The Adani Port and Special Economic Zone (APSEZ) has become the biggest coal handling port in India by overtaking Pardip port during 2012-13. This private port developer that operates the Mundra port in Gulf of Kutch (Gujarat) is now within sniffing distance of overtaking Kandla as the countrys top-most port in terms of cargo volumes.
APSEZ overtook Paradip port a major port located in Orissa in the beginning of the fourth quarter to emerge as the biggest coal handler in the country. Over 26 million metric tonnes (MMT) of coal was handled during the just ended fiscal,2012-13,a company spokesperson said. The Adani Group has coal mining rights in Australia and Indonesia.
APSEZs Mundra port in total handled over 82 MMT of cargo during 2012-13,which is a growth of 21% compared to the volumes handled a year ago. APSEZ is now close to overtaking Kandla which has handled over 89 MMT of cargo.
Adani Ports is indeed Indias foremost port and it is a matter of pride that it continues its march towards becoming the biggest commercial port in India. Disinvestment of the port at Abbot Point,Australia will further give fillip to its growth plans, Gautam Adani,chairman of APSEZ stated in a release here on Wednesday.
The companys net profit for the 2012-13 increased by 49% to Rs 1,754 crore as compared to Rs 1,177 crore in the previous year.
The companys port at Dahej has also performed well during the year. There is a four-fold increase in cargo handled at Dahej port of 7.56 MMT as against 2.14 MMT cargo handled a year ago.