APSEZ records robust 26% YoY growth, crossing 200 MMT milestones

In September, Adani Ports and Special Economic Zone (APSEZ) experienced a remarkable 26% year-on-year surge in total cargo volumes, reaching 32.8 million metric tonnes (MMT). This growth spanned all cargo segments, including containers (20%), dry bulk (32%), and liquid & gas (21%), as stated in the company's press release. APSEZ's logistics volumes also saw substantial expansion, with half-yearly rail volumes reaching 279,177 TEUs (20%) and general purpose wagon investment scheme (GPWIS) volumes hitting 8.92 MMT (42%). From April to September, APSEZ managed an impressive 202.6 MMT of total cargo, surpassing the 200 MMT milestones within the first half of the year. This growth was bolstered by all key ports in APSEZ's portfolio, with container cargo increasing by 18% to 74.8 MMT and dry bulk growing by 10% to 106.3 MMT. In August, APSEZ's total cargo volume rose by 17% compared to the previous year, reaching 34.2 MMT. Adani Ports operates six ports and terminals on the west coast, including Mundra, Dahej, Tuna, and Hazira in Gujarat, Mormugao in Goa, and Dighi in Maharashtra. Additionally, the company manages five ports and terminals on the east coast, namely Dhamra in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, and Kattupalli and Ennore in Tamil Nadu.