AICTPL sets new record in container handling in Nov at 300,000

AICTPL (Adani International Container Terminal Private Limited), the joint venture terminal of the APSEZ (Adani Ports and Special Economic Zone Limited), has become the first terminal in India to handle 300,000 containers in a month as it records 42% YoY growth in Nov ’23.

The company states in a filing, “Adani International Container Terminal Private Limited (AICTPL), the joint venture terminal at the Adani Ports and Special Economic Zone in Mundra, achieved a momentous milestone by successfully handling over 3,00,000 containers in November.”

In November 2023, APSEZ's cargo volumes reached 36 MMT, growing 42% year-on-year, across all major cargo categories — dry bulk (over 60% YoY), containers (over 26%), and liquids and gas (over 23%).

For the initial eight months of FY24 (April-November 2023), APSEZ handled cargo of about 275 MMT, up 21% YoY, which is 70% of the top end of its full-year guidance range of 370-390 MMT.

The statement says AICTPL has set a national record by handling 300,431 TEUs across 97 vessels in November 2023, surpassing its record of 298,634 TEUs in March 2021, handling 10,000 TEUs daily.

The company says two other APSEZ ports, Dharma and Ennore, also marked their highest-ever monthly volumes, handling 3.96 MMT and 65,658 TEUs, respectively.

The logistics sector is experiencing massive growth, evident in the year-to-date (YTD) rail volumes reaching 379,000 TEUs, reflecting a year-on-year (YoY) increase of over 23%. Simultaneously, the General Purpose Wagon Investment Scheme (GPWIS) volumes have surged to 12.3 MMT, showcasing a YoY growth of over 44%, the company states. The highest-ever monthly GPWIS volumes were recorded in November 2023 at 1.72 MMT.

Separately, Adani Group's city gas distribution company Adani Total Gas Ltd last week announced a pilot project on green hydrogen production and blending as it looks to diversify its energy mix, develop a hydrogen ecosystem as well as reduce CO2 emissions.

As part of the project, Adani Total Gas will use the latest technologies to blend Green Hydrogen (GH2) with natural gas for over 4,000 residential and commercial customers in Ahmedabad, Gujarat. GH2 is produced using electrolysis of water with electricity generated by renewable energy. Hydrogen blending is less carbon-intensive than burning gas but has the same heating capabilities.

The project is expected to be commissioned by the first quarter of 2024-25 and the percentage of green hydrogen will be gradually increased in the blend to up to 8% or more.