Adani Ports achieves milestone of 300 mmt cargo handling

Adani Ports and Special Economic Zone Ltd (APSEZ) told the media that it has reached the milestone of handling 300 million metric tonnes (mmt) of cargo well ahead of the financial year-end. Since it began operations just over two decades ago, Adani Ports has experienced unprecedented growth and continues to outperform all Indian cargo volume growth, rapidly expanding its market share. This achievement also demonstrates APSEZ's ability to adapt to rapid changes brought on by the global market and geopolitical volatility while continuing on its path to long-term growth. Adani Ports told the media that it is shortening the time it takes to increase cargo volumes. It took 14 years to reach a capacity of 100 mmt cargo per year with five ports in its portfolio, and it took another five years to double that capacity to 200 mmt per year with nine ports in its portfolio. APSEZ has reached the milestone of handling 300 mmt annually in just three years, now that it has 12 ports in its portfolio. According to the company, the three-year journey from 200 mmt to 300 mmt includes two years of global economic slowdown caused by the Covid-19 pandemic. India's largest private multi-port operator is Adani Ports and Special Economic Zone Limited, formerly known as Mundra Port and Special Economic Zone Limited. With India's largest SEZ at Mundra, APSEZ represents a large network of ports. Image Source Also read: APSEZ seeks environmental nod to boost Gangavaram port capacity