Close X
Friday, December 27, 2024
ADVT 
India

Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth

Darpan News Desk IANS, 01 Apr, 2024 11:51 AM
  • Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth

Ahmedabad, April 1 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) handled record 420 MMT (million metric tonne) cargo in FY24 (including international ports), which is an impressive 24 per cent growth (year-on-year), with domestic ports contributing over 408 MMT cargo, it announced on Monday.

The company handled its highest ever monthly cargo volumes (including international ports) of over 38 MMT in the month of March alone.

“While it took 14 years for the company to achieve the first 100 MMT of annual cargo throughput, the second and third 100 MMT throughputs were achieved in 5 years and 3 years,” said Karan Adani, Managing Director, APSEZ.

During FY24, more than one-fourth of all India cargo volumes was routed through the APSEZ ports.

“The latest 100 MMT mark has been achieved in less than two years. This is a testament to our ongoing commitment and efforts towards enhancing operational efficiencies and maintaining our position as a top port operator in the industry,” Karan Adani added.

Eight ports -- 84 per cent of the portfolio by volume -- delivered double digit growth.

The flagship port Mundra became the first in India to handle 16 MMT cargo in a single month (October 2023).

These accomplishments were achieved despite multiple challenges, such as the global trade disruptions caused by the Red Sea crisis, the Russia-Ukraine conflict and issues at the Panama Canal, and disruption of operations due to Cyclone Biparjoy and Cyclone Michaung.

In the container segment, the ports at Mundra, Hazira, Kattupalli and Ennore handled record volumes. Around 44 per cent of the containerised seaborne cargo in India moves through APSEZ ports, said the company.

The company’s container volumes have grown by two times of India’s container growth in the last five years.

In the dry cargo segment, ports such as Tuna, Mormugao, Karaikal, Krishnapatnam, Gangavaram and Dhamra handled record volumes this financial year, the company informed.

MORE India ARTICLES

Punjab CM inaugurates Institute of Liver and Biliary Sciences in Mohali

Punjab CM inaugurates Institute of Liver and Biliary Sciences in Mohali
Holding the Shiromani Akali Dal and Congress regimes responsible for the "appalling state" of government institutions, Punjab Chief Minister Bhagwant Mann on Thursday said his government is committed to offering superior facilities in these institutions, ensuring no citizen is denied access to their services. Addressing the gathering after inaugurating the Punjab Institute of Liver and Biliary Sciences in Mohali.

Punjab CM inaugurates Institute of Liver and Biliary Sciences in Mohali

Preparations underway for Gujarat leg of Rahul's Bharat Jodo Nyay Yatra

Preparations underway for Gujarat leg of Rahul's Bharat Jodo Nyay Yatra
Scheduled to commence its Gujarat leg at Jhalod on March 7, the yatra would start its march near the Dahod bus stand the next day. Gujarat Congress spokesperson Manish Doshi said: "The 'Bharat Jodo Nyay Yatra' is not just a political rally but a clarion call for justice, aiming to shed light on the grievances of tribal communities, farmers, small traders, job-seeking youths, and government employees among others.

Preparations underway for Gujarat leg of Rahul's Bharat Jodo Nyay Yatra

Don't consider Ram Rahim's parole without permission, HC tells Haryana

Don't consider Ram Rahim's parole without permission, HC tells Haryana
The Punjab and Haryana High Court on Thursday asked Haryana not to consider Dera Sacha Sauda chief and self-styled godman Gurmeet Ram Rahim Singh's parole without its permission. The direction would remain in force till further orders.

Don't consider Ram Rahim's parole without permission, HC tells Haryana

Chinese national arrested from India-Nepal border in Raxaul

Chinese national arrested from India-Nepal border in Raxaul
A Chinese national was arrested from near the India-Nepal border at Raxaul in Bihar’s East Champaran district on Thursday. The arrested person has been identified as Feng Genshan (57), a native of Henan province in China. Genshan was apprehended by the immigration and SSB officials while he was trying to enter Bihar.

Chinese national arrested from India-Nepal border in Raxaul

Rahul Gandhi's 'Bharat Jodo Nyay Yatra' to chart through Gujarat's tribal belt on March 7

Rahul Gandhi's 'Bharat Jodo Nyay Yatra' to chart through Gujarat's tribal belt on March 7
The 'Bharat Jodo Nyay Yatra', spearheaded by Congress leader Rahul Gandhi, is set to pass through the tribal corridors of Gujarat after entering the state on March 7. Scheduled to enter the state through Jhalod in Dahod district on March 7, the Yatra aims to cover a strategic path through Gujarat's eastern tribal belt.

Rahul Gandhi's 'Bharat Jodo Nyay Yatra' to chart through Gujarat's tribal belt on March 7

Jaishankar's Korea visit: A further step to enhance ties with diaspora

Jaishankar's Korea visit: A further step to enhance ties with diaspora
Continuing with his endeavours to further cement India's relations with its diaspora, External Affairs Minister S. Jaishankar is set to meet the small but significant Indian community in the Republic of Korea as he begins his first visit to Seoul on March 5. While one is well aware of the Korea-based Indian actor Anupam Tripathi who became a household name after 'Squid Games', the nation is home to around 15,000 Indians with many professionals contributing to the country's IT, shipping, and automobile sectors.

Jaishankar's Korea visit: A further step to enhance ties with diaspora