Adani Ports records highest ever rail freight at over 120 tons in FY22-23

AdPorts and Special Economic Zone (APSEZ), a flagship company of Adani Group, am
On Wednesday it was said that the company had set a new benchmark by handling the highest rail freight to date of 120.51 million tonnes (MT) in the 2022/23 financial year, surpassing the previous record of 98.61 tonnes.

The company said it aims to provide end-to-end logistics. Under Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS), rail freight throughput is up 62 percent year-on-year, the company said, adding: “Mundra Port handled over 15,000 container trains in FY23. Consolidating its position as India’s EXIM gateway. In FY23, APSEZ generated approximately 14,000 crore in revenue from rail freight for Indian Railways.”

According to a statement from Adani Ports, double-stack container trains handled by Mundra Port grew 4.3 percent year-on-year in FY23.

The double-stack loading of containers on trains ensures energy-efficient and reliable transport, reduces the overall costs per unit and increases customer satisfaction, it said. The company said it shows Mundra Port’s commitment to green operations.

Adani Ports said that the use of rail transport reduces the carbon footprint of freight transport and the efficient handling of container trains reduces the need for additional trucking, further reducing carbon emissions.

Adani Ports, India’s largest commercial port operator, has been a leading player in the development of India’s port and logistics infrastructure. The company said the achievement is an example of responsible business practices and sustainable development.

Adani Ports shares were trading on the BSE on Wednesday, up 0.51 percent at Rs 690.30 a share. According to the BSE, it had lost 1.60 percent in the past five days. The company’s shares saw modest gains in value, indicating positive market sentiment towards the company.

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