Adani Ports: APSEZ cargo handling up 8 pc to record 90 MT in Apr-June quarter | Whuff News

Adani Ports and Special Economic Zones (APSEZ) on Monday said it had handled the highest cargo in the quarter at 90.89 MMT (million tonnes) in the April-June period of this financial year, registering 8 percent growth on a year-on-year basis. In June alone, the company handled the highest monthly cargo of 31.88 MT, recording 12 percent year-on-year (yoy) growth, APSEZ said in a statement.

“This also marks the highest ever cargo handled in a quarter at 90.89 MMT (million tonnes) during Q1 FY23, which is 16 percent growth qoq, and 8 percent growth yoy compared to the strong Q1 FY22 which saw a surge in volumes after COVID,” he said.

Coal volumes continue to show a strong recovery of 25 percent year-on-year (yoy). Other key segments leading this monthly surge were crude (17 percent) and containers (6 percent).

The major ports that helped drive this monthly volume growth were Mundra (21 percent yoy), Hazira (16 percent), combined Kattupalli & Ennore (38 percent), and Dahej (70 percent).

APSEZ is India’s largest commercial port operator accounting for nearly a quarter of the country’s cargo movement.

Its presence across 13 domestic ports in the seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha gives it the widest national footprint with deeper hinterland connectivity.

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