APSEZ ports' May cargo handling surges 19%, YTD figures rise 16%
PORTS & SHIPPING

APSEZ ports' May cargo handling surges 19%, YTD figures rise 16%

Adani Ports and Special Economic Zone’s (APSEZ) total cargo handling at their controlled ports increased by 19% to 36 MMT in May compared to the previous year. The company stated that there was growth observed across most ports and all three cargo segments. On a year-to-date basis, APSEZ's overall cargo volumes surged by 16 percent, reaching 68.5 MMT. The container segment experienced a 24 percent rise in volumes during the first five months of the year, while the dry bulk and liquids and gas segments witnessed an increase of 12 percent and 10 percent respectively.

Additionally, the rail volumes for the year-to-date period also saw a significant jump of 25 percent, amounting to 93,000 TEUs.

Earlier, the company had announced its plan to pay off $130 million of its debt early, following a tender offer for the early payment of approximately $413 million worth of debt. This move was made to enhance investor confidence, especially after the group's shares were negatively impacted by a report from Hindenburg Research, a US-based short seller.

During the same month, Deloitte, the company's auditor, raised concerns about APSEZ's transactions with three entities and expressed uncertainty about the company's compliance with local laws. In a qualified opinion, Deloitte stated that the evaluation conducted by the group did not provide sufficient appropriate audit evidence for the purpose of the audit.

Adani Ports and Special Economic Zone’s (APSEZ) total cargo handling at their controlled ports increased by 19% to 36 MMT in May compared to the previous year. The company stated that there was growth observed across most ports and all three cargo segments. On a year-to-date basis, APSEZ's overall cargo volumes surged by 16 percent, reaching 68.5 MMT. The container segment experienced a 24 percent rise in volumes during the first five months of the year, while the dry bulk and liquids and gas segments witnessed an increase of 12 percent and 10 percent respectively.Additionally, the rail volumes for the year-to-date period also saw a significant jump of 25 percent, amounting to 93,000 TEUs.Earlier, the company had announced its plan to pay off $130 million of its debt early, following a tender offer for the early payment of approximately $413 million worth of debt. This move was made to enhance investor confidence, especially after the group's shares were negatively impacted by a report from Hindenburg Research, a US-based short seller.During the same month, Deloitte, the company's auditor, raised concerns about APSEZ's transactions with three entities and expressed uncertainty about the company's compliance with local laws. In a qualified opinion, Deloitte stated that the evaluation conducted by the group did not provide sufficient appropriate audit evidence for the purpose of the audit.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement