Adani Ports aims to double cargo handling

MUMBAI: Adani Ports and Special Economic Zone (APSEZ) has set a target of doubling cargo handling to 400 million tonne (mt) by 2025 after it recorded 200 mt recently, becoming the first Indian port to reach this milestone.

The company, which was set up two decades ago, doubled its cargo handling last week from 100 mt reached in 2013-14.

“Currently, about 95% of India’s trading volume is done through maritime transport and the total national traffic stands at about 1,200 mt. This gives us about...

https://container-news.com/adani-ports-aims-double-cargo-handling/

Shares of Adani Ports and SEZ fall

Shares of port infrastructure company Adani Ports and Special Economic Zone Limited plunge as much 9.1 per cent in its biggest intraday per cent drop since January 28.

The company’s unit Adani Logistics approved a proposal for the acquisition of Adani Agri Logistics, Adani Agri Logistics (Dahod), Adani Agri Logistics (Darbhanga) and Adani Agri Logistics (Samastipur) from Adani Enterprises for Rs 946 crores, the company said on Saturday.

Read more on The Hindu BusinessLine.

The post Shares of...

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Adani Ports, financial and operational results

  • Consolidated Cargo throughput crosses 100 MMT
  • Western and Southern ports register strong growth
  • Year on Year Coal volume up 13%, Container up 16% and Crude up by 52%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer, operator and the logistics arm of Adani Group, yesterday (Oct. 23) announced its operational and financial performance for the first half and second quarter ended 30th September, 2018.

Operational Highlights: –

For the first time in the...

http://container-news.com/adani-ports-financial-operational-results/

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