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Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the third quarter and nine months ended December 31, 2014.

Consolidated cargo handled by the company was 108 MMT in 9M-FY15, an increase of 29%, over corresponding to same period last year. Adani ports at Mundra handled 84 MMT cargo in 9M-FY15 thereby continuing its leadership as the largest commercial port business in India. The Mundra port registered a 13% growth in 9M-FY15 compared to 5% aggregate cargo growth at all major ports.

Also, in case of containers, the Mundra port handled 2.02 Million TEUs in 9M-FY15 as against 1.68 Million TEU’s in corresponding to same period last year resulting in a 20 % growth as compared to growth of 8% aggregate growth in container volumes at all the major ports.

Consolidated cargo handled by the company was 39 MMT in Q3FY15, an increase of 33%, over corresponding quarter last year. Adani ports at Mundra handled 29 MMT cargo in Q3FY15 thereby continuing its leadership as the single largest commercial port in India.
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Commenting on the results, Mr. Gautam Adani, Chairman, Adani Group said, “We are pleased that our performance across all ports continues to be robust therefore reflecting the strength of our Pan India strategy”.

Elaborating on the operational performance, Mr. Sudipta Bhattacharya, Chief Executive Officer of APSEZ, said “we have had another record quarter and Nine months performance on all fronts of cargo, revenue and EBIDTA growth and we are further enhancing our focus on sales &amp; operational excellence to maintain our growth momentum”.

Adani Ports awarded as “Best Port of the Year” and “Container Handling Port of the Year” at Gujarat Star Award 2014 and also won 6 awards at 28th National Convention on Quality Concept held at Pune.

It also handled the largest ever coal vessel of 207,000 DWT at its West Basin in Mundra.

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