Chennai : The Adani Ports and Special Economic Zone Ltd (APSEZ) closed December 2023 by handling 35.65 MMT of cargo volumes, resulting in a strong 42 per cent year-on-year (YoY) increase.
The handling of dry bulk cargo increased by 63%, while the handling of containers increased by more than 28% year over year.
Approximately 109 MMT of cargo was handled by APSEZ for the quarter that ended in December, of which 106 MMT came from its portfolio of domestic ports.
APSEZ handled about 311 MMT of cargo in the first nine months of FY24, a solid 23% YoY growth, according to the company.
“APSEZ crossed the 300 MMT cargo-mark in just 266 days versus its previous best of 329 days in the previous financial year. This milestone only proves that our strategy of driving operational efficiencies to achieve industry leading growth is yielding the desired results.
“We are now targeting over 400 MMT of cargo volumes in FY24, surpassing the upper end of the guidance range (370-390 MMT) provided at the start of the current financial year,” said Karan Adani, CEO and Whole-Time Director, APSEZ
Read More
Adani Green Energy Ltd in PPA with SECI for 8000-Mw Solar Power
