Adani Ports raises the bar by handling highest-ever rail cargo of over 120 MMT in FY 22-23

Adani Ports raises the bar by handling highest-ever rail cargo of over 120 MMT in FY 22-23

APSEZ generates a record revenue of Rs 14,000 crore for Indian Railways in FY23.

FPJ Web DeskUpdated: Wednesday, May 17, 2023, 09:54 AM IST
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Adani Ports raises the bar by handling highest-ever rail cargo of over 120 MMT in FY 22-23 | Image: Adani Ports (Representative)

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, the company announced through an exchange filing.

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.

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