Adani Ports achieves a remarkable 42% year-over-year growth in cargo volume for November 2023, reaching 36 million metric tons.

During the first eight months of FY24 (April-November 2023), APSEZ managed approximately 275 million metric tons of cargo, reflecting a 21% year-on-year increase. This accomplishment represents over 70% of the upper limit within its full-year guidance range of 370-390 million metric tons.

On Monday, Adani Ports and Special Economic Zone Limited (APSEZ), a segment of the diverse Adani Group, revealed robust cargo volumes of approximately 36 million metric tons in November 2023, reflecting a significant 42% year-on-year increase. The company reported growth across all three major cargo categories: dry bulk (over 60% YoY), containers (over 26%), and liquids and gas (over 23%), as stated in a regulatory filing.

During the first eight months of FY24 (April-November 2023), APSEZ managed approximately 275 million metric tons of cargo, indicating a 21% year-on-year increase. This achievement represents more than 70% of the upper limit within its full-year guidance range of 370-390 million metric tons.

Adani’s Mundra Terminal Sets Record

Adani International Container Terminal Private Limited (AICTPL), situated in the Adani Ports and Special Economic Zone in Mundra, accomplished a remarkable feat in November. Handling over 300,000 containers during the month, AICTPL secured its position as the first terminal in India to achieve such a milestone.

National Record-Breaking Performance

In November 2023, AICTPL established a national record by efficiently managing 300,431 TEUs across 97 vessels. This achievement surpassed its own previous record of 298,634 TEUs in March 2021. Notably, the terminal achieved this by handling an impressive average of around 10,000 TEUs daily.

APSEZ’s Overall Growth

Adani Ports and Special Economic Zone witnessed outstanding performance not only at Mundra but also at Dhamra and Ennore. Dhamra and Ennore ports achieved their highest monthly volumes, handling 3.96 million metric tons (MMT) and 65,658 TEUs, respectively.

Record-Breaking Logistics Growth

The broader logistics scenario for APSEZ exhibits substantial growth, with year-to-date rail volumes reaching around 379,000 TEUs, marking a remarkable 23% year-on-year increase. Additionally, the General Purpose Wagon Investment Scheme (GPWIS) volumes reached 12.3 MMT, reflecting an impressive growth of over 44% year-on-year. Notably, November 2023 witnessed the highest-ever monthly GPWIS volumes, totaling 1.72 MMT.

What is the significance of AICTPL handling over 300,000 containers in November?

AICTPL achieved a milestone by becoming the first terminal in India to handle over 300,000 containers in a month, showcasing its operational excellence.

How did AICTPL break its own record in November 2023?

AICTPL set a national record by handling 300,431 TEUs across 97 vessels, surpassing its previous record in March 2021. The FAQ can provide insights into the strategies or factors contributing to this achievement.

The article emphasizes the highest-ever monthly GPWIS volumes in November 2023. This question can elaborate on the importance of this achievement and its implications for APSEZ.

How did other ports of APSEZ, Dhamra, and Ennore perform in November?

Dhamra and Ennore ports recorded their highest-ever monthly volumes, handling 3.96 MMT and 65,658 TEUs, respectively. This question delves into the overall performance of APSEZ’s ports.

The logistics volumes for APSEZ depict impressive growth, with notable increases in rail volumes and GPWIS volumes. This question aims to provide context and understanding behind the broader logistics trends.

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