APSEZ generates a record revenue of Rs 14,000 crore for Indian Railways in FY23
Editor’s Synopsis
- Adani Ports surpasses the previous best of 98.61 MMT in FY22
- Cargo handled by rail has grown by 22% YoY
- In FY23, Mundra Port handled 15,000 container trains
Ahmedabad, 17 May 2023: Adani Ports and Special Economic Zone Limited (APSEZ), a flagship company of the Adani Group, has set a new benchmark by handling the highest-ever rail cargo of 120.51 MMT in the financial year 2022-23, surpassing the previous best of 98.61 MMT.
APSEZ is committed to providing end-to-end logistics. Under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways, cargo handled by rail has grown by 62% YoY. Mundra Port handled over 15,000 container trains in FY23, cementing its position as India’s EXIM gateway. In FY23, APSEZ generated around Rs 14,000 crore in revenue from rail cargo for Indian Railways.
In FY23, double-stack container trains handled by Mundra Port grew by 4.3% YoY.
Double stack loading of containers on trains ensures transportation in an energy efficient and reliable manner, reducing overall per unit cost and improving customer satisfaction.
It demonstrates Mundra Port’s commitment to environmentally friendly operations. The use of rail transport reduces the carbon footprint of freight transport, and the efficient handling of container trains reduces the need for additional truck transport, further reducing carbon emissions.
India’s largest commercial port operator, Adani Ports has been a leader in the development of India’s port and logistics infrastructure. This feat is an example of responsible business practices and sustainable development.
