Adani Ports and Special Economic Zone Ltd (APSEZ) announced that it had handled 32.3 million tonnes of total cargo in April 2023, registering a yearly growth of 12.8 percent. This growth in cargo volumes was supported by dry cargo volumes, which rose by 9 percent (including iron ore by 64 percent, non-coking coal by 22 percent, and coastal coal by 67 percent), and container volume increased by 13.6 percent. APSEZ’s operational efficiency strategy has delivered results and will continue to boost the return on capital employed (ROCE) of port assets, said Karan Adani, CEO and Whole Time Director, Adani Ports.
In addition, APSEZ also announced that its Dhamra LNG Terminal had berthed its first ship and the natural gas had started flowing in the pipeline network connected to the terminal, well in line with its guidance of achieving the LNG terminal commissioning during Q1 FY24. Four ports recorded significant sequential growth in monthly volumes, including Krishnapatnam (5.2 MMT, up 22.6 percent), Dhamra (3.3 MMT, up 36.8 percent), Tuna (1.15 MMT, up 57.6 percent), and Katupalli and Ennore combined (1.7 MMT, up 13.3 percent).
APSEZ, a part of the globally diversified Adani Group, has six strategically located ports and terminals on the west coast (Mundra, Dahej, Tuna, and Hazira in Gujarat, Mormugao in Goa and Dighi in Maharashtra) and five ports and terminals on the East coast of India (Dhamra in Odisha, Gangavaram, and Krishnapatnam in Andhra Pradesh, and Kattupalli and Ennore in Tamilnadu), representing 24 percent of the country’s total port volumes.
APSEZ’s growth in cargo volumes is a positive sign for India’s economic recovery, as ports are critical to the country’s foreign trade. The company’s ability to handle a large volume of cargo reflects its operational efficiency and the strong demand for its services. The commissioning of the Dhamra LNG Terminal will also provide an additional source of energy for the country and contribute to reducing India’s carbon footprint. With its strategic location and diversified portfolio, APSEZ is well-positioned to capitalize on the growth opportunities in India’s port and logistics sector.
