Adani Ports posts positive FY20 results

Adani Ports and Special Economic Zone Limited (APSEZ) has reported record container handling volumes for the financial year 2020 (FY2020), up 8% year-on-year at 6.25m teu.

Overall cargo throughput grew 7% and Mundra continues to be the largest commercial port, handling 139 MMT during the year.

Karan Adani, chief executive officer and whole time director of APSEZ, said: “Our strategy to diversify and ability to handle all types of cargo enabled us to outperform and deliver another year of stellar operational performance.”