Adani Ports and Special economic Zone Limited (APSEZ) Archives

Adani Ports reverses plan to levy extra charges on Mundra box train operations

19 October 2022

In a significant trade development that presents some cost relief for Indian hinterland shippers amid high freight rates, Adani Ports and Special Economic Zone Limited (APSEZ) has eventually agreed to recall its notices seeking to levy extra user fees on container trains operating to/from Mundra Port, according to industry sources.

Mundra is the busiest container handler in India and freight loads out of inland container depots (ICDs) constitute a major portion (pegged at 50%) of its volumes.

The...

https://container-news.com/adani-ports-reverses-plan-to-levy-extra-charges-on-mundra-box-train-operations/

APSEZ doubles cargo volumes and total revenue in FY22 first half

28 October 2021

Adani Ports and Special Economic Zone Limited (APSEZ), the largest transport utility in India and a part of the diversified Adani Group, has published its financial and operational results for the first half of the Fiscal Year 2022 (1 April 2021 – 31 March 2022), highlighting significant increases in cargo volumes and total revenue.

Adani Ports handled 144 million metric tonnes (MMT) of cargo during the first six months of FY22, registering a year-on-year growth of 47%. The growth in cargo...

https://container-news.com/apsez-doubles-cargo-volumes-and-total-revenue-in-fy22-first-half/

SLPA signs US$700 million deal for new container terminal in Colombo

4 October 2021

The Sri Lanka Ports Authority (SLPA) and Adani Ports and Special Economic Zone Limited (APSEZ) have signed a 35-year agreement to jointly develop the Colombo West International Container Terminal (CWICT) of the Port of Colombo (POC).

The Build-Operate-Transfer (BOT) agreement is worth more than US$700 million and constitutes the largest foreign investment ever in the port sector of Sri Lanka, with its premier diversified company, John Keells Holdings PLC, being a major foreign investor.

Sri Lanka...

https://container-news.com/slpa-signs-us700-million-deal-for-new-container-terminal-in-colombo/

Nearly 3 tonnes of heroin found in two containers at Mundra port

22 September 2021

The Directorate of Revenue Intelligence (DRI), an Indian intelligence agency, has confiscated two containers carrying approximately 3,000 kilos of heroin at Mundra port in Gujarat, India.

In one of the largest seizures of all time in the world, two persons have been arrested, while the role of some Afghan nationals remains under investigation, according to the national media.

The first box included 1,99.58 kg of heroin and the second one carried 988.64 kg of the stuff, with the exact total amount...

https://container-news.com/nearly-3-tonnes-of-heroin-found-in-two-containers-at-mundra-port/

Adani Ports reports highest volume growth ever during FY first quarter

5 August 2021

Adani Ports and Special Economic Zone Limited (APSEZ), the largest transport utility in India and a part of the diversified Adani Group, has announced its operational and financial results for the first quarter (Q1) of the Fiscal Year (FY) 2022 which started on 1 April and ended on 30 June.

Adani Ports has achieved the highest ever quarterly volume growth of 83%, while all India cargo growth saw a 33% volume increase.

Additionally, Adani Ports’ Earnings Before Interest, Tax, Depreciation, and...

https://container-news.com/adani-ports-reports-highest-volume-growth-ever-during-fy-first-quarter/

Adani Ports signs up to new emissions reduction project

23 July 2020

Adani Ports and Special Economic Zone Limited (APSEZ) has signed up for the Science Based Targets initiative (SBTi), a collaboration between CDP, a non-profit charity, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Through SBTi, companies are responding by committing to set science-based emissions reduction targets — across their entire value chain — that are consistent with keeping global warming to 1.5°C above pre-industrial levels....

https://container-news.com/adani-ports-signs-up-to-new-emissions-reduction-project/