Adani Ports and Special Economic Zone Ltd. (APSEZ) on Friday, January 3, reported its cargo volume updates for the month of December.

Overall cargo volumes handled stood at 38.4 million metric tonnes (MMT) of cargo, marking an 8% year-on-year (YoY) growth.

This surge in cargo volumes was primarily driven by strong performance in container handling, which witnessed a 22% increase from the year-ago quarter. The liquids and gas segment also remained a significant contributor to the total cargo volume with 7% YoY growth, India’s largest integrated ports and logistics company said in a stock exchange filing.

For the year-to-date (YTD) period that ended in December 2024 (nine months), Adani Ports handled a cumulative cargo volume of 332.4 MMT, marking a 7% growth from the same quarter last year. Containers continued to be a significant contributor, with a 19% increase, followed by liquids and gas, which grew by 8%.

The total cargo handled by the company in the first nine months of the year is 70% of the upper end of the company’s guidance for financial year 2025 on 460 – 480 MT.

The company’s logistics division also showed robust growth. Rail volumes for the YTD period reached 0.48 million twenty-foot equivalent units (TEUs), marking a 9% growth from last year.

Additionally, the General Purpose Wagon Investment Scheme (GPWIS) achieved 16.1 MMT of volume, registering a 13% growth.

With a diversified portfolio spanning containers, liquids, gas, and logistics, the company continues to capitalize on increased trade activities and infrastructure development.

On December 26, Adani Ports Managing Director Karan Adani announced on Twitter the arrival of MSC Michela at Kerala’s Vizhinjam port, marking the 100th commercial vessel to dock there within six months.

In a post on X, Karan Adani highlighted Vizhinjam port as a leader in implementing cutting-edge technology for ports and logistics.

Last month, Kerala Chief Minister Pinarayi Vijayan announced the signing of a supplementary concession agreement between the Adani Group and the Kerala government. Under this agreement, the second and third phases of the Vizhinjam port are set to be completed by 2028, requiring an additional investment of ₹10,000 crore.

This expansion plan will boost the port’s capacity to 30 lakh Twenty-foot Equivalent Units.

Shares of Adani Ports are off the highs of the day and are currently trading 0.7% lower at ₹1,218.