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

Microsoft denies misuse of AI, Azure in Gaza conflict

17 May 2025 | 8:24 PM

Washington, May 17 (UNI) Responding to growing concerns among employees and the public, Microsoft Corporation has stated that it found no evidence its Azure cloud or artificial intelligence technologies were used by the Israeli military to target civilians or cause harm in the ongoing conflict in Gaza.

see more..
IOB signs MoU with IIBF

IOB signs MoU with IIBF

17 May 2025 | 7:17 PM

Chennai, May 18 (UNI) The Indian Overseas Bank (IOB) signed a MoU with Indian Institute of Banking and Finance (IIBF) on Saturday for customized e-learning and certification program on MSME.

see more..
Kottayam-Kochi rubber market rates

Kottayam-Kochi rubber market rates

17 May 2025 | 3:01 PM

Kottayam, May 17 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
Kottayam
RSS FOUR: 19650
RSS FIVE : 19250
Kochi
RSS FOUR : 19650
RSS FIVE : 19250
UNI PA BD.

see more..
Sensex soars 2876 12 points during the week

Sensex soars 2876 12 points during the week

17 May 2025 | 11:46 AM

Mumbai, May 17 (UNI) The BSE Sensex posted huge gains of 2,876.12 points or 3.62 per cent to settle at 82,330.59 during the week ended on Friday driven by easing geopolitical tensions after a ceasefire between India and Pakistan, softening retail and wholesale inflation, amid positive global cues.

see more..

ReNew to set up INR 22k Cr hybrid renewable energy project in Andhra Pradesh

17 May 2025 | 12:00 AM

Anantapur (Andhra Pradesh), May 16 (UNI) ReNew Energy Global Plc (“ReNew”), a leading decarbonisation solutions company, on Friday announced it will invest INR 22,000 crore (US $2.5 billion) to set up one of India’s largest hybrid renewable energy projects in the district.

see more..