Adani Ports and Special Economic Zone Limited (APSEZ) has reported significant growth in its cargo handling operations, marking a strong performance for the first half of the fiscal year.

Record-Breaking H1 Performance

APSEZ handled an impressive 244.20 Million Metric Tonnes (MMT) of port cargo during H1, representing an 11% year-over-year increase. This volume marks the company's highest ever half-yearly cargo handling, showcasing its operational efficiency and growing market presence.

Container Volume Surge

A standout feature of APSEZ's performance was the substantial growth in container volume. The company reported a remarkable 20% year-over-year increase in container handling during H1, indicating a robust demand in the containerized cargo segment.

September Highlights

For the month of September alone, APSEZ handled a total port cargo volume of 41.60 MMT, reflecting an 11% growth compared to the same month last year. The container segment continued to drive growth, with a 14% year-over-year increase in September.

Additionally, Adani Ports reported a 22% year-over-year growth in TEUs (Twenty-foot Equivalent Units) for September, further highlighting the strong performance in the container segment.

Logistics Division Performance

APSEZ's logistics division also showed strong results:

Notably, Adani Ports achieved record logistics rail volumes in H1. However, the GPWIS (General Purpose Wagon Investment Scheme) volume remained unchanged during September.

Conclusion

The consistent growth across various segments suggests a positive outlook for the company. The record-breaking performance in cargo handling and logistics operations indicates APSEZ's strong market position and operational capabilities in the port and logistics sector.

As Adani Ports continues to expand its operations and improve its efficiency, these results demonstrate the company's resilience and ability to capitalize on the growing demand for port and logistics services in India.

Gautam Adani, Chairman of Adani Ports & SEZ , has issued a letter to shareholders, addressing recent developments and highlighting the company's resilience and growth. The letter comes in the wake of the Securities and Exchange Board of India (SEBI) dismissing allegations against the Adani Group that were raised in a report by Hindenburg Research on January 24, 2023.

SEBI's Verdict and Company's Response

Adani described SEBI's decision as an "unequivocal verdict dismissing the allegations" against the group. He emphasized that this regulatory clearance serves as a "powerful validation of the transparency, governance, and purpose" with which the company has always operated.

Financial Performance and Growth

Despite the challenges faced, Adani highlighted the group's strong financial performance:

The portfolio EBITDA showed a remarkable two-year CAGR of 25%, while the Gross Block expanded by nearly ₹2 lakh crores over the same period.

Key Infrastructure Projects

Adani outlined several significant projects completed during this period:

• India's first container transshipment port at Vizhinjam
• 6 GW of renewable capacity, including the Khavda project (world's largest single-location renewable project)
• The world's largest copper smelter and metallurgical complex
• 7,000 circuit kms of transmission lines
• 4 GW of new thermal capacity across India and overseas

Future Commitments

Looking ahead, Adani committed to:

1. Further strengthening governance standards
2. Accelerating innovation and sustainability efforts
3. Continuing investments in infrastructure to support India's growth

Chairman's Message

Adani expressed gratitude to investors, lenders, suppliers, and partners for their support during challenging times. He concluded with a message of resilience, quoting Shri Sohan Lal Dwivedi: "The boat that fears the waves can never reach the shore, But those who keep on trying will win forevermore....".

The Chairman's letter reflects a forward-looking stance, emphasizing the company's dedication to transparency, growth, and contributing to India's infrastructure development.