Adani Ports and Special Economic Zone Limited (APSEZ) released its cargo volume data for August on Monday.

What Happened: The company managed to handle 36.1 million metric tons of cargo in August 2024, a 5% growth compared to the same period last year. The primary driver of the company’s cargo growth was containers, which saw an 11% year-on-year increase, the company said in a press release.

Operations at its Mundra and Tuna were affected for about four days due to inclement weather, the company added in the statement. Kattupalli Port significantly contributed, recording its highest-ever monthly volume of 1.4 million metric tons in August 2024.

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The numbers were slightly less than 37.3 million metric tonnes of cargo volume reported in July 2024. For the June quarter, the Adani Group company reported a total cargo volume of 109 million metric tonnes.

From April to August 2024, APSEZ handled 182.4 million metric tons of total cargo, marking a 7% increase. The growth was mainly attributed to containers, which saw a 17% growth and liquid and gas operations which rose by 7%.

In addition, the company reported a 13% increase in rail volumes to 0.26 million twenty-foot equivalent units (TEUs) and a 23% growth in general-purpose wagon volumes to 9.08 million metric tons.

Price Action: Shares of Adani Ports were trading flat at ₹1,487.85 on Monday.

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