Adani reports 16% increase in throughput

Indian operator Adani Ports and Special Economic Zones Limited (ASPEZ) recorded a 16% year-on-year rise in container throughput between April and June, handling 1.42m teu.

This growth outpaced that of India’s total container volumes, which were up by 10%. ASPEZ’s terminals in Mundra and Hazira performed particularly well, registering throughput increases of 15% and 19% respectively.

ASPEZ also announced its financial results for the first quarter of the 2019 fiscal year and recorded a 12% fall in revenue, which stood at INR 2,411 crore (US$351M).