Adani Ports cargo volumes jump 17% to 28.64 MMT in April

Adani Ports & Special Economic Zone announced the highlights of operational performance as under:

- Adani Ports handled a cargo volume of 28.64 MMT in April '22 vs. 24.46 MMT in April '21, implying a y-o-y growth of 17%.

- The coal volumes bounced back and registered a 23% y-o-y growth

- The agriculture cargo and fertilizer handling at its ports has seen a 350% increase y-o-y. Last month, the Government of India also announced that the country is likely to see a record wheat export this financial year.

- China's decision to cap its steel production has provided a boost to India's steel industry, which is reflected in a 35% y-o-y jump in coking coal volume at the company's ports.

- Overall, April is the second consecutive month, with cargo volumes crossing a record level of 28 MMT

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