APSEZ records 37 MMT cargo in June 2024, driven by 33 percent growth in containers and 8 percent in liquids & gas.
Adani Ports and Special Economic Zone (APSEZ) achieved a cargo volume of 37 million metric tons (MMT) in June 2024, marking a 12 percent year-over-year increase. This growth was led by a 33 percent rise in container volumes and an 8 percent increase in liquids and gas. Notably, Kattupalli Port handled its highest ever monthly cargo volume of 1.36 MMT.
For the quarter ending June 30, 2024, APSEZ reported a total cargo volume of 109 MMT, reflecting a 7.5 percent year-over-year growth. This quarterly increase was primarily driven by an 18 percent rise in container volumes and an 11 percent increase in liquids and gas.
In the logistics segment, quarterly rail volumes reached 156,590 twenty-foot equivalent units (TEUs), up 19 percent year-over-year, while General Purpose Wagon Investment Scheme (GPWIS) volumes were 5.56 MMT, a 28 percent increase.
APSEZ focuses on the development, operations, and maintenance of port infrastructure, including port services and related infrastructure development. The company also operates a multi-product Special Economic Zone (SEZ) contiguous to the port at Mundra.
In Q4 FY24, APSEZ’s consolidated net profit surged 76.2 percent to ₹2,039.66 crore, compared to ₹1,157.55 crore in the same period last year. Revenue from operations rose 18.97 percent to ₹6,896.50 crore, up from ₹5,796.85 crore in Q4 FY23.
