The container volumes handled by Adani Ports and special economic zone in December 2022 increased by eight per cent year over year, the company reported on Wednesday, handling 25.1 million metric tonnes (MMT) of goods. 

In a filing to the stock exchanges on Wednesday, the business stated that it recorded 253 MMT of cargo volumes for the nine-month period of April to December 2022, which is eight per cent more than the same period a year ago.

While operating revenue grew 32.8 per cent to Rs 5,210.80 crore, Adani Ports recorded a 65.5 per cent jump in net profit to Rs 1,737.81 crore in the September 2022 quarter.

There have recently been reports that Adani Ports, with an offer of Rs 1,200 crore, won the bidding for Karaikal Port. The bid is still being processed, according to APSEZ, and no decision has yet been made.

The business has presented a resolution plan in the corporate insolvency proceeding for Karaikal Port which is being carried out in accordance with the National Company Law Tribunal (NCLT), Chennai Bench, ruling dated 29 April 2022.

The largest port developer and operator in India are Adani Ports, which has six strategically positioned ports and terminals on the west coast: Mundra, Dahej, Tuna, and Hazira in Gujarat, Mormugao in Goa, and Dighi in Maharashtra.

Additionally, the firm manages six ports and terminals along India’s East Coast: Dhamra in Odisha; Gangavaram, Visakhapatnam, and Krishnapatnam in Andhra Pradesh; Kattupalli and Ennore in Tamil Nadu. These ports account for 24 per cent of the nation’s total port capacity.

Source : businessworld