Business

Adani Ports’ Cargo Volumes Cross 300 MMT Well Before Year-End

Dhamra: Adani Ports and Special Economic Zone Ltd (APSEZ) has already handled 300 MMT of cargo well ahead of the year-end (March 31, 2022).

APSEZ, India’s largest transport utility, has registered significant growth since it started operations just over two decades ago, and is on course to achieving 500 MMT by 2025.

“The acceleration of our cargo volumes is a manifestation of our ability to continue to execute on our strategy,” said Karan Adani, CEO and Whole Time Director, APSEZ.

“Our network of ports across the Indian coastline coupled with our integrated logistics capabilities, focus on technology-enabled digitized operations and, most importantly, the deep relations that we have built with our customers and partners (that include the global shipping lines), are all coming together to make APSEZ full-fledged integrated ports & logistics platform that augments each other. We anticipate our growth to continue to accelerate given our capabilities that are now best-in-class and the tailwind of a growing Indian economy,” added Karan.

APSEZ has been continuously accelerating the time taken to increase cargo volumes.

After taking 14 years to achieve 100 MMT annually — with five ports in its portfolio — APSEZ doubled it to 200 MMT annually (with 9 ports) in the next five years. Now, with 12 ports in its portfolio, APSEZ’s milestone of handling 300 MMT annually has come about in three more years, overcoming the two-year period of global economic slowdown due to the COVID-19 pandemic.