Adani's Mundra port cargo adds Rs 80,732 crore to Customs' coffers
As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year
Cargo handled at Adani Ports and Special Economic Zone (APSEZ) has contributed Rs 80,732 crore to the coffers of the Customs department in FY23 compared to Rs 60,945 crore in FY22.
According to company executives, with the rising traffic at the port, the Customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing fiscal year.
Adani Ports and SEZ has handled nearly a quarter of India’s port cargo, leading to the rise in Customs receipts, the executives said on Sunday.
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During the Covid-hit fiscal year ending March 2021, Customs receipts from cargo routed through the company’s port and inland container depots was Rs 41,110 crore (see chart).
APSEZ has also made substantial rail freight payments to the Indian Railways with freight payments more than doubling to reach Rs 14,034 crore in FY23.