Adani Ports and Special Economic Zone Records 35.8 MMT of Cargo Volumes in May'24 Despite Gangavaram Port Shutdown

Adani Ports and Special Economic Zone Limited (APSEZ) reported operational performance for May'24, handling approximately 35.8 MMT of cargo volumes. This is a minimal increase compared to the same period last year. The Gangavaram Port's shutdown led to a loss of around 6 MMT of cargo volumes in April and May'24. However, with operations resumed, APSEZ is confident of recovering these volumes in the upcoming months. The flagship port Mundra achieved significant milestones, including handling 17.6 MMT of cargo and over 700,000 TEUs in May'24. During the first two months of FY25, APSEZ handled 72 MMT of cargo, reflecting a 5% YoY growth primarily driven by containers and liquids & gas.