Mundra port in Gulf of Kutch (Gujarat), which is operated by Adani Port and Special Economic Zone (APSEZ), handled 21 percent more cargo at 82 mn t during 2012-13 compared to the previous year.
The port is expected to surpass the cargo volume of Kandla Port, which is also based in Gujarat, by next year. In 2012-13, Kandla Port handled over 89 mn mt cargo.
Also, Mundra Port is said to be the largest coal handling port in India by overtaking Pardip port during 2012-13.
The port handled over 26 mn t of coal during the just ended fiscal. The Adani Group has coal mining rights in Australia and Indonesia.
In a press release, Gautam Adani, Chairman of APSEZ said Adani Ports is indeed India’s foremost port and it is a matter of pride that it continues its march towards becoming the biggest commercial port in India.
Disinvestment of the port at Abbot Point, Australia will further give fillip to its growth plans, Adani said.
The company’s net profit for the 2012-13 increased by 49 percent to Rs 1,754 crore as compared to Rs 1,177 crore in the previous year.
The company’s port at Dahej has also performed well during the year. There is a four-fold increase in cargo handled at Dahej port of 7.56 mn t as against 2.14 mn t cargo handled a year ago.