The company’s stock price rose by over 1 per cent to
Rs 1,356.50 per share on the Bombay Stock Exchange (BSE) in early
trade.However, Adani Group shares pared gains to trade 0.38 per cent higher at
Rs 1,343.85 at around 11:57 am.
In February, Adani Ports and Special Economic Zone
handled a total of 35.4 million metric tonnes (MMT) of cargo, marking a 33 per
cent increase compared to the same period last year.
Dhamra Port
recorded its highest-ever monthly cargo volume of 4.22 MMT, said Adani
Ports in a regulatory filing.
For the first eleven months of the financial year
2023-24 (April 2023 to February 2024), Adani Ports has already handled 382 MMT
of cargo. This puts the company on track to surpass the 400 MMT mark before the
end of the fiscal year.
Adani Ports celebrated a milestone achievement,
surpassing the 350 MMT cargo volume mark at its domestic ports in just 318
days.
The logistics segment of Adani Ports also continued
its growth trajectory, with year-to-date (YTD) rail volumes increasing by 21
per cent year-on-year to around 542,000 TEUs (twenty-foot equivalent unit) and
GPWIS volumes rising by 40 per cent YoY to around 18 MMT.
In terms of stock performance, Adani Ports’ shares
have surged by more than 67 per cent in the past six months and are up by over
28 per cent year-to-date. Over the past
year, Adani Ports shares have witnessed a remarkable increase of over 94 per
cent.