Adani International Container Terminal Became the First Terminal in the World to Handle More Than 3 Lakh Containers per Month

In November 2023, Adani International Container Terminal set a national record by handling 3,00,431 TEUs across 97 vessels, beating its previous record of 2,98,634 TEUs set in March 2021.

Adani International Container Terminal Private Limited (AICTPL), a joint venture at Adani Ports and SEZ in Mundra, became the first terminal in India to handle 3,000,000 containers in a month in November. In a document, the business described it as a “remarkable accomplishment” for APSEZ as well as a momentous occasion in Indian maritime history.

By processing around 10,000 TEUs each day, the terminal set a national record by carrying 3,00,431 TEUs across 97 vessels in November 2023, beating its previous record of 2,98,634 TEUs in March 2021. TEUs, or ‘twenty-foot equivalent units,’ are volume measurements in twenty-foot containers.

Today, Adani Ports shares were trading 4.45 percent higher at Rs 864.40. The stock has risen roughly 5% year to date (YTD) and 17% in the previous six months. Promoters owned 65.53 percent of the Adani Group business as of September 2023.

Furthermore, two additional APSEZ ports, Dhamra and Ennore, handled their largest monthly volumes ever, processing 3.96 MMT and 65,658 TEUs, respectively.

Meanwhile, freight volumes at APSEZ increased by 42% year on year to 36 MMT. The business stated that increase was seen across all three primary cargo categories, including dry bulk (over 60% year on year), containers (over 26%), and liquids and gas (over 23%).

Adani Ports and SEZ handled 275 MMT of cargo in the first eight months of FY24, from April to November, representing a 21% increase year on year. According to the firm, this represents more than 70% of the high end of its full-year projection range of 370-390 MMT.

The success, according to APSEZ, not only validates the company’s and Mundra port’s status as industry leaders, but also illustrates its operational excellence.

Adani Ports and Special Economic Zone Limited (APSEZ), a subsidiary of the diversified Adani Group, reported on Monday that it has registered robust cargo volumes of roughly 36 MMT in November 2023, up 42% year on year. “Growth was witnessed across all three broad cargo categories – dry bulk (over 60 [er cent YoY), containers (over 26 per cent) and liquids and gas (over 23 per cent),” according to the business in a regulatory filing. 

APSEZ handled over 275 MMT of freight in the first eight months of FY24 (April-November 2023), a 21% increase year on year. This, it claimed, represents more than 70% of the high end of its full-year projection range of 370-390 MMT.