes not only solidifies its position as a leader in the maritime industry but also underscores its commitment to operational efficiency, innovation, and surpassing industry demands, setting new standards for excellence.
APSEZ is a part of the diversified Adani Group, one of India’s leading business houses. It has evolved from a port company to an integrated transport utility, providing end-to-end solutions from the port gate to the customer’s gate. It is India’s largest port developer and operator with six strategically located ports and terminals on the west coast of India (Mundra, Dahej, Tuna and Hazira in Gujarat, Mormugao in Goa and Dighi in Maharashtra) and five ports and terminals on the east coast (Dhamra in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, and Kattupalli and Ennore in Tamil Nadu).
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