APSEZ total turnover up 56%, freight volume up 47%

New Delhi, October 27 (IANS): Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest transportation utility and part of the diversified Adani Group, announced its results for the second quarter and half-year ended September 30, 2021 on Wednesday.

Karan Adani, Chairman and CEO and Full-time Director of APSEZ said: “APSEZ had a strong first half, which is a testament to our growth. The expansion of logistics activities, in particular rail transport, and the foray into the category A warehousing segment reflect our evolution towards a “Transport Utility” business model and result in a continuous increase in our market share. .

“Our acquisitions of Sarguja Rail, Dighi Port and Gangavaram Port, alongside the foray into Sri Lanka with a new port in Colombo, all in the first half of 2021, are steps in this direction. on track to meet our volume target for fiscal year 21-22 which will be a pivotal year for APSEZ.

“We are making progress towards our goal of carbon neutrality by 2025, with a focus on the use of renewable energies and carbon offsetting through mangrove afforestation and land planting. As we work on a strategy for the net zero path, we continue to invest in new technologies, as well as in the digitization and automation of our operations and services, with the aim of becoming the world’s leading sustainable port company. “

Adani ports handled 144 MMT of freight in S1 / FY22 versus 98 MMT in S1 / FY21, recording a growth of 47% versus 16% growth recorded at all levels in India.

The port portfolio, excluding Mundra, increased by 91%. While Mundra continues to grow (records double-digit growth), the other ports in the portfolio (particularly on the east coast) are growing faster, moving towards a balanced portfolio.

Ports on the east coast grew 134 percent and those on the west coast increased by 26 percent. Besides Mundra, the ports of Dhamra, Hazira and Dahej also recorded double-digit growth.

Cargo volume growth was led by dry cargo which grew 59 percent, containers by 42 percent and liquids (including crude) by 27 percent.

In the container segment, APSEZ handled 4.11 Mn TEU out of 9.67 Mn TEU handled at all levels in India. APSEZ recorded annual growth of 42% against 30% at all levels in India, bringing its market share to 42.5% (gain of 144 bps).

Mundra remains the largest container handling port with 3.2 million TEUs.

Adani Logistics, India’s largest and most diverse private rail operator, recorded 23% growth in rail volume to 179,377 TEUs and 17% growth in terminal volume to 134,136 TEUs.

Adani Logistics expanded its rolling stock and added 8 new bulk rakes under the GPWIS program, bringing the total number of rakes to 69.

Consolidated revenue increased 56% from Rs 5,195 crore in the first half of FY21 to Rs 8,089 crore. Port revenues increased 46% to Rs 6,347 crore. Revenue from logistics activity amounted to Rs 546 crore, an increase of 27%.

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