Adani Ports and Special Economic Zone Limited, one of India’s largest port developers, has reported record breaking cargo throughput volumes in the first half of the current financial year, ending September 30th, 2019. The company’s network of ports and terminals in India handles a total of 109 million tonnes, 9% more than in the same period of the previous financial year.
The fastest growing port within the group was Dhamra, on the eastern coast, which registered a growth rate of 46%. Kattupalli, to the south, achieved a 17% increase, while the western ports of Hazira and Mundra increased cargo flows by 7% and 5% respectively.
There were a number of key developments over the six month period, including the establishment of a new container terminal with a capacity of 500,000 teu a year at Mundra, and the commencement of LNG handling operations at the same port at a new facility, with a 3.2 million tonnes annual capacity, this October. 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 KL.
Adani Ports’ share of the Indian port market in the first half of the year increased to 22% of all cargo volume and to 35% of all container traffic. The company says it is optimistic about prospects for the second half of the year and is confident of achieving over 224 million tonnes of cargo throughput in the full 12 month period.