Adani Group-owned ports operator, Adani Ports and SEZ Ltd (APSEZ) on Monday informed that its Mundra Port has registered 100 million tonnes (MT) of cargo handling during fiscal 2013-14, highest by any commercial port in India.
The unique feet for the company came within a span of 12 years, after it signed the concession agreement in 2001-02.
Commenting on the development, Gautam Adani, Chairman, Adani Group said, "This is a significant milestone for APSEZ’s journey. It reconfirms my faith in the passion and commitment of our employees. This coupled with our customers’ trust in our capabilities will help us in achieving our vision of handling 200 million metric tonnes of cargo much ahead of our original timeline of 2020. I see Mundra Port as a strategic harbinger which our network of ports on Indian coast will emulate, and grow exponentially.”
The port has the capacity to handle over 200 million tonnes of cargo per annum.
It shows a fastest growth in India’s ports sector surpassing all the Government as well as private commercial ports of India (a compounded annual average growth rate of over 35 per cent), the company informed in a statement issued on Monday.
Mundra port, world’s largest and fully mechanized coal import terminal, has coal handling capacity of 60 MTPA.
The company has developed rail connectivity through the longest private railway line (64 km) to connect Mundra port with the national railway grid in November 2000.
The first of the three container terminals at present was commissioned in July 2003, while the first offshore single point mooring for crude oil was commissioned in December 2005. State-of-the-art Roll on Roll Off (Ro-Ro) automobile terminal with a floating pontoon was commissioned in January 2009, the company further informed.
APSEZ also operates terminals in Hazira and Dahej, in Gujarat, while Mormugao in Goa and Visakhapatnam in Andhra Pradesh.
It is setting up a bulk cargo handling facility in Tuna Tekra (Kandla Port) in Gujarat and a container terminal at Ennore in Tamil Nadu.
APSEZ shares ended 0.8 per cent up at Rs 187.5 on the Bombay Stock Exchange (BSE) on Monday.