Adani Ports and Special Economic Zone (APSEZ), part of the globally diversified Adani Group, had achieved cargo throughput of 223 MT in the last fiscal, thus touching growth of 7% on a y-o-y basis. APSEZ handled record container volume of 6.25 mn TEUs thus registering a 8% growth.
As per the FY20 & Q4 FY20 Results declared by the company, the Operating Revenue grew by 9% from Rs.10,925 cr. in FY19 to Rs.11,873 cr. in FY20 on account of 8% increase in Port revenue and 65 % increase in Logistics revenue.
Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said Our strategy to diversify and ability to handle all types of cargo enabled us to outperform and deliver another year of stellar operational and financial performance. In FY20, we added LNG and LPG into our cargo portfolio. We have also increased our logistics footprint by focusing on increasing connectivity to our ports through our own rakes, inland freight terminals, warehousing solutions and concentrating on end mile connectivity. This enables us to provide an integrated logistics service to our customers and bring them to our port gate.”
*Image is used for illustration only
*Image source: https://www.adaniports.com/