Cargo volumes at Adani Ports cross 300 million tonnes, bettering own record

Ahmedabad:

Adani Ports and Special Economic Zone, a part of the diversified Adani Group, crossed 300 million tonnes of cargo handling, thereby surpassing its own milestone.

It took 329 days to reach the milestone as compared to 354 days last year.

Adani Group’s ports business has registered growth since it began operations two decades ago and continues to beat all-India cargo volume growth with its market share growing rapidly.

Karan Adani, CEO and Whole Time Director, Adani Ports, said, “The improvement in cargo volumes is a testimony to the trust our customers have placed in us.”

“This reflects our commitment to use improved efficiencies and technological integration to drive and achieve customer satisfaction. Mundra, the flagship port of APSEZ, is outpacing all its nearest competitors by comfortable margins and in terms of volumes. remains the largest port in the country.

Karan Adani said that its infrastructure at Mundra port meets world standards and provides service levels at par with its global competitors.

It states that about 95 per cent of trade in India is carried out by sea route and world class mega ports are essential for the Indian coastline.

Notably, this year also saw a rise in agricultural exports due to India’s record high food grain production and the Russia-Ukraine conflict which opened up opportunities for agricultural exports.

At a time when power demand in the country is at an all-time high, Adani Ports has risen to the occasion and handled a sudden increase in the volume of imported coal coming into India.

“In line with the government’s vision of RSR (Rail-Sea-Rail) movement of domestic coal, APSEZ has started offering coastal coal export solutions to TANGEDCO through its Gangavaram port. Similarly, it is also providing coastal coal to NTPC Khadgi. The movement is supporting the handling of coastal coal at its Mormugao terminal.”

APSEZ said that not only business expansion, it has also fulfilled its sustainability commitments.

It states that energy and emissions intensity has decreased by about 41 percent and water intensity by 56 percent from 2016 levels. With its plan to set up 250 MW of renewable capacity on a captive basis, APSEZ is inching closer to its goal of becoming carbon neutral by 2025.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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