New Delhi: Amid the Hindenburg Research report and Gautam Adani Group’s ongoing battle in the Supreme Court, the Adani Group company has set a new record. Adani Ports and Special Economic Zone Limited, the Adani Group’s flagship company, set a new record, handling 120.51 MMT of rail cargo in the company’s fiscal year 2022-23, up 22.2 percent from 98.61 MMT in the last fiscal. Railways also earned Rs 14,000 crore from significant cargo handling operations. Adani Portswati has informed that under the General Purpose Wagon Investment Scheme (GPWIS) of the Indian Railways, the cargo handled by the railways has registered an annual growth of 62 percent. Mudra Port is expected to handle over 15,000 counter trains in FY 2023 and strengthen its position as India’s Exim Gateway. Railway Revenue In 2022, APSEZ will earn cargo revenue of around Rs 14,000 crore for Indian Railways. In FY-2023, double-stack convector trains through Mundra port have registered a growth of 4.3 percent. Double stack loading on goods trains ensures an energy efficient and reliable method of transportation, the company said. Not only this, it was claimed that the total cost per unit is reduced and the customers are satisfied.
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