Adani Ports reports 17% increase in handled cargo volume at 41.8 MMT in May 2025

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday, June 3, said it handled 41.8  million metric tonne (MMT) cargo volumes in May 2025, up 17% from the previous year.

The surge in cargo handling was primarily driven by strong growth in container volumes, which rose by 22%, and dry cargo, which increased by 17% from the previous, Adani Ports and SEZ said in a stock exchange filing.

For the year-to-date period ended May 2025, Adani Ports handled a cumulative cargo volume of 79.3 MMT, reflecting a 10% increase from the same period in the previous fiscal. Container volumes remained a key contributor, rising by 21% over the same period.

On the logistics front, the company reported a rail volume of 0.06 million twenty-foot equivalent units (Mn TEUs) in May 2025, up 13% from the previous fiscal. The General Purpose Wagon Investment Scheme (GPWIS) volume stood at 2.01 MMT, registering a 4% increase.

It reported rail volumes at rail volumes at 0.12 Mn TEUs year-to-date. This marked a 15% growth from the previous year. Its general purpose wagon investment scheme's (GPWIS) volumes stood at 3.8 MMT, up 4% from the previous year.

On Monday, Adani Ports and Special Economic Zone said that the company's board approved a fundraising plan as part of its expansion strategy.

The operator of India’s largest port in Mundra, Gujarat, announced plans to raise $1 billion through 'outstanding senior notes' in one or more tranches over the next six quarters. These notes represent a form of debt that holds the highest priority in the event of repayment.

On another note, the Adani Group is once again under scrutiny by the US Department of Justice, according to a report by the Wall Street Journal (WSJ), this time over allegations of importing Iranian liquefied petroleum gas (LPG) into India via the Mundra port.

The WSJ investigation, which tracked tankers frequently operating between Mundra and the Persian Gulf, noted that these vessels often displayed patterns typical of ships attempting to evade international sanctions.

However, the Adani Group has refuted the claims made in the WSJ report, calling them 'baseless'.

“The Wall Street Journal’s story of 2nd June 2025, by Ben Foldy and Dave Michaels, alleging links between Adani entities and Iranian LPG, is baseless and mischievous. Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG. Further, we are not aware of any investigation by US authorities on this subject,” said an official statement.

“The WSJ’s story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani Group entities are knowingly in contravention of US sanctions on Iran is strongly denied. Any assertion to the contrary would not only be slanderous but also deemed to be an intentional act to injure the reputation and interests of the Adani Group,” the statement added.

Shares of Adani Ports and SEZ were trading 2,21% lower at ₹1,435.5 apiece at 1 pm on Tuesday, June 2.

Also Read: RITES emerges as lowest bidder for Gujarat Urban Development Company project of ₹28 crore