Cargo Breaking News
With easing of lockdown and revival of economy, cargo throughput at APSEZ rebounded and registered a spectacular growth. Adani Ports and Special Economic Zone (APSEZ) has announced its operational and financial performance for the second quarter and half year ended September 30, 2020. The growth was across segments and coasts. In the month of October’20 ports excluding Krishnapatnam Port (KPCL) handled cargo volume of 22 MMT which is a growth of 21 per cent on a year on year basis. KPCL the newest port in our portfolio handled cargo volume of 3.2 MMT. For FY21, we expect cargo throughput excluding Krishnapatnam Port to be in the range of 225-230 MMT. In addition Krishnapatnam Port is expected to handle around 20 MMT in H2 FY21.
On the back of rebound in economic activities, cargo volume bounced back and registered a phenomenal growth of 36% on a QoQ basis and 7 per cent on a YoY basis. All segments of cargo registered growth on a QoQ basis. While coal registered 30 per cent growth, container grew by 34 per cent, crude by 52 per cent and other bulk cargo registered a growth of 40 per cent.
Non-Mundra ports registered a growth of 28 per cent, while Mundra port grew by 40 per cent. Cargo volume at Hazira grew by 45 per cent, Kattupalli by 54 per cent and Dahej by 145 per cent.
Registering double digit growth, cargo volume at Dhamra Port increased by 30 per cent on QoQ basis and 21 per cent on YoY basis. LNG and LPG which was added as part of our diversified cargo portfolio in October 2019 gained traction. In Q2 FY21, Mundra Port handled 1,42,000 MT of LPG and 5,17,000 MT LNG.
