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Adani Ports achieves record Cargo Volume in April 2023

Nov 3, 2023

By: BlinkX Research Team

Adani Ports and Special Economic Zone Ltd (APSEZ) marked a significant achievement by handling 32.3 million metric tonnes (MMT) of cargo in April 2023, reflecting a robust 12.8 percent year-on-year growth. This surge was driven by a 9 percent increase in dry cargo, notably in iron ore (64 percent), non-coking coal (22 percent), and coastal coal (67 percent). Container volumes also saw an impressive uptick of 13.6 percent. Karan Adani, CEO of APSEZ, attributed this growth to the company's strategic emphasis on operational efficiency. He also announced the successful berthing of the first ship at the Dhamra LNG Terminal.

Adani Ports, India's largest integrated transport utility, reported substantial sequential volume growth in ports including Krishnapatnam (5.2 MMT), Dhamra (3.3 MMT), Tuna (1.15 MMT), and the combined volumes of Katupalli and Ennore (1.7 MMT). Mundra Liquid Terminal achieved a milestone by handling its largest shipment of vegetable oil (soybean oil) at 61,841 metric tonnes, surpassing the previous record of 57,000 metric tonnes of palm oil. The investments in rail infrastructure at the ports played a pivotal role in enhancing Adani Port’s operational performance. Total rail container volumes witnessed a notable 22 percent YoY increase to 47,122 TEUs, while bulk cargo (GPWIS) volumes saw an impressive 40 percent YoY surge to 1.4 MMT in April.