Adani Gangavaram Port in Visakhapatnam Sets New Monthly Cargo Handling Record

Following impressive growth, the Adani Gangavaram Port in Visakhapatnam, part of Adani Ports and Special Economic Zone Ltd (APSEZ), achieves a historic milestone by registering its highest ever monthly handling volume. In January 2024, the port handled an unprecedented 4 million metric tons (MMT) of cargo, making a significant leap from its previous record of 3.51 MMT achieved in June 2023, according to our sources.

Impact of Strategic Infrastructure Investments

The record-breaking performance at the Adani Gangavaram Port reflects the impact of strategic investments made in vital port facilities over the years. Funds were channeled into improving cargo handling and railway facilities, resulting in an expansion of the port’s capabilities and delivery of industry-leading services. These enhancements led to the transformation of the port into India’s deepest and ultra-modern maritime facility, setting the stage for a streak of operational achievements.

A Historic Performance

Overall, the APSEZ witnessed a 26% year-on-year increase in cargo volumes handled during January. The Gangavaram Port’s contribution stood out with its record-breaking monthly cargo volume. The cumulative cargo handling from April 2023 through January 2024, which amounted to 346.3 MMT, surpassed the total volumes recorded in the preceding fiscal year. Adani Ports marked an annual volume increase of 44% to 108.6 MMT, bolstered by a 46% surge in dry bulk cargo and a 13% rise in container cargo.

Looking Forward with Optimism

Concluding on a positive note, the management at Adani Gangavaram Port retains an optimistic outlook on future growth. The leadership is poised to continue investing in capacity growth, integrated warehousing, innovative cargo handling solutions, and advanced technology to maintain its industry frontrunner position. The recent performance breakthrough provides a measure of these strategic investments’ efficacy, reaffirming the port’s dedication to breaking new ground in operational efficiency and customer service.

Fact-Checking

Please note that all information included in this article has been sourced from relevant departments within our organization. While we strive for accuracy, we make no guarantees or warranties regarding the accuracy of the performance figures and future projections reported for Adani Gangavaram Port.