Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

First Indian Port To Record 200 MT Cargo Movement, Claimed Adani.

equity_pandit
Picture Source: Internet

The first Indian port operator to handle cargo movement of 200 million tonnes is named to Adani Port and APSEZ in 2018-19, the company claimed it on Wednesday. APSEZ, part of Gautam Adani-led Adani Group had recorded 100 MT cargo in 2013-14.             
Karan Adani, Chief Executive Office of APSEZ said, “our projections were to reach this milestone by 2020 but we could achieve it ahead of schedule courtesy the tech-driven operational efficiency and enhanced asset utilization. Robust capacity addition at our leading ports such as Dharma and Mundra as well as deepening presence closer the hinterland with new facilities such as Ennore and Kattupalli played a critical role in this journey.”
“This achievement also reinstates the massive contribution of the ports sectors to India’s economic transformation,” Karan added.
“The focus for the immediate future is to reduce the turnaround time, drive up volumes without adding resources and increase in-transit visibility utilization by eliminating unproductive trips among other benefits. The sweetest part of the deal is for our customers who get real-time status of operations from the comfort of their locations,” said Adani.
Read EquityPandit’s Technical Analysis of Nifty

Get Daily Prediction & Stocks Tips On Your Mobile