Adani Ports eyes 20% container cargo growth in FY18

Adani Ports eyes 20% container cargo growth in FY18
Adani Ports and Special Economic Zone (APSEZ), the logistics and ports arm of the Adani Group, aims to achieve a 20 per cent growth in container cargo in FY18. Moreover, the company feels that containers would account for 41-42 per cent of its overall cargo from a current 36 per cent.

 

A company spokesperson told Business Standard, “We are expecting container cargo growth at 20 per cent in FY18. This will be largely driven by capacity addition at Mundra (Container terminal 3 extension) and higher growth in the range of 25 per cent to 35 per cent at Hazira and Kattupalli.” Going forward, containers would be contributing around 41-42 per cent of the overall cargo, over a five year horizon.  Read more…
Credit By: Business Standard

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