Adani Ports sees a 13 percent increase in traffic in April

The Adani Group ports company on Thursday reported its highest-ever monthly cargo volume in April on increased container movements and higher shipments of iron ore and coal to support a fast-growing economy.

“Adani Ports and Special Economic Zone Ltd (APSEZ) handled a total of 32.3 million tonnes of cargo in April. up 12.8 percent from the same month last year,” the company said in a statement.

This growth in cargo volume is supported by a 9 percent increase in dry cargo volume (iron ore, non-coking coal and coastal coal) and a 13.6 percent increase in container volume.

APSEZ is India’s largest commercial port operator in India, accounting for nearly a quarter of the country’s cargo movement. It operates 11 seaports including Mundra Port in Gujarat, the largest commercial port in India.

“The growth in cargo volume in most of our ports demonstrates that our strategy to improve operational efficiencies is delivering results and this will further increase the ROCE of the port facilities,” said Karan Adani, CEO and full-time director of APSEZ.

“I am also pleased to report that the Dhamra LNG terminal has moored its first vessel and natural gas has started to flow into the pipeline network connected to the terminal, in line with our forecast, the LNG terminal being commissioned in the first quarter of fiscal year 24.”

Four ports recorded significant sequential growth in monthly volumes. These include Krishnapatnam in Andhra Pradesh (5.2 million tonnes, up 22.6 percent year-on-year), Dhamra in Odisha (3.3 million tonnes, up 36.8 percent year-on-year), tuna in Gujarat (1.15 million tonnes, 57.6 percent yoy), and Katupalli & Ennore of Tamil Nadu combined (1.7 million tons, 13.3 percent yoy).

Gujarat’s Port of Mundra handled its largest shipment of vegetable oil (soybean oil) at 61,841 tons, surpassing the previous record of 57,000 tons (palm oil).

Andhra Pradesh’s Gangavaram port has managed the highest monthly rake figure at 88 for handling coal cargo on the coast for one of its clients.

“Investments in rail infrastructure in our ports have been one of the catalysts for our improved operational performance. Dahej Port continued this journey and completed the extension of the overhead electric wires, enabling it to handle rakes with Indian Railways electric locomotives,” the statement said.

With the commissioning of the Western Dedicated Freight Corridor (WDFC) line to Dadri in Uttar Pradesh in April 2023, ICD Dadri’s double stack rake services to Mundra Port are now operational. Supported by ICD in Patli, this connection will further increase the volume in the port of Mundra and the total rail volume for Adani Logistics.

In April, total rail container volume increased 22 percent year-on-year to 47,122 TEU and bulk cargo (GPWIS) volume increased 40 percent to 1.4 million tons.

This ongoing development of the country’s rail network will continue to bring the Logistics Performance Index of India in line with the government’s ambitions.

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