Mundra Port, the flagship port of Adani Ports and Special Economic Zone Ltd (APSEZ), has overtook state-run Jawaharlal Nehru Port Trust (JNPT) in container handling with 5.65 million twenty-foot equivalent units (TEUs) in FY21, posting a growth of 18 per cent over the previous year.
On the other hand, JNPT handled 4.67 million TEUs in FY21 with a decline of 7.04 per cent over FY20.
With a growth of four per cent on a year-on-year basis, Mundra port handled 144.4 million tonnes (mt) of cargo in FY21, reports BusinessLine.
In March 2021, as a part of its ‘string of ports’ acquisition strategy, APSEZ Ltd acquired 31.5 per cent stake in Gangavaram Port Limited (GPL) located in the northern part of Andhra Pradesh next to Vizag Port.
Also recently, APSEZ increased its stake in Krishnapatnam Port located close to the border between Andhra and Tamil Nadu to 100 per cent making it the country’s second largest private sector port after Mundra.
APSEZ’s port holdings make up 24 per cent of India’s port capacity, making it India’s largest port developer and operator, operating 12 ports and terminals across India — Mundra, Dahej, Tuna and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam and Krishnapatnam in Andhra Pradesh, Dighi in Maharashtra and and Kattupalli and Ennore in Chennai.