The flagship Mundra port of the Adani Group marked a significant milestone in August by recording its highest-ever monthly cargo volume. The port effectively handled 15.32 million metric tons (MMT) of cargo during this month. According to a formal statement released by the corporation, the port coordinated the simultaneous transit of an amazing 1,776 trains, including 1,532 container trains.
The joyful statement made in the filing said, “Our flagship port, Mundra, has achieved an unprecedented monthly cargo volume of 15.32 MMT, along with an all-time high count of 1,776 trains, including 1,532 container trains.” This achievement is just one of many noteworthy milestones Mundra Port has achieved in terms of cargo volume this year.
By processing more than 5,300 twenty-foot equivalent units (TEUs) in the previous month of July, Mundra port exceeded the pre-cyclone Biparjoy levels of about 4,900 TEUs. Operations at the port had already been hampered by the cyclone, which resulted in an unavoidable shutdown of around six days.
Interestingly, storm Biparjoy caused some difficulties, but Mundra port nonetheless managed to increase cargo throughput during the first quarter of FY24 by a remarkable 4.4 percent year over year. Additionally, it is anticipated that the third quarter of FY23 would see the opening of a new berth, T3, which will increase the port’s capacity by an additional 0.8 million TEUs.
Adani Ports and Special Economic Zones Ltd (APSEZ), a subsidiary of the Adani Group, broke the previous record for handling rail goods in May this year by handling the biggest amount ever—120.51 MMT for FY2022-23.
The biggest container handling port in India, the Mundra port, is run by APSEZ. It effectively handled more than 6.6 million TEUs in FY23 alone, reaffirming its status as a crucial entryway to the northern and center parts of the nation.
While this was going on, APSEZ claimed that its cargo volumes had grown significantly year over year, by 17%, to reach 34.2 MMT. This rise was primarily attributable to significant increases in container, liquid, and gas cargo volumes, which increased by 27%, 66%, and astonishing 71%, respectively.
The corporate filing also emphasized the considerable expansion of APSEZ’s logistics division, which saw a 24 percent rise in TEUs year over year to a total of 231,689 units. Additionally, the freight carried under Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS) increased significantly by 42 percent, reaching 7.37 MMT.
Adani Group’s involvement in the General Purpose Wagon Investment Scheme (GPWIS) demonstrates its commitment to funding general-purpose rake purchases in coordination with Indian Railways for the transportation of prohibited commodities including coal, coke, ore, and minerals.
