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Adani Ports and Special Economic Zone informs about operational performance update

03 Jun 2024 Evaluate

Adani Ports and Special Economic Zone has informed about operational performance of the company (‘APSEZ’) as follows: 1. In May’24, APSEZ handled ~35.8 MMT of cargo volumes, which is almost flat YoY. Due to shutdown of the Gangavaram Port, APSEZ lost around 6 MMT of cargo volumes in April & May’24. However, with the operations now restarted, the company is confident of recovering these lost volumes in the coming months. 2. Its flagship port Mundra recorded a key milestone of handling 17.6 MMT of cargo in May’24, which is the highest ever monthly volume at any of the Indian ports. The port also achieved another milestone of handling over 7 Lac TEUs in a month. 3. Despite the closure of Gangavaram port, during the initial two months of FY25, APSEZ handled 72 MMT of cargo, implying 5% YoY growth. This increase is primarily driven by containers (+11% YoY) and liquids & gas (+13%).

The above information is a part of company’s filings submitted to BSE.

Adani Ports &Special Share Price

1577.55 4.45 (0.28%)
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