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adani ports share value: Adani Ports shares rise 2% after cargo quantity jumps 18% YoY

Shares of rose over 2 per cent in Friday’s commerce after the corporate’s cargo quantity jumped 18 per cent year-on-year (YoY). The corporate’s common run fee of April-August continued to be robust at 30.three MMT.

Adani Ports and Particular Financial Zone (APSEZ) dealt with 29.three MMT of cargo in August 2022, implying an 18 per cent YoY improve; dry bulk quantity grew by 44 per cent and containers by eight per cent, the corporate mentioned in a BSE submitting.

“In a document 49 days, the corporate achieved a cargo throughput of 50 MMT (YTD cargo quantity rising from 100 MMT to 150 MMT)”, Adani Ports mentioned.

Within the preliminary 5 months of FY23, the corporate managed 151.four MMT of cargo, which is an 11 per cent improve over the corresponding interval final yr, that benefited from the post-COVID quantity surge, it added.

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