Railway Profit | Railways earned Rs 14,000 crore from Gautam Adani, Adani Ports created a new record in rail cargo handling
File Photo Delhi: Gautam Adani has been in headlines for the last few months. The Hindenburg report halved Adani’s wealth. But, now they are slowly recovering from it. In this, Adani Ports and Special Economic Zone Limited (APSEZ), a company of Adani Group, has created a new record. The company plans to handle 120.51 MMT of rail cargo in FY 2022-23, which is 22.2% higher than 98.61 MMT in the previous fiscal. Railways to earn 14,000 crores as per a release issued by Adani Ports under General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways Cargo handled by Railways registered a year-on-year growth of 62%. Mundra Port handled over 15,000 container trains in FY23 and has strengthened its position as the EXIM (Export Import) gateway of India. In FY2023, APSEZ envisages revenue of around Rs 14,000 crore from rail cargo for Indian Railways. Double-stack container trains operated by Mundra port to register 4.3% growth in FY2023. Also read Benefits of Double Stack Loading Double stack loading of containers on trains ensures transportation in an energy efficient and reliable manner, thereby reducing overall cost per unit and thus increasing customer satisfaction, said a press release issued by the company. it occurs. The use of rail transport reduces the carbon footprint of freight and the efficiency of container trains reduces the need for additional truck transport. It also reduces carbon emissions.