Delhi: Gautam Adani has been in headlines for the last few months. The Hindenburg report halved Adani’s wealth. But, now they are slowly recovering from it. In this, Adani Ports and Special Economic Zone Limited (APSEZ), a company of Adani Group, has created a new record. The company plans to handle 120.51 MMT of rail cargo in FY 2022-23, which is 22.2% higher than 98.61 MMT in the previous fiscal.
Railways earned 14,000 crores
According to a release issued by Adani Ports under the General Purpose Wagon Investment Scheme (GPWIS) of the Indian Railways, the cargo handled by the Railways registered a year-on-year growth of 62%. Mundra Port handled over 15,000 container trains in FY23 and has strengthened its position as the EXIM (Export Import) gateway of India. In FY2023, APSEZ envisages revenue of around Rs 14,000 crore from rail cargo for Indian Railways. Double-stack container trains operated by Mundra port to register 4.3% growth in FY23.
read this also
advantage of double stack loading
A press release issued by the company said that double stack loading of containers on trains ensures transportation in an energy efficient and reliable manner, thereby reducing overall cost per unit and thus customer satisfaction. The use of rail transport reduces the carbon footprint of freight and the efficiency of container trains reduces the need for additional truck transport. It also reduces carbon emissions.
Leave a Reply