Adani Ports’ Volume Growth Led by Containers

Image Courtesy: Adani Ports

India’s port developer Adani Ports and Special Economic Zone Limited (APSEZ) ended the fiscal year 2017 with an 11 percent increase in its cargo volumes, mainly driven by a surge in container numbers.

The company’s consolidated cargo volumes reached 169 million tons in the year ended March 31, 2017, up from 152 million tons reported in the previous fiscal year.

Similarly, Adani ports’ revenue was up by 19 percent to INR 84.4 billion, while its reported EBITDA increased by 20 percent to INR 64 billion. The ports’ container volumes crossed four million TEUs for the first time, increasing by 27 percent to 4.24 million TEUs on a year-on-year basis.

“This is one of our best all round performance. Our strategy to diversify our cargo mix and focus on high value cargo continues to yield positive results,” Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ, said.

“FY17 volume growth was led by containers and high growth in other ports namely Hazira, Dhamra and Kattupalli. Our EBITDA margins have been improving year on year and this is likely to continue given our focus on operational efficiencies, technology and cost control,” Adani added.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >