Adani Ports Improves Across the Board
- Business & Finance
India’s port operator Adani Ports and Special Economic Zone Limited (APSEZ) handled 108 million tonnes of consolidated cargo in nine months ending December 31, 2014, an increase of 29% compared to the same period last year.
Adani ports at Mundra handled 84 million tonnes of cargo, a 13% growth compared to 5% aggregate cargo growth at all major ports.
The Mundra port handled 2.02 million TEUs in 9M-FY15 as against 1.68 million TEU’s in the same period last year, a 20 % growth as compared to 8% aggregate increase in container volumes at all the major ports.
Consolidated total income increased by 19 % to Rs.4,997 crores (USD 812m) in 9M-FY15 as compared to Rs.4,207 crores (USD 683.3m) in the corresponding period last year.
Consolidated EBIDTA increased by 21 % to Rs. 3,341 crores (USD 544m) in the current nine months as compared to Rs. 2,768 crores (USD 450.6m) in the corresponding period of last year.