Adani Airport Holdings Achieves Milestone: 1 Million Tonnes of Cargo Handled in FY 2023-24

Adani Airport Holdings Limited (AAHL) achieved a significant milestone by handling one million metric tons of air cargo in the fiscal year 2023-2024. According to a filing by Adani Enterprises, AAHL transported 10,13,115 metric tons of cargo in FY 2023–24, capturing a substantial 30.1 percent market share. This marks a notable 7 percent year-on-year (YoY) increase from the previous fiscal year’s total of 9,44,912 metric tons.

In FY24, AAHL’s cargo operations were primarily international, accounting for 65 percent of the total. The international cargo tonnage reached 6,62,258 metric tons, reflecting a 9 percent YoY growth compared to the 6,06,348 metric tons recorded in the previous fiscal year.

Arun Bansal, CEO of AAHL, remarked, “At Adani Airport Holdings Limited, we have been consistently setting new benchmarks for operational efficiency. The cargo terminals have achieved a remarkable milestone, handling over 1 million metric tons this fiscal year. This achievement solidifies our position as key facilitators in both international and domestic airfreight operations in India.”

AAHL’s cargo operations were driven by commodities such as automobiles, pharmaceuticals, perishables, electrical and electronic goods, and engineering goods. These were efficiently managed across several airports, including Chhatrapati Shivaji Maharaj International Airport (Mumbai), Sardar Vallabhbhai Patel International Airport (Ahmedabad), Chaudhary Charan Singh International Airport (Lucknow), Thiruvananthapuram International Airport, Mangaluru International Airport, Lokpriya Gopinath Bordoloi International Airport (Guwahati), and Jaipur International Airport.

Major international cargo destinations included Germany, the Netherlands, the United Arab Emirates, the United Kingdom, and the United States.

Incorporated in 2019 as a 100 percent subsidiary of Adani Enterprises, the flagship company of the Adani Group, AAHL holds a 74 percent stake in Mumbai International Airport Ltd., which in turn holds a 74 percent stake in Navi Mumbai International Airport Ltd. With eight airports under its management and development, AAHL is India’s largest airport infrastructure company, accounting for 23 percent of passenger footfalls and 30 percent of India’s air cargo traffic.

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