Adani Ports and Special Economic Zone Ltd - Operational performance update for August 2024

Adani Ports and Special Economic Zone Limited ("APSEZ") has announced the operational performance for August 2024 as under:

- APSEZ handles 36.1 MMT of cargo in Aug'24 (+5% YoY), operations at Mundra and Tuna impacted for 4 days equivalent due to inclement weather.

- During Aug'24, APSEZ recorded 36.1 MMT of total cargo. This represents 5% YoY growth, despite operations at Mundra port and Tuna terminal being impacted for 4 days equivalent due to inclement weather in the Kutch region. The growth in cargo was primarily driven by containers (+11% YoY).

- Kattupalli Port handled its highest ever monthly volume of 1.4 MMT in Aug'24.

- During the first five months of the financial year, APSEZ clocked 182.4 MMT of total cargo (+7% YoY). The growth in cargo was primarily driven by Containers (+17%) and Liquids & Gas (+7%).

- Sweating of logistics assets continued with YTD Aug'24 rail volumes growing by 13% YoY to 0.26 Mn TEUs and GPWIS volumes growing by 23% YoY to 9.08 MMT.

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 1482.65 as compared to the previous close of Rs. 1475.85. The total number of shares traded during the day was 89244 in over 4503 trades.

The stock hit an intraday high of Rs. 1487.15 and intraday low of 1466.25. The net turnover during the day was Rs. 131693349.00.

Source : Equity Bulls

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AdaniPortsandSpecialEconomicZone INE742F01042 APSEZ OperationalPeformance Update August2024