BL reported that Mundra Port and Special Economic Zone posted a jump of 76% in its net profit at INR 171 crore for the quarter ended June 30 as against INR 97 crore for the same period last year. The revenue increased by 21% at INR 307 crore.

Mr Gautam Adani chairman of Mundra Port Said that “The cargo volumes have grown by 24% and the top line by 21%. The total cargo handled is 9.89 million tonne.”

According to the release, Bulk cargo handled has gone up by 53% with coal and fertilizer being the important contributors. Crude handled has gone up by 17% while the container business has also performed well. While in all other ports there was a dip of 8.4%, Mundra port maintained its earlier levels of 217,000 TEUs.

The release further said that the company has started the roll-on, roll-off pontoon with linking bridge facility. This helps in smooth car loading irrespective of the tide conditions. It is the first fully dedicated car terminal in South Asia and would stand the company in good stead with a number of car manufacturers looking to the western countries for exports.

According to Mr B Ravi CEO of Mundra Port, the company is also looking at further expansion of its berthing capacity, the bunkering capacities and the edible oil storage and handling capacities to cater to the anticipated growth in business.

It said that MPSEZ has significant enquiries for setting up manufacturing units in SEZ and expects some new investments to materialize in coming quarters.

(Sourced from Business Line)