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

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.

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