Adani's Mundra Port crosses 100 MT mark cargo handling in FY14

Mundra Port, the flagship port of Adani Ports and SEZ Ltd (APSEZL) today said it has achieved a new landmark of handling 100 million tonnes (MT) of cargo in FY13-14.
"In a short span of just 12 years Mundra Port created history by achieving 100 MT of commercial cargo in a year. This is the fastest growth in Port sector our country has witnessed and one of the best by global standards, surpassing all the government as well as private commercial ports of India," the company said in a statement.
The port today possesses capacity to handle over 200 MT of cargo.

This is the only commercial port in India to have achieved such a unique feat recording a compounded annual average growth rate of over 35 per cent, it added.
The Mundra Port, signed the concession agreement in 2001- 2002.
Commenting on the development, Chairman, Adani Group, Gautam Adani said, "This is a significant milestone for APSEZL's journey. It reconfirms my faith in the passion and commitment of our employees. This coupled with our customers' trust in our capabilities will help us in achieving our vision of handling 200 MT of cargo much ahead of our original timeline of 2020."

He added, "I see Mundra Port as a strategic harbinger which our network of ports on Indian coast will emulate, and grow exponentially."

APSEZL, India's largest port developer and operator is part of the Adani Group.
The company developed India's longest private railway line (64 km) to connect Mundra port with the national railway grid in November 2000.
The first container terminal of the current three, was commissioned in July 2003 and the first offshore single point mooring for crude oil, was commissioned in December 2005.
Also, Roll On Roll Off (Ro-Ro) automobile terminal with a floating pontoon (one of its kind in South Asia) was commissioned in January 2009.
Mundra boasts of the world's largest and fully-mechanised coal import terminal with a capacity of 60 MTPA which was commissioned in December 2010.

Adani Ports and Special Economic Zone also operates terminals in Hazira and Dahej, in Gujarat, Mormugao in Goa and Visakhapatnam in Andhra Pradesh. It is setting up a bulk cargo handling facility in Tuna Tekra (Kandla Port) in Gujarat and a container terminal at Ennore in Tamil Nadu.