Ahmedabad, 2 April (IANS). Adani Ports and Special Economic Zone Limited (APSEZ) handled 450 million metric tons (MMT) cargo in FY 2024-25, which reflects an increase of 7 percent on an annual basis. This information was given on Wednesday.
Mundra, the leading port of APSEZ, has achieved a historic achievement by crossing 200 MMT cargo mark in the same financial year, which has been made by any Indian port for the first time.
The country’s largest port operator handled 420 MMT cargo in FY 2023-24, which overtook the government’s 410 MMT volume.
A record 24 percent revenue increase with this milestone, a jump of 50 percent in net profit and 24 percent increase in cargo movement.
APSEZ managing director Karan Adani is leading the company to global dominance, aiming to become the world’s largest port operator by 2030, achieving carbon neutrality by 2025 and getting net-zero emissions by 2040.
Karan Adani said, “Akanksha is a promise that we do by ourselves. Under the leadership of our president Gautam Adani, we will continue to touch the highs of the sky.”
Karan Adani insisted on APSEZ’s commitment to these national objectives and resolved to expand the global trade connectivity and strengthen the infrastructure.
The vision of APSEZ is in line with India’s comprehensive economic goals. The government has set a target of business export of $ 1 trillion by 2030, as well as a target to reduce the logistics cost from 14 percent of GDP to 8 percent.
Despite challenges such as global trade disruption in the Red Sea, Panama Canal Crisis, Geophysical Conflict and seasonal events, APSED remains flexible.
Its development strategy focuses on increasing infrastructure, adopting cutting-edge technology, improvement in operations and efficiently handling various types of cargo.
APSED, currently 27 percent of India’s cargo volume has developed or acquired 14 ports and terminals since 1998.
The company also operates international ports in Haifa (Israel), Abbott Point (Australia), Colombo (Sri Lanka) and Dar S Salaam (Tanzania), increasing its global appearance.
Adani Ports is the largest port operator of India and its goal is to develop the country’s cargo volume at double the rate.
-IANS
SKT/ABM
