Its consolidated total expenses increased to Rs 1,347.97 crore in the October-December quarter as against Rs 1,330.86 crore in the year-ago period.
Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said, "all types of cargo namely coal, container, crude and other bulk have shown double digit growth in nine month period (April-December) FY19. We will continue our strategy to diversify cargo mix and continuously add economic hinterland reach."
He said the trend registered in the quarter is likely to continue and the company is set to exceed its earlier guided cargo volume of 200 million tonne in the current fiscal.
About the operational highlights during the quarter, the company said its cargo volume grew by 12 per cent.
Ports across all regions reported strong growth, it said adding while Mundra the flagship port of APSEZ grew by 6 per cent, Hazira and Dahej grew by 15 per cent and 20 per cent respectively. The Eastern port of Dhamra registered a growth of 9 per cent.
It said commercial operations at Ennore port (Chennai) has commenced and it handled 24,000 TEUs (twenty foot equivalent unit) in the quarter.
All segments of cargo registered significant growth, the company said and added while coal grew by 11 per cent, container grew by 9 per cent. Bulk cargo other than coal also registered a growth of 10 per cent.
APSEZ, said its 10 strategically located ports and terminals Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai represent 24 per cent of the country's total port capacity.
The company is also developing a transhipment port at Vizhinjam, Kerala.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.