Adani Ports and Special Economic Zone Limited (APSEZ) on Monday announced that it has recorded 35.4 MMT of total cargo during February. This records a healthy 33 per cent on-year increase as compared to cargo volume recorded in February last year. “While most ports observed a YoY jump in volumes, Dhamra Port recorded its highest-ever monthly cargo of 4.22 MMT,” Adani Ports said in a regulatory filing.
During the first 11 months (April 2023- February 2024) of FY24, APSEZ said that it has already handled 382 MMT of cargo, implying that it is well on track to surpass the 400 MMT mark before the end of the current financial year. The company added that it has achieved the milestone of surpassing the 350 MMT cargo volume mark at its domestic ports in 318 days.
Further, it said that record growth continued in the logistics segment with YTD rail volumes of around 542,000 TEUs (+21 per cent YoY) and GPWIS volumes of around 18 MMT (+40 per cent).
Earlier in January, APSEZ had said that the company expects to handle 400 MMT of cargo in FY24, beating its earlier guidance of 370-390 MMT for the year. In December, Adani Ports had recorded cargo volumes of 35.65 MMT, up 42 per cent from the same period last year. “Growth was witnessed across all three broad cargo categories – dry bulk (over 60 per cent YoY), containers (over 26 per cent) and liquids and gas (over 23 per cent),” the company had said in a regulatory filing.
