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
Latest posts by Business-Standard.com (see all)
- Coal-Power Projects Worldwide, Including India, See Steep Drop - March 22, 2018
- Power Sector Stress May Worsen Banks’ Bad Loan Pain Even More In Q4FY18 - March 22, 2018
- Capacity Utilisation Up In Select Sectors; May Lead To Investment Revival - March 22, 2018