Adani Ports Improves Across the Board

zoom Indias port operator Adani Ports and Special Economic Zone Limited (APSEZ) handled 108 million tonnes of consolidated cargo in nine months ending December 31, 2014, an increase of 29% compared to the same period last year. Adani ports at Mundra handled 84 million tonnes of cargo, a 13% growth compared to 5% aggregate cargo growth at all major ports. The Mundra port handled 2.02 million TEUs in 9M-FY15 as against 1.68 million TEUs in the same period last year, a 20 % growth as compared to 8% aggregate increase in container volumes at all the major ports. Consolidated total income increased by 19 % to Rs.4,997 crores (USD 812m) in 9M-FY15 as compared to Rs.4,207 crores (USD 683.3m) in the corresponding period last year. Consolidated EBIDTA increased by 21 % to Rs. 3,341 crores (USD 544m) in the current nine months as compared to Rs. 2,768 crores (USD 450.6m) in the corresponding period of last year.