Adani Ports and Special Economic Zone (APSEZ), led by Gautam Adani, reported a five per cent increase in cargo volumes for August 2024, handling 36.1 million metric tonnes (MMT), compared to the same period last year. The company’s operations faced disruptions equivalent to almost four days at its Mundra port and Tuna terminal due to adverse weather conditions in the Kutch region of Gujarat.
The rise in cargo was mainly driven by container volumes, which surged nearly 11 per cent year-on-year. The Kattupalli port recorded its highest-ever monthly volume of 1.4 MMT, further boosting the overall performance.
For the first five months of the current financial year, Adani Ports handled a total of 182.4 MMT of cargo, reflecting a seven per cent growth year-on-year. The robust performance was led by a 17 per cent rise in container cargo, followed by a seven per cent increase in liquid and gas cargo.
The company highlighted the continued utilisation of its logistics assets, with year-to-date August 2024 rail volumes growing by 13 per cent year-on-year to 0.26 million TEUs. Additionally, General Purpose Wagon Investment Scheme (GPWIS) volumes saw a substantial 23 per cent year-on-year growth, reaching 9.08 MMT.
These gains underscore Adani Ports’ resilience and strategic focus on expanding its container handling capacity, despite weather-related operational challenges.
