Adani Ports reported 17% yoy increase of container throughput in 2016

Adani PortsAdani Ports and Special Economic Zone reported 17% yoy increase of container throughput for the fiscal 2015, amounting to 3.35 million TEU. The total turnover of the port terminal amounted to 152 million tonnes, which represent 5% yoy increase. The largest private port operator in India reported consolidated revenues of 1.19 billion USD, or 16% yoy increase, while the EBIDTA amounted to 696.7 million USD, or 19% increase. During the fiscal 2015 the consolidated profit of Adani Ports and Special Economic Zone grew by 24% to 429.4 million USD. The port terminal achieved increase in transshipment volumes, also supported by the acquisition of the container terminal Kattupalli International Container Terminal in November 2015.

For the current year, Adani Ports and Special Economic Zone forecast growth of volumes and profits by 10-15% yoy, due to further expansion of capacities. In the near future the company will complete construction of container terminal at the port of Mundra, which is done jointly with French CMA CGM Group. This is Adani’s fourth terminal at the port, which will have capacity for 1.3 million TEU per year. With construction of the new terminal, the total port capacity will reach 5.5 million TEU. Adani Ports and Special Economic Zone also announced plans to expand capacity of Adani International Container Terminal in cooperation with MSC.

Adani Ports and Special Economic Zone last year started the construction of a deepwater port Vizhinjam in the southern state of Kerala in India.