APSEZ records 11.5% growth, handling 101.4 MMT of Cargo

Adani Ports and Special Economic Zone Ltd (APSEZ) reported a notable growth in cargo handling, having handled 101.4 million metric tonnes (MMT) of cargo in the first quarter of FY24. This represents an 11.5 percent increase compared to the corresponding period of the previous fiscal year 2022-23, according to a regulatory filing by APSEZ. The growth was observed across various ports and cargo segments, with container cargo increasing by over 19 percent, liquids, and gas by 8 percent, and dry bulk by 7 percent.

In the month of June alone, APSEZ handled 32.8 MMT of cargo. As the largest commercial port operator in India, APSEZ accounts for approximately one-fourth of the country’s cargo movement. It operates in 13 domestic ports across seven maritime states, including Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha.

Leave a Reply

Your email address will not be published. Required fields are marked *