Adani Ports Targets Handling a Billion Tonnes of Cargo, Expanding Globally

With a cargo handling target of one billion tonnes, Adani Ports is looking for global assets
Adani Ports and Special Economic Zone Ltd (APSEZ) aims to handle a billion tonnes of cargo in the coming years, prompting plans for aggressive global expansion. APSEZ currently operates 15 ports/terminals in India with a capacity of 627 million tonnes annually, recording significant growth in domestic cargo volume. The company eyes sustainable international growth in strategic locations.
Share it now

Adani Ports and Special Economic Zone Ltd (APSEZ), led by Gautam Adani, aims to handle a billion tonnes of cargo within the next 5-6 years, driving the company to actively expand globally. With a network of 15 ports across India capable of handling 627 million tonnes of cargo annually, APSEZ accounted for 27% of India’s total cargo and 44% of the country’s containerized cargo in FY24.

During the fourth-quarter earnings call, APSEZ’s chief financial officer discussed the company’s growth targets, indicating a 21% increase in domestic cargo volume in FY24, compared to the overall Indian cargo growth of around 7%. APSEZ’s plans include reaching a freight throughput target of 460 to 480 tonnes in the current financial year, leveraging its operational excellence and strategic port locations for significant growth.

CEO Ashwani Gupta highlighted APSEZ’s focus on sustainable international expansion, emphasizing profitability in overseas ventures to maintain cargo traffic. Gupta outlined the company’s strategic roadmap for the next three to five years, which includes seeking opportunities in regions such as the Middle East, Southeast Asia, Africa, and the Mediterranean through strategic acquisitions and partnerships. APSEZ aims to continue growing sustainably every year by capitalizing on the business opportunities in these key regions.

Source .


Share it now