Adani Ports and Special Economic Zone Limited (APSEZ) has recorded 100 million tonnes (MT) of cargo throughput in the first 99 days of fiscal 2022-23 — that is, up to July 8, 2022.
The company said it took a year to reach the same milestone in 2014.
This shows the efficiency of APSEZ which is increasing rapidly, he said.
“When APSEZ’s operations spanned five ports, it took 14 years for the company to reach 100 MT of annual cargo production. In the next five years and with operations across nine ports, APSEZ doubled its cargo processing to 200 MT. We then achieved the milestone of 300 MT in time just three years. We are now poised to increase our cargo volume by 60 percent to 500 MT by 2025 and emerge as the world’s largest port operator by 2030,” said Karan Adani, CEO and whole-time director of APSEZ.
The company said APSEZ is capable of handling a cargo volume of 100 MT due to technological innovation that integrates conventional business processes with new age digital technology.
It lists other contributing factors such as increased efficiency in fleet and fuel management, asset monitoring, operational intelligence and application performance monitoring.
The company has increased its cargo production year after year. It reached the 100-MT cargo processing mark in 109 days last year, APSEZ said.
Current growth in cargo is supported by a 12 percent year-on-year jump in June 2022 at 31.88 MT. Coal volumes continued to show a strong recovery of 25 percent compared to the previous year, crude oil at 17 percent and containers at 6 percent.
With a monthly volume growth of 21 percent, Mundra led the record performance followed by Hazira, Kattupalli and Ennore combined, and Dahej.
Shares of APSEZ traded marginally down 0.5 percent at ₹727.80 on BSE Wednesday.