Customers are deferring coal imports due to high prices in the international markets, impacting Adani Ports’ volumes
Profitability of port operators is projected to improve next fiscal year, helped by improvement in volumes and better operating leverage
Cargo volumes at major ports grow in November after declining for eight months. Container traffic and commodities such as iron ore and coal drive the recovery
“Our cargo volumes grew 11 percent to 14.08 million tone and we are confident of handling 60 MT by year-end,†Rajiv Agarwal, managing director, Essar Ports told moneycontrol.com
Rajiv Agarwal, CEO and MD, Essar Ports says, in an interview to CNBC-TV18, that quarterly profit was up due to the boost in cargo volumes and increased cost control.