APSEZ has awarded a Rs. 450 crore (US$ 52.02 billion) contract to Cochin Shipyard Ltd. for eight advanced harbour tugs, supporting Make in India and Aatmanirbhar Bharat. Deliveries begin in December 2026, enhancing efficiency and safety in Indian ports until May 2028.
APSEZ signed a concession agreement with Deendayal Port Authority (DPA) to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. The berth will handle multipurpose clean cargo, including container cargo, further strengthening India's port infrastructure and cargo management capabilities.
APSEZ entered into a definitive agreement to acquire an 80% stake in Astro Offshore Group for US$ 185 million in an all-cash deal. Astro owns a fleet of 26 modern Offshore Support Vessels (OSVs) and serves Tier-1 customers in the engineering, procurement, construction (EPC), oil & gas, and renewable energy sectors. This acquisition aligns with APSEZ's strategic goal of becoming one of the largest global marine operators, expanding its marine portfolio, and strengthening its customer base in key industries.
Adani Ports and Special Economic Zone Ltd. has secured a five-year operation and maintenance contract at Kolkata Port, which will help the company enhance synergies with its transshipment hubs in Colombo and Vizhinjam.
On June 17, 2024, Adani Ports & Special Economic Zone (APSEZ) announced that it has received approval for a Rs. 45,000 crore (US$ 5.39 billion) expansion of Mundra Port, aimed at significantly increasing its capacity. This expansion is vital as Mundra currently handles approximately 27% of India's total cargo and 44% of container cargo, with expectations to exceed 200 MMT in cargo volume for FY25.
Adani Group plans Rs. 26,088 crore (US$ 3 billion) investment over three to five years to expand global ports capacity, targeting strategic acquisitions in Europe, Africa, and Southeast Asia to increase revenue from overseas ports to 20-25% and support the India-Middle East-Europe Economic Corridor.
APSEZ handled a record 420 million tonnes of cargo in FY24, achieving a 24% YoY increase in domestic port operations. The company has expanded its infrastructure and operational capabilities across 15 ports in India.
On January 22, 2024, Adani Ports applied for approval to construct two more berths at Kattupalli Port, aiming to overcome delays in its extensive expansion plans and bolster its position in the shipping sector.
Mundra Port, owned by the Adani Group, achieved a significant milestone in October by handling 16.1 million metric tonnes of cargo, setting a new record for the highest volume ever handled by any port in India.
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