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.
Terminal Investment Ltd acquired a 49% stake in Adani Ennore Container Terminal Pvt Ltd from APSEZ for Rs 247 crore, with an enterprise value of Rs 1,211 Crore. The deal received security clearance from the Union government. This strengthens the partnership between APSEZ and MSC, who jointly operate the Adani International Container Terminal at Mundra Port.
Adani Ports and Special Economic Zone Ltd (APSEZ) will expand the Vizhinjam port in Kerala by 2028, settling an arbitration case with the state government. The capacity expansion to handle 3 million TEUs from a 2 km berth is part of the agreement, altering the initial concession terms outlined in the contract.
Sources reveal that a company plans to double its original $100 billion investment forecast over seven to ten years, focusing on expanding its business. With projected investments mainly directed towards fast-growing corporate entities like renewable energy and airports, the goal is to create optimal conditions for substantial profit growth.
Adani Gangavaram Port has achieved its highest-ever monthly throughput volume of 4 MMT in January 2024, breaking previous records. Strategic investments in cargo handling infrastructure and railway facilities contributed to this success. The management expressed confidence in reaching new heights and providing world-class services through continued strategic investments.
Kattupalli Port, operating under a master plan, has permission to add five berths with a total quay length of 1,900 meters. The port currently handles containers from two berths and has plans to develop the remaining two berths while maintaining a multi-purpose capability.
