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APSEZ handled 420 MMT of cargo globally in ’23-24

Adani Ports and Special Economic Zone (APSEZ) has handled 420 million metric tonne (MMT) of cargo in the fiscal year 2023-24, globally. The cargo volumes have gone up 24% year-on-year.
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Source: Times of India

Following the announcement, the company’s share prices touched the upper ceiling setting a new 52-week high of 1,381.15 apiece on the BSE.

Of the total global volume, some 408 MMT came from the company’s domestic ports. APSEZ clocked record volumes despite geopolitical challenges like the Red Sea crisis, Panama Canal issues, Russia-Ukraine conflict, disrupting global trade.

Karan Adani, Managing Director, APSEZ, said, “While it took 14 years for the company to achieve the first 100 MMT of annual cargo throughput, the second and third 100 MMT throughputs were achieved in 5 years and 3 years. The latest 100 MMT mark has been achieved in less than two years.”

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