APSEZ generates a record revenue of Rs 14,000 crore for Indian Railways in FY23
Editor’s Synopsis
- Adani Ports surpasses the previous best of 98.61 MMT in FY22
- Cargo handled by rail has grown by 22% YoY
- In FY23, Mundra Port handled 15,000 container trains
Ahmedabad, 17 May 2023: Adani Ports and Special Economic Zone Limited (APSEZ), a flagship company of the Adani Group, has set a new benchmark by handling the highest-ever rail cargo of 120.51 MMT in the financial year 2022-23, surpassing the previous best of 98.61 MMT.
APSEZ is committed to providing end-to-end logistics. Under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways, cargo handled by rail has grown by 62% YoY. Mundra Port handled over 15,000 container trains in FY23, cementing its position as India’s EXIM gateway. In FY23, APSEZ generated around Rs 14,000 crore in revenue from rail cargo for Indian Railways.
In FY23, double-stack container trains handled by Mundra Port grew by 4.3% YoY.
Double stack loading of containers on trains ensures transportation in an energy efficient and reliable manner, reducing overall per unit cost and improving customer satisfaction.
It demonstrates Mundra Port’s commitment to environmentally friendly operations. The use of rail transport reduces the carbon footprint of freight transport, and the efficient handling of container trains reduces the need for additional truck transport, further reducing carbon emissions.
India’s largest commercial port operator, Adani Ports has been a leader in the development of India’s port and logistics infrastructure. This feat is an example of responsible business practices and sustainable development.
About Adani Ports and Special Economic Zone Ltd
Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group has evolved from a port company to an Integrated Transport Utility providing an end-to-end solution from its port gate to customer gate. It is the largest port developer and operator in India with 6 strategically located ports and terminals on the west coast (Mundra, Dahej, Tuna and Hazira in Gujarat, Mormugao in Goa and Dighi in Maharashtra) and 5 ports and terminals on the East coast of India (Dhamra in Odisha, Gangavaram, and Krishnapatnam in Andhra Pradesh, and (Ennore, Karaikal and Kattupalli in Tamilnadu) representing 24% of the country’s total port volumes, thus providing capabilities to handle vast amounts of cargo from both coastal areas and the hinterland. The company is also developing two transshipment ports at Vizhinjam, Kerala and Colombo, Sri Lanka. Our Ports to Logistics Platform comprising port facilities, integrated logistics capabilities including multimodal logistics parks, Grade A warehouses, and industrial economic zones, puts us in an advantageous position as India stands to benefit from an impending overhaul in global supply chains. Our vision is to be the largest ports and logistics platform in the world in the next decade. With a vision to turn carbon neutral by 2025, APSEZ was the first Indian port and third in the world to sign up for the Science-Based Targets Initiative (SBTi) committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels. For more information, please visit www.adaniports.com
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