Adani Krishnapatnam Port records highest coal loading
COAL & MINING

Adani Krishnapatnam Port records highest coal loading

As of March 18, Adani Krishnapatnam Port Private Siding Ltd of the South-Central Railway's Vijayawada Division loaded 12.95 MT of coal by rail, setting a record. This surpasses the previous milestone of 12.94 MT during the year 2014–15's same time to become the highest-ever coal volume transacted in a financial year since its start.

The port loaded 17.40 million tonnes of goods during the current year, with coal accounting for the majority of overall loading and income at 75%.

Since it began operating in November 2009, Adani Krishnapatnam Port has been the main source of revenue and freight loading for the Vijayawada Division. The two main commodities handled with at this port are coal and fertilisers. The port's freight revenue also increased to a record high of 19,402.3 million, or 110 percent more than the 9,236.1 million in revenue from the prior year (2021–2022).

All commodities experienced greater loading levels during the current fiscal year compared to the same period in the previous fiscal year, reflecting the growth rebound in freight loading across the freight segment.

As of March 18, Adani Krishnapatnam Port Private Siding Ltd of the South-Central Railway's Vijayawada Division loaded 12.95 MT of coal by rail, setting a record. This surpasses the previous milestone of 12.94 MT during the year 2014–15's same time to become the highest-ever coal volume transacted in a financial year since its start. The port loaded 17.40 million tonnes of goods during the current year, with coal accounting for the majority of overall loading and income at 75%. Since it began operating in November 2009, Adani Krishnapatnam Port has been the main source of revenue and freight loading for the Vijayawada Division. The two main commodities handled with at this port are coal and fertilisers. The port's freight revenue also increased to a record high of 19,402.3 million, or 110 percent more than the 9,236.1 million in revenue from the prior year (2021–2022). All commodities experienced greater loading levels during the current fiscal year compared to the same period in the previous fiscal year, reflecting the growth rebound in freight loading across the freight segment.

Next Story
Building Material

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Next Story
Infrastructure Energy

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Next Story
Equipment

SANY India Opens New 3S Branches in Visakhapatnam and Palwancha

SANY India, a leading manufacturer of construction, mining, road, logistics, and energy equipment, has expanded its presence in southern India by inaugurating two new 3S (Sales, Service, Spares) branch offices in Visakhapatnam (Andhra Pradesh) and Palwancha (Telangana). The expansion, in partnership with its authorised dealer Madhura Engineering Services, reinforces SANY’s commitment to providing world-class equipment and faster service access in key industrial and mining hubs.These new facilities complement Madhura Engineering’s existing branches in Guntur and Vijayawada, marking a strate..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?