India’s largest private port operator Adani Ports and Special Economic Zone Ltd. (APSEZ) on Wednesday (27 March) stated that it had become India’s first port operator to handle cargo movement of over 200 million tonnes (MT) in 2018-19, a year ahead of schedule.
“India’s largest private port operator…recorded cargo movement of more than 200 million metric tonnes (MMT). It became the first Indian port operator to achieve the milestone. This has not been an easy journey,” said the company in a statement. APSEZ, part of the Gautam Adani-led Adani Group had recorded 100 MT cargo in 2013-14.
“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 Mr Karan Adani, Chief Executive Officer, APSEZ.
Double The Capacity By 2025
Presently, Adani operates ten ports and terminals, which together represent 24 per cent of the country’s port capacity. Adani also added that collectively the company has generated over 100,000 jobs, educated over 25,000 students and touched over 200,000 lives. “Going forward APSEZ has set its sights on higher targets with aims to double growth up to 400 MMT by 2025”.
Recently it was reported that APSEZ was also planning to invest Rs 53,031 crore to expand Kattupalli port’s handling capacity from 24.65 tonnes to 320 million tonnes, an increase of almost 1200 per cent.