Adani Ports and Special Economic Zone Limited

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.

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private Limited (KPPL) for Rs. 1,485 crore (US$ 179.55 million) pursuant to NCLT approval. Earlier, APSEZ was declared as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of KPPL.

In December 2023, Terminal Investment Ltd (TiL), an associate of MSC Mediterranean Shipping Company (MSC), acquired a 49% stake in Adani Ennore Container Terminal Pvt Ltd (AECTPL) for an equity consideration of Rs. 247 crore (US$ 29.67 million).

In November 2023, the U.S. International Development Finance Corporation (DFC) announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.

In April 2023, Adani ports and SEZ acquired Karaikal port for Rs. 1,485 crore (US$ 180.88 million).

In July 2022, Adani Group acquired Haifa port for Rs. 10,261 crore (US$ 1.18 billion) to hold 70% of the port’s stake.

The rest 30% lies with local partners.

In March 2022, Adani and IOCL decided to construct nine new crude oil tanks at Mundra Port.

In January 2022, Adani Mundra Port handles the largest-ever container vessel in India. 

In September 2021, with the acquisition of Gangavaram Port for Rs. 6,200 crore (US$ 712.97 million), APSEZ fully unlocked India's eastern hinterland. 

In July 2021, Adani Ports and Special Economic Zone (APSEZ) became the first infrastructure company in India to raise money from international markets for a 20-year period.

In April 2021, Flipkart announced a strategic and commercial partnership with the Adani Group. In this two-pronged partnership, Flipkart will work with Adani Logistics Limited and Adani Ports & Special Economic Zone Limited, to strengthen Flipkart’s supply chain infrastructure and enhance its ability to serve the rapidly growing base of customers.

In March 2021, Adani Ports and Special Economic Zone Limited (APSEZ) announced plans to acquire 58.1% stake in Gangavaram Port Limited for Rs. 36.04 billion (US$ 493.7 million). The port is currently owned by DVS Raju and his family 

In March 2021, Adani Ports announced to partner with John Keells Holdings and Sri Lankan Ports Authority to develop and operate the West Container Terminal of the Colombo Port in Sri Lanka for 35 years

APSEZ completed the acquisition of Krishnapatnam Port Company Ltd., (KPCL), for an enterprise valuation of Rs. 12,000 crore (US$ 1.62 billion)

APSEZ becomes the first Indian port to sign up for the Science Based Targets Initiative (SBTi).

Acquired 40.25% stake in Snowman Logistics for Rs. 296 crore (US$ 42.35 million)

Acquired 70% stake in Kishnapatnam port for over Rs. 5,500 crore (US$ 790 million)

Mundra Port was ranked first in terms of total cargo handled across all Non-Major Ports and Major Ports in India for FY19

Raised Rs. 3,222.50 crore (US$ 500 million) in foreign currency-denominated bonds 

Acquired TM Harbour Services Private Limited

Acquired Dharma Port

The company name changed to Adani Ports and Special Economic Zone Ltd 

Mundra Port and SEZ surpassed record 50 million tonnes of cargo

Notified as a Special Economic Zone (SEZ); merger with MSEZ and ACL

The merger of Adani Port Limited

The container terminal became operational

All four berths at Mundra Port became operational

Incorporated as Gujarat Adani Port Limited on May 26, 1998