In September, Adani Ports & Special Economic Zone (APSEZ) reported that it has registered a 13 percent year-on-year growth in cargo volumes. Reportedly, cargo volumes of the India’s largest private multi-port operator reached 26.1 MMT (million metric tons) in September.

APSEZ said that this volume jump is despite an extended monsoon which adversely affected the coal demand/imports and the ban/higher duties on rice exports imposed at the beginning of the month.
Notably, Adani Ports & SEZ, the logistics company of Gautam Adani-led Adani Group, accounts for nearly one-fourth of the cargo movement in India. In the first half of FY23 (April-September), cargo volumes surged 11 percent compared to the corresponding period last year at 177.5 MMT

East coast volumes were up 13 percent year-on-year in the last six months, primarily driven by Kattupalli & Ennore where the combined volumes rose 51 percent. Volumes surged at Krishnapatnam and Gangavaram with the growth of 13 percent and 9 percent, respectively. At the west coast, volume surged 10 percent supported by Dahej (65 percent), Mundra (8 percent), Tuna (19 percent), and Goa (22 percent).