The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

Adani Ports records 37.9 MMT cargo volume in October, says on track to achieve guided yearly volume

by TLAteam November 4, 2024November 4, 2024
written by TLAteam November 4, 2024November 4, 2024
Adani Ports records 37.9 MMT cargo volume in October, says on track to achieve guided yearly volume

Adani Ports And Special Economic Zone Ltd (APSEZ) on Monday announced that it had handled a total of 37.9 MMT cargo in October 2024, keeping the company in the glide path for the guided yearly volume.
On a year-to-date (YTD) basis, Adani Ports handled 257.7 MMT of total cargo, recording a growth of 8 percent on-year. In a regulatory filing, the company said that the growth was supported by containers which posted a growth of 19 per cent YoY, followed by liquids & gas, which went up by 9 percent YoY.

Business News

APSEZ’s YTD October 2024 logistics rail volume posted a growth of 11 percent on-year to 0.36 million TEUs and GPWIS volumes grew 18 per cent YoY to 12.5 MMT.
Earlier in October, APSEZ released its fiscal second quarter earnings with profit growth of 37 percent to Rs 2,412.54 crore as against Rs 1,761.63 crore in the year-ago period. Meanwhile, its total income rose to Rs 7,372.37 crore, up 6 percent from Rs 6,951.86 crore recorded in Q2FY24.

Ashwani Gupta, Whole-time Director & CEO, APSEZ, had said, “We are pleased to witness continued growth across our operations, with our existing ports delivering strong volume rampups and new capacity additions progressing as planned in Gopalpur, Vizhinjam and Colombo.”During the quarter, we also diversified our marine fleet, adding 26 offshore support vessels. Our logistics business too achieved robust growth, enhancing last-mile connectivity through expansions in rakes, warehousing, MMLPs and agrisilos. Mundra Port’s remarkable milestone of crossing 100 MMT in 181 days and our cargo volume trajectory reaffirm our confidence in delivering our FY25 cargo guidance and hitting the upper end of our EBITDA guidance for the year. These results underscore APSEZ’s commitment to sustainable growth and operational excellence,” he had further stated.

0 comment
previous post
Royal Enfield to Unveil First Electric Bike on November 4, Teaser Evokes WWII Airdrop Legacy
next post
Honda Cars India releases Teaser imagefor the All-New 3rd Generation Honda Amaze

You may also like

RCB Victory Celebration Turns Deadly: 3 Dead Many...

June 4, 2025

Monsoon Session of Parliament from July 21; First...

June 4, 2025

Medical Representatives Barred from Government Hospitals, Says Health...

June 4, 2025

“18 Years. 2 Virgins”: Durex India’s Bold IPL...

June 3, 2025

Nashik Kumbh Mela 2025 Starts on October 31-...

June 3, 2025

Rajeev Shukla Likely to Become BCCI President as...

June 2, 2025

Sensex Falls 700 Points Despite Strong GDP Growth:...

June 2, 2025

New Financial Rules from June 1: EPFO, Aadhaar...

June 1, 2025

COVID-19 Cases Rise in India, Over 3,000 Active;...

June 1, 2025

Indian Tourist Attacked by Tiger in Thailand While...

May 31, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • AESL wins Rs-1,660 crore transmission project in Maharashtra

    June 4, 2025
  • WHEN YOU’VE FOUND “THE ONE” SEAL IT WITH THE PLATINUM LOVE BANDS ‘THE WEDDING EDITION’

    June 4, 2025
  • Jinal Joshi Mesmerizes in Bikini Photoshoot

    June 4, 2025
  • RCB Victory Celebration Turns Deadly: 3 Dead Many Injured in Stampede Outside Chinnaswamy Stadium (VIDEO)

    June 4, 2025
  • Fake Ticket Checker Caught Cheating Passengers at Ahmedabad Railway Station

    June 4, 2025
November 2024
MTWTFSS
 123
45678910
11121314151617
18192021222324
252627282930 
« Oct Dec »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.