Adani Ports sees 10% growth in cargo volume in February

Adani Ports and Special Economic Zone Ltd (APSEZ) announced on Thursday that they have handled a total of around 26.5 million tonnes (MMT) of cargo, representing a growth of about 10 percent year-on-year this month.

Meanwhile, from April 2022 to February 2023, APSEZ recorded a cargo volume of about 307 MMT, representing a year-on-year growth of 8.5 percent, it said.

Earlier this week Adani Ports established its wholly owned subsidiary HM Agri Logistics which will develop and operate state of the art silo complexes across India.

Last week, the logistics company said it surpassed 300 MMT of cargo turnover in 329 days on February 23, 2023. Last month, sources said ABSL MF could receive Rs 750 crore from Adani Ports on Commercial Papers (CPs) due in advance in March.

In January, Adani Ports announced that its total December cargo volume was 25.1 MMT, up 8 percent year-on-year. Meanwhile, the total cargo volume from April to December was 253 MMT, up 8 percent year-on-year.

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