Adani Ports and Special Economic Zone Limited
Total cargo capacity of all Indian ports increased from 1399.99 MTPA in FY14 to 2562.85 MTPA in FY21.
Adani Ports and Special Economic Zone Limited (APSEZ) is part of Adani Group, one of the largest conglomerates in India. The company started its operations in 1998 and has become the largest private sector port developer and operator in India. It operates Gujarat’s Mundra Port, the largest commercial port in India and overall had more than 15% share in India’s cargo in FY20. Other than ports, the company also has interests in integrated logistics and SEZs. Currently, the company operates 10 domestic ports in six Indian states. APSEZ generated revenue worth Rs. 4,938.43 crore (US$ 669.69 million) in FY22 Q1.
Company Website: www.adaniports.com
APSEZ – Growth with Goodness
| 2021 |
In September 2021, with the acquisition of Gangavaram Port for Rs. 6,200 crore, APSEZ has 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 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 |
| 2020 |
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). |
| 2019 | 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 |
| 2017 |
Raised Rs. 3,222.50 crore (US$ 500 million) in foreign currency denominated bonds Acquired TM Harbour Services Private Limited |
| 2016 | Acquired Dharma Port |
| 2014 | Company name changed to Adani Ports and Special Economic Zone Ltd |
| 2012 | Mundra Port and SEZ surpassed record 50 million tonnes of cargo |
| 2011 | Notified as a Special Economic Zone (SEZ); merger with MSEZ and ACL |
| 2006 | Merger of Adani Port Limited |
| 2005 | Container terminal became operational |
| 2003 | All four berths at Mundra Port became operational |
| 1998 | Incorporated as Gujarat Adani Port Limited on May 26, 1998 |
- India’s largest private sector port developer and operator
- Operates 10 strategically located ports on the Indian coastline
- Divided into three businesses – ports, logistics and Special Economic Zones (SEZs)
- Installed capacity of 560 million metric tonnes (MMT) as of FY22 Q1
- Handled a total of 75.17 MMT of cargo in FY22 Q1
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