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Adani Ports expected to see strong Q1 results

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WINWIN

WINWIN

AHMEDABAD:

Adani Ports is expected to see a strong first quarter, driven by healthy port cargo volume growth and a sharp ramp-up in the logistics business.

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During the June quarter, Adani Ports clocked 101.4 MMT of total cargo volumes, which is 11.5%year-on-year(YoY)growth.

Thegrowthwasobservedacross mostportsandallthreebroadcargo segments. While the container segment rose 19%, liquids and gas was up 8% and dry bulk increased by7%.

In June alone, Adani Ports handled 32.8 MMT of cargo including1MMTatitsHaifaport.

Logistics volume also continues to record a significant jump with YTD rail volumes of 131,420 TEUs, which is up 18% YoY, and GPWIS volumesof4.35MMT,higherby40% YoY.

Adani Ports is the largest commercial ports operator in India accounting for nearly one-fourth of thecargomovementinthecountry.

It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha.

In the preceding March quarter, the company had posted a 5% growth in its consolidated net profit at Rs 1,159 crore. Meanwhile, consolidated revenue grew 40% to Rs5,797crore.

Zim Integrated Shipping Services Notice

m.v.

“VARADA” 0066

The above vessel is arriving at MUNDRA PORT on 19-07-2023 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

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Notice To Consignees

m.v. “KMTC DELHI ” 2325E I.G.M. No : 2349310

Date : 14-07-2023

The above vessel is arriving at Mundra on 18-07-2023 as per following details.

Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.

If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.

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