The fiscal year of 2021 has turned tables for Mundra port as it expands its container volume by 18% and overtakes Mumbai’s Jawaharlal Nehru Port Trust (JNPT). For the financial year ending in March, Mundra Port of Gujarat state took over approximately 5.7 million TEU of cargo. On the other hand, JNPT managed nearly 4.7 million TEUs over the complete season.
Mundra Port is the forerunner port of Adani Port and Special Economic Zone Ltd (APSEZ), overseen by the renowned industrialist from India, Gautam Adani. During the fiscal year 2021, Mundra port has handled nearly 140 million tonnes of cargo, which records an anchored growth of four percent every year.
Based on the recent reports, APSEZ recently decided to acquire a 31.5 percent stake in the Gangavaram Port Limited (GPL) near Visakhapatnam. It looks like it’s a part of the “string of ports” procurement strategy for the business.
Setting up a benchmark in the industry, a private company takes over the title of the biggest container port, marking the beginning of a new era in the Indian logistics industry. As per the categorization of Indian ports, APSEZ operates Mundra, Dahej, Tuna, Hazira in Gujarat, and Krishnapatnam, and Visakhapatnam Andhra Pradesh. APSEZ also manages ports in parts of Goa, Maharashtra, and Chennai.