+
Adani Ports To Handle 400 MTPA Of Cargo In FY24
PORTS & SHIPPING

Adani Ports To Handle 400 MTPA Of Cargo In FY24

Adani Ports and Special Economic Zone Ltd. is poised to exceed the handling of 400 million tonnes per annum (MTPA) of cargo in the fiscal year 2024, in line with its ambitious target of reaching 500 MTPA by 2025, as revealed by Adani Ports Chief Executive Officer, Subrata Tripathi.

Tripathi conveyed this impressive projection while attending the Global Maritime India Summit in Mumbai, affirming that the company has already achieved a remarkable 200 MTPA during the first and second quarters of fiscal year 2024. Furthermore, he expressed confidence in the company's capability to reach the 400 MTPA milestone in FY24, aligning seamlessly with the overarching goal of attaining 500 MTPA by 2025. In the previous year, Adani Ports handled 350 MTPA of cargo, leveraging its substantial capacity of nearly 600 MTPA. Tripathi emphasized that, given Adani Ports' role in routing 25% of cargo in India, there is a strong belief that the target can be attained without significant hindrances.

Adani Ports has undertaken an ambitious expansion agenda across its network of "string of pearls" ports on both the east and west coasts of India. This expansion is designed to cultivate a vibrant maritime ecosystem, attracting investments to the ports. Tripathi elucidated, "We plan to create additional container terminals at the Mundra port and have a maritime industrial ecosystem with industries such as Tata Power, which has an ultra-mega power project. We are also setting up a copper plant, a green hydrogen hub, and a green PVC plant, which will act as magnets to attract investment at the ports." He emphasized the pivotal role played by the availability of 40,000 acres of land at Mundra in enabling these grand developments.

Adani Ports and Special Economic Zone Ltd. is poised to exceed the handling of 400 million tonnes per annum (MTPA) of cargo in the fiscal year 2024, in line with its ambitious target of reaching 500 MTPA by 2025, as revealed by Adani Ports Chief Executive Officer, Subrata Tripathi. Tripathi conveyed this impressive projection while attending the Global Maritime India Summit in Mumbai, affirming that the company has already achieved a remarkable 200 MTPA during the first and second quarters of fiscal year 2024. Furthermore, he expressed confidence in the company's capability to reach the 400 MTPA milestone in FY24, aligning seamlessly with the overarching goal of attaining 500 MTPA by 2025. In the previous year, Adani Ports handled 350 MTPA of cargo, leveraging its substantial capacity of nearly 600 MTPA. Tripathi emphasized that, given Adani Ports' role in routing 25% of cargo in India, there is a strong belief that the target can be attained without significant hindrances. Adani Ports has undertaken an ambitious expansion agenda across its network of string of pearls ports on both the east and west coasts of India. This expansion is designed to cultivate a vibrant maritime ecosystem, attracting investments to the ports. Tripathi elucidated, We plan to create additional container terminals at the Mundra port and have a maritime industrial ecosystem with industries such as Tata Power, which has an ultra-mega power project. We are also setting up a copper plant, a green hydrogen hub, and a green PVC plant, which will act as magnets to attract investment at the ports. He emphasized the pivotal role played by the availability of 40,000 acres of land at Mundra in enabling these grand developments.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code