crore recorded in Q1 FY2024, its operating revenue climbed to Rs 6,956.32 crore during the period under review. In the course of the quarter, the company completed the sale of its 49% equity investment in Adani Ennore Container Terminal to Mundi, a Terminal Investment subsidiary and Mediterranean Shipping Company affiliate, for a gain of Rs. 603.27 crore and consideration of Rs. 248.54 crore.

The company's overall quarterly revenues rose to Rs 7559.59 crore as a result.

"We've had outstanding results so far in FY25, both in terms of growth and finances. Financially speaking, we reported record-breaking earnings. Our Q1 cargo volume would have been 114.7 MMT, a 13% increase, if not for the brief disruption in Gangavaram Port, which has since been fully restored, according to Ashwani Gupta, Whole-time Director & CEO, APSEZ.

He reported that the corporation has gained two additional port concessions and a port O&M contract, indicating expansion. Gupta continued, "We are honored that four of our ports were included in the World Bank's Container Port Performance Index 2023."

APSEZ had 109 MMT of cargo volume for the quarter, an increase of 8% year over year. Liquids and gas (increased 11%) and containers (up 18%) were the main drivers of the growth. The business stated, "We had a brief disruption at the Gangavaram Port that resulted in a loss of 5.7 MMT, which is now fully restored."

Adani Ports recorded the biggest ever quarterly rail freight at 0.16 million TEUs, up 19%, and GPWIS volume of 5.56 MMT, up 28%, while Mundra Port handled the greatest ever quarterly volume by any Indian port at 51 MMT. When comparing the volume of containers handled at MMLPs to the same quarter in the previous fiscal year, it climbed by 27% to 103,784 TEUs.

The business and the Tanzania Ports Authority have inked a 30-year concession deal for the management and operation of Container Terminal 2 at the port of Dar es Salaam, Tanzania. With four berths, CT2 can handle one million TEU of cargo annually and handled 0.82 million TEUs of containers in 2023.

A letter of intent has been sent to Adani Ports for the development, management, and upkeep of Deendayal Port's berth number 13. This letter of intent, which has a 30-year concession period, was given to the corporation after a competitive bidding process. Also, it has a letter of intent for the five-year operation and maintenance of the container facility at Netaji Subhas Dock in Kolkata's Syama Prasad Mookerjee Port.

The biggest container terminal on India's east coast, Netaji Subhas Dock, carried 0.63 million TEUs in FY2023–2024. According to the corporation, APSEZ's presence at the port will promote synergies with future transshipment hubs in Vizhinjam and Colombo.

The business added that it had 131 rakes at the end of FY 2024 compared to 127 at the end of FY 2024, and that its warehouse capacity had increased to 2.9 million sq ft with a new facility at Palwal, up from 2.4 million sq ft at the end of FY 2024. It stated that Agrisilo's capacity is currently 1.2 MMT and is expected to increase to 4 MMT following project completion.

Furthermore, Adani Ports said, the marine services company used a tug in Mexico and Sri Lanka.