Mundra port takes #1 position in India from
India’s Port of Mundra handled 5.66 million TEU, placing it one million TEU ahead of Jawaharlal Nehru Port Trust (JNPT), making Mundra India’s leading container port, reports Bloomberg.
Meanwhile, Adani Ports and Special Economic Zone (APSEZ) rose its market share to 41 per cent after the news of its flagship hub in Mundra had surpassed Mumbai.
Across Mundra’s entire Indian portfolio, the operator handled 7.2 million TEU, increasing its market share five per cent, while it drove double-digit increases in port revenue and port EBITDA.
EBITDA grew 15 per cent while profit before tax leaped 48 per cent to US$850 million. ‘Mundra Port which is the largest commercial port in the country, this year has also become the largest container port in the country surpassing JNPT by a big leap,’ said APSEZ chief executive Karan Adani.
‘We have also been able to restructure our cost fundamentally and were able to demonstrate an increase in EBITDA margin by one per cent taking our port margins to 70 per cent,’ said Mr Adani. He continued ‘We are truly in the right direction to take APSEZ from a port company to a transport utility company delivering full logistics solutions.