Friday, Nov 8 2024 | Time 04:53 Hrs(IST)
image
Business Economy


Adani ports volume surge 13 pc to 32.3 MMT in April

Adani ports volume surge 13 pc to 32.3 MMT in April

New Delhi, May 4 (UNI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said that it handled 32.3 million metric tonnes (MMT) of total cargo in April 2023 registering year-on-year growth of 12.8%.

"This growth in cargo volumes is supported by dry cargo volumes increase of 9% (iron ore 64%, non-coking coal 22%, and coastal coal 67%) and container volume increase of 13.6%," the company said.

APSEZ is the largest private port operator in the country with six ports and terminals on the west coast and five on the east coast representing 24% of the country's total port volumes.

Karan Adani, CEO and Whole Time Director, APSEZ said that growth in cargo volumes across most of the ports reflected the company's strategy was delivering results.

He noted that Dhamra LNG Terminal (in Odisha) berthed its first ship and the natural gas started flowing in the pipeline network connected to the terminal well in line with the firm's guidance of achieving the LNG terminal commissioning during Q1 FY24.

As per the official release, four ports recorded significant sequential growth in monthly volumes in April. These include Krishnapatnam, Dhamra, Tuna, and Katupalli and Ennore combined.

"Mundra Liquid Terminal handled its largest shipment of vegetable oil (soyabean oil) of 61,841 MT surpassing the previous highest of 57,000 MT (palm oil). The Gangavaram Port handled its highest monthly rakes count (88 Nos) on account of handling coastal coal cargo for one of its customers," the company said.

The port operator said investments in rail infrastructure at its ports had been one of the catalysts for improved operational performance.

"Continuing that journey, Dahej Port completed the extension of overhead electric lines, thereby enabling it to handle rakes with electric locomotives of Indian Railways," said Adani group firm.

UNI NK GNK

More News

Minister Piyush Goyal calls for transforming India into engineering exports powerhouse

07 Nov 2024 | 8:57 PM

New Delhi Nov 7 (UNI) Union Commerce and Industry Minister Piyush Goyal has called for transforming India into a powerhouse of engineering exports as the country marches towards achieving the Viksit Bharat goal.

see more..

GMM Pfaudler Q2 profit slides 74 pc to Rs 17 28 crore, revenue also down

07 Nov 2024 | 7:52 PM

New Delhi, Nov 7 (UNI) Engineering equipment manufacturer GMM Pfaudler on Thursday reported 74.38% year-on-year decline in consolidated net profit to Rs 17.28 crore for July-September quarter (Q2) of the current financial year 2024-25.

see more..

TCS signs multi-year deal with Air France-KLM to modernize the airline group data

07 Nov 2024 | 6:57 PM

Hyderabad, Nov 7 (UNI) Tata Consultancy Services ( TCS), a global leader in IT services, consulting, and business solutions, on Thursday said it has signed a multi-year deal to help Air France-KLM, a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance, become the most data-centric airline group in the world.

see more..

Flipkart selects five startups for third cohort

07 Nov 2024 | 5:56 PM

Kolkata, Nov 7 (UNI) Flipkart has announced the selection of five innovative startups for the third cohort of the Flipkart Leap Innovation Network (FLIN), its flagship startup accelerator program designed to foster technology collaboration within the startup ecosystem.

see more..
IMFA net up over 47 pc to Rs 132 73 cr despite flat revenue in Q2

IMFA net up over 47 pc to Rs 132 73 cr despite flat revenue in Q2

07 Nov 2024 | 5:37 PM

New Delhi, Nov 7 (UNI) Indian Metals & Ferro Alloys Ltd. (IMFA), a fully integrated producer of value-added ferro chrome, on Thursday said its profit after tax (PAT) has grown nearly 48 percent year over year to Rs 132.73 crore in the Q2 ended September 30, 2024, versus Rs 89.96 crore in the same quarter of fiscal 2023-24.

see more..
image