Adani Ports’ cargo volume touches lifetime high of 202.6 MMT in H1 FY24, shares rise

Industry News

Adani Ports’ total cargo for the first half of the 2023-24 fiscal reached 202.6 million metric tonnes (MMT), crossing the 200 MMT milestone in the initial six months of the year, according to the filing.

The growth was contributed by all three cargo types — dry bulk (32 per cent), containers (20 per cent) and liquids and gas (+21 per cent).

Following this, Adani Ports share price jumped 1 per cent on NSE and touched Rs 835 on Tuesday. At 1.15 PM, Adani Port shares were trading at Rs 827.10.

“During September 2023, APSEZ (Adani Ports and Special Economic Zone) recorded cargo volumes of 32.8 MMT (+26 per cent YoY) with all key ports delivering double-digit growth,” the Adani company said in an exchange filing on Tuesday.

Adani Ports’ total cargo for the first half of the 2023-24 fiscal reached 202.6 million metric tonnes (MMT), crossing the 200 MMT milestone in the initial six months of the year, according to the filing.

 

Source: Business Today

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