Mundra Port handles highest cargo volumes in India

By Joseph R. Fonseca
Thursday, May 15, 2014
Adani logo


Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced the financial results for the fourth quarter and year ended March 31,2014.

Consolidated total income for the year FY14 increased by 43% to Rs 5,508 crore compared to Rs 3,841 crore in the last year. The consolidated EBIDTA increased by 36% to Rs 3,604 crore compared to Rs 2,640 crore in the last year. The consolidated PAT without considering Abbot Point, which had been divested last year,  for the current year increased by 13% to Rs 1,740 crore as compared to Rs1,538 crore in the last year. The consolidated cargo handled by the company was 112.75 MMT in year FY14, an increase of 24%, over last year.

Consolidated total income for the current quarter increased by 19% to Rs 1,289 crore compared to Rs 1,082 crore in the same period last year. The consolidated EBIDTA increased by 20% to Rs 836 crore compared to Rs 698 crore in the same period last year.

The consolidated PAT without considering Abbot Point, which had been divested last year, for the current quarter increased by 43% to Rs 530 crore as compared to Rs 370 crore in the same period last year. The consolidated cargo handled by the company was 28.85 MMT in Q4FY14, an increase of 12%, over same period last year.

Adani ports Mundra handled 101.12 MMT cargo making it the largest commercial port in India. It registered a 23% growth in the year FY14 compared to growth of 2% for cargo at all major ports. In case of containers, it handled 2.39 million TEUs with 38% growth as compared to de-growth by 3% in container volume at all major ports. 

During the current quarter Adani Ports Mundra handled 26.39 MMT cargo with 15% growth in Q4FY14 compared to growth of 1% for at all major ports. In case of containers, it handled 0.71 million TEUs with 49% growth as compared to a no growth at all major ports.

Commenting on the results, Gautam Adani, Chairman, Adani Ports & SEZ Ltd. said, “It has been a proud year for us as Mundra Port is the first Indian commercial port to cross the 100 million ton mark. We expect to continue our leadership in the sector and contribute towards Nation Building.”

Sudipta Bhattacharya, Chief Executive Officer elaborating on the financial performance said, “We had a robust year with growth on all fronts and improved margins. Our focus on integrated services, process efficiencies coupled with our customer focus will enable us to create significant value for all the stakeholders.”

The port at Dahej continues to perform very well. It handled cargo of 7.89 MMT in the year FY14, a rise of 4% as compared to 7.56 MMT in corresponding period previous year.

The port at Hazira handled a cargo of 0.94 MMT in Q4FY14 and 3.73 MMT in the year FY14.

The Board of Directors have recommended a dividend of 50% i.e Rs.1 per equity share for FY 13-14.

(Rs 60 = $ 1)

  • Adani Ports & SEZ Ltd

    Adani Ports & SEZ Ltd

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


MECNW Appoints New CEO

Terry Weston has been confirmed as Chief Executive of Maritime and Engineering College North West (MECNW) following the retirement of his predecessor, Jim Teasdale, at the end of September.

MacGregor's Deck Machinery for Sentinel Marine ERRV

MacGregor, part of Cargotec, will supply deck machinery for a new 65m emergency rescue & response vessel (ERRV) for Sentinel Marine. The ship has been designed

Maersk to Install Inmarsat's Entertainment Service

The leading provider of global mobile satellite communications services, today announced that Maersk Tankers, the owner and operator of one of the world’s largest fleets of product tankers,


PCCI to Provide Revised Crane Load Chart

PCCI, Inc. of Alexandria, Virginia, was awarded a contract by the Department of Transportation/U.S. Maritime Administration (MARAD) to provide a new, revised

Finland Scraps LNG Terminal Plan

Finnish gas utility Gasum has abandoned its plans to build the Finngulf liquefied natural gas  (LNG) import terminal in Finland with an offshore pipeline connection

Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,


Rolls-Royce to Cut More Staff of Marine Unit

Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient

Wärtsilä Debuts Package for hydropower & industrial plant

Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals,

Smith Taken on Rolls-Royce Holdings Board

Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director.  Sir Kevin will join the Board with effect from


Search for Ship Lost in Hurricane a Big Challenge

Deep seas may complicate efforts to find the sunken U.S. cargo ship lost off the Bahamas during Hurricane Joaquin, a federal safety investigator said, as a search

Weak Capesize Rates Depress Baltic Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday on weak demand for capesize vessels. The overall index,

U.S. Investigators Head to Florida to Probe Ship Lost in Hurricane

Federal safety investigators traveled to Florida on Tuesday to investigate the U.S. container ship lost at sea after being hit by powerful Hurricane Joaquin, leaving

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1679 sec (6 req/sec)