Earlier this week, it completed the acquisition of Karaikal Port. While 11 ports it operates handle 25 per cent of total port volumes, the firm is also developing two transshipment ports at Vizhinjam, Kerala and Colombo, Sri Lanka. "The improvement in cargo volumes is testimony to the faith that our customers have in us," said Karan Adani, CEO, APSEZ. "APSEZ's flagship port, Mundra (in Gujarat), is outpacing all its closest rivals and continues to be the largest port in the nation in terms of volumes handled. Mundra's infrastructure meets the world standards and provides service levels on par with those of its global competitors, making it India's gateway for container goods."