India's Adani Ports handle milestone 109m tonnes of cargo in H1
ADANI Ports and Special Economic Zone Limited handled a record 109 million tonnes of cargo across its network of ports and terminals in India in the first half of the current financial year that ended on September 30, representing year-on-year volume growth of nine per cent.
The fastest growing port within the group was Dhamra, on the eastern coast, which registered a growth rate of 46 per cent. Kattupalli, to the south, achieved a 17 per cent increase, while the western ports of Hazira and Mundra saw cargo volumes rise by seven per cent and five respectively, reported The Maritime Standard, Dubai.
There were a number of highlights over the reporting period, including the development of a new container terminal at Mundra with an annual handling capacity of 500,000 TEU. In October, a new facility at Mundra port also commenced liquefied natural gas (LNG) handling operations with an annual handling capacity of 3.2 million tonnes.
Adani's Kattupalli port now has a new liquid bulk terminal, while Hazira port benefits from new tank storage units with a total capacity of 24,000 kilolitres.
Adani Ports' share of the Indian port market in the first half of the year grew to 22 per cent of all cargo volume and to 35 per cent of all container traffic. The company is confident of achieving 224 million tonnes of cargo throughput during the entire financial year.