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Hot Pursuit News

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(02 Jul 2024, 14:53)

Adani Ports June cargo volumes rises 12% YoY

Adani Ports and Special Economic Zone (APSEZ) clocked 37 million metric tons (MMT) of cargo volume in June 2024, registering a growth of 12% YoY.

The increase in the cargo volume was led by growth in containers (up 33% YoY) and liquids & gas (up 8% YoY).

The company's Kattupalli Port handled its highest ever monthly cargo volume of 1.36 MMT.

For the quarter ended 30 June 2024, APSEZ clocked 109 MMT of total cargo (up 7.5% YoY). The growth in cargo was primarily driven by containers (up 18%) and liquids & gas (up 11%).

Within the logistics segment, quarterly rail volumes stood at 156,590 twenty-foot equivalent units (TEUs) (up 19% YoY) and General Purpose Wagon Investment Scheme (GPWIS) volumes were at 5.56 MMT (up 28% YoY).

Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked m...

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