Adani Airport Holdings Restricted (AAHL) registered a milestone of dealing with a million tonnes of air cargo in fiscal yr 2023-2024. AAHL facilitated the transport of 10,13,115 metric tonnes of cargo in FY 2023-24, capturing a formidable 30.1 p.c market share, Adani Enterprises stated in a submitting to the exchanges.
This represents a major 7 p.c year-on-year (YoY) enhance in comparison with the earlier fiscal when the whole cargo tonnage was 9,44,912 metric tonnes.
In FY24, AAHL’s cargo operations have been predominantly worldwide at 65 p.c. The worldwide cargo tonnage amounted to six,62,258 metric tonnes, recording a notable 9 p.c YoY development in comparison with the earlier fiscal’s 6,06,348 metric tonnes, in keeping with the submitting.
Arun Bansal, CEO of AAHL, stated, “At Adani Airport Holdings Restricted, now we have been constantly setting new benchmarks for operational effectivity. The cargo terminals have achieved a exceptional milestone, dealing with over 1 million tonnes this fiscal yr. This achievement solidifies our place as key facilitators in each worldwide and home airfreight operations in India.”
The cargo operations have been pushed by commodities, together with vehicles, prescription drugs, perishables, electricals/electronics, and engineering items.
They have been effectively dealt with throughout the Chhatrapati Shivaji Maharaj Worldwide Airport (Mumbai), the Sardar Vallabhbhai Patel Worldwide Airport (Ahmedabad), the Chaudhary Charan Singh Worldwide Airport (Lucknow), the Thiruvananthapuram Worldwide Airport, the Mangaluru Worldwide Airport, the Lokpriya Gopinath Bordoloi Worldwide Airport (Guwahati) and the Jaipur Worldwide Airport.
The key worldwide locations for cargo have been Germany, Netherlands, United Arab Emirates, United Kingdom and the USA.
AAHL was included in 2019 as a 100% subsidiary of Adani Enterprises, the flagship firm of the Adani Group. AAHL additionally holds 74 p.c stake in Mumbai Worldwide Airport Ltd, which in flip holds 74 p.c stake in Navi Mumbai Worldwide Airport Ltd.
With eight airports in its administration and improvement portfolio, AAHL is India’s largest airport infrastructure firm, accounting for 23 p.c of passenger footfalls and 30 p.c of India’s air cargo site visitors.
