India’s largest integrated transport utility firm, Adani Ports and Special Economic Zone Ltd (APSEZ), has handled 32.3 MMT of total cargo in April 2023, showing a YoY growth of 12.8%. Dry cargo volume rose 9%, including iron ore (64%), non-coking coal (22%), and coastal coal (67%). Container volume increased 13.6%. The company’s CEO Karan Adani praised operational efficiency, which he said would continue to boost the company’s ROCE. The article also notes that Dhamra LNG Terminal has berthed its first ship and begun receiving natural gas. Four ports including Krishnapatnam, Dhamra, Tuna, and Katupalli and Ennore combined, recorded significant sequential growth in monthly volumes.
This development is significant for Adani Ports as it highlights the growth potential of its business operations. The increase in cargo volumes and the successful commissioning of Dhamra LNG Terminal demonstrate the company’s ability to expand its operations and diversify its revenue streams.
Furthermore, the investments in rail infrastructure at Adani Ports have helped improve the company’s operational performance, and the commissioning of the WDFC line till Dadri will further enhance its connectivity to the hinterland.
Overall, Adani Ports’ strong performance in April 2023 is a positive indicator for the company’s growth prospects in the future. The company’s strategic focus on improving operational efficiency, expanding its portfolio of ports, and diversifying its business operations bodes well for its future growth trajectory.
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