Adani becomes first Indian port operator to record 200 MMT cargo movement
Adani Ports and Special Economic Zone (APSEZ) said on Wednesday that it has recorded cargo movement of more than 200 million metric tonnes (MMT) at nine ports along the east and west coasts, becoming the first Indian port operator to achieve the milestone.
“Our projections were to reach this milestone by 2020 but we could achieve it ahead of schedule, courtesy the tech-driven operational efficiency and enhanced asset utilisation,” said APSEZ Chief Executive Officer Karan Adani.
“Robust capacity addition at our leading ports such as Dhamra and Mundra as well as deepening presence closer the hinterland with new facilities such as Ennore and Kattupalli played a critical role in this journey,” he said. “The focus on adding value as an integrated logistics player and coastal shipping of coal further bolstered the process.”
Going forward, APSEZ plans to double the growth up to 400 MMT by 2025. The company said it will integrate conventional business processes with tech-driven innovations and new-age digital technologies.
“The focus for the immediate future is to reduce the turnaround time, drive up volumes without adding resources and increase in-transit visibility utilisation by eliminating unproductive trips among other benefits,” said Adani.
Adani Ports embarked its journey in 2001 and has become one of the largest port operators in the world. It took 12 years to reach the 50 MMT mark followed by another three years to cross the 100 MMT mark in 2013-14, and then just five years to exceed the 200 MMT mark.
“With 90 per cent of the country’s trade by volume dependent on the sea, this milestone is another indicator of our efforts towards nation-building,” said Adani.
APSEZ’s 10 strategically located ports and terminals represent 24 per cent of the country’s total port capacity, handling vast amounts of cargo from both coastal areas and the vast hinterland. The company is also developing a transhipment port at Vizhinjam in Kerala.