Adani Ports & SEZ
Adani Ports and Special Economic Zone Limited is an Indian multinational port operator and logistics company, part of Adani Group. APSEZ is India's largest private port operator with a network of 12 ports and terminals, including India's first port-based SEZ at Mundra and the first deep water transshipment port at Thiruvananthapuram.
Operations
, APSEZ operated 3 inland container depots through its subsidiary Adani Logistics Ltd. In August 2022, they acquired an additional ICD from Navkar Corporation in Tumb, Gujarat.It holds Category 1 License for the Indian Railways that helps in pan-India cargo movement. The trains owned by Adani Logistics were used to dispatch 30,000 tonnes of food grains to feed over 60 lakh citizens across the states of Tamil Nadu, Karnataka, West Bengal, and Maharashtra, during the 2020 COVID-19 lockdown.
APSEZ provides dredging and reclamation solutions, primarily for port and harbor construction. The Adani Group started investing in developing a dredging fleet in 2005., APSEZ operated a fleet of 19 dredgers, the largest capital dredging fleet in India.
APSEZ has undertaken mangrove afforestation activities totalling 2885 Ha with a survival rate of over 85%. In 2016, the company announced that all ports and townships were being prepared to run on 100% renewable energy by 2018 using a mix of solar and wind energy.
In August 2017, a Morgan Stanley analysis described APSEZ as "stacking up well compared to its global peers: On operating metrics such as revenue growth, margins, EBIDTA growth, net income growth and return ratios, and based on bottom-up estimates by Morgan Stanley analysts covering global ports, APSEZ is expected to be in the top quartile across various operating metrics despite the tax holiday for Mundra port coming to an end".
Private equity firm Warburg Pincus acquired a 0.49% stake in Adani Ports for on 7 March 2021.
In April 2022, it was announced that APSEZ had acquired the third-party marine services provider, Ocean Sparkle Ltd.
In July 2022, APSEZ alongside the Gadot Group won the privatisation bid for Israel's Port of Haifa for billion. Where Adani Ports and Gadot Group respectively hold 70%:30% of the shares.
In September 2022, Adani Ports secured a billion deep-sea port construction project with the West Bengal government.
According to the Business Standard report, In the fiscal year 2023–24, APSEZ managed 420 million metric tonnes of cargo, marking a 24% growth. Additionally, APSEZ represents 44% of India's containerized seaborne cargo.
In March 2024, APSEZ revealed its acquisition of Gopalpur port in Odisha, situated on India's east coast. The acquisition involved purchasing a 56% stake from the Shapoorji Pallonji Group and a 39% stake from Orissa Stevedores Limited in Gopalpur Port Limited, valued at Rs 3,080 crore. In July 2024, the ratings agency ICRA has upgraded the rating of Adani Ports and Special Economic Zone to AAA/Stable from AA+/Stable.
APSEZ has plans to construct a new port in Da Nang, Vietnam. The proposal got “in-principle approval” from the Vietnamese government. The port will feature container terminals and multipurpose berths to handle wide varieties of cargo. The other foreign ports Managed by the company include Haifa, Israel; Colombo, Sri Lanka; and the Port of Dar es Salaam, Tanzania.
In August 2024, APSEZ announced acquisition of 80% stake in Astro Offshore for $185 million. This move will help add to its roster of Tier-1 customers.
Ports and terminals
The company commenced operations at Mundra Port and currently operates 15 ports across all Indian states. Its ports have 45 berths and 14 terminals.Vizhinjam International Seaport Thiruvananthapuram (Trivandrum Seaport)
APSEZ won a bid with the Kerala government to construct the Vizhinjam International Seaport Thiruvananthapuram in 2015. While the initial completion date was projected for 2020 the construction has experienced multiple delays due to the COVID-19 pandemic and cyclones. Adani sought an extension to 2024 but this led to disputes with the Kerala government.Mundra Port
Mundra Port is a deep-water, all-weather, berthing on arrival port in the Gulf of Kutch. With 26 berths and dedicated terminals for different cargo and commodity types, it has an annual capacity to handle 231 MMT cargo. The port is connected to National Highway network through State Highways 48 via Anjar and SH-6. It has a privately developed rail network of 69 km connecting Adipur to Mundra port, which in-turn provides nationwide connectivity. It is capable of berthing fully loaded Capesize vessels, VLCC and ULCC. It handles dry bulk, break bulk, project cargo, liquid, containers, automobiles, and crude.Since 2013, Mundra Port is India's largest private commercial port and hosts the world's largest coal import terminal. Mundra Port was known for introducing technological advancements that led to a high level of automation to enhance the efficiency of cargo handling.
, approximately 20,000 ships had docked at Mundra. Mundra Port had two single-point mooring facilities to evacuate crude oil. Efforts to build a new container terminal in Mundra in partnership with French shipping giant CMA Terminals were underway as of 2017.
West Port
The West Port is mainly designed for coal import and export. To meet the rising demand for coal at Mundra, the Adani Group decided to invest in berth-3 at its West Port and associated coal handling plant including 2x1.36 km long conveyors. This translated into 16.5 MTPA handling of additional coal per annum. Mainly designed by Larsen & Toubro.Krishnapatnam Port
Krishnapatnam Port Company Limited is a multi-cargo facility port located near Nellore, Andhra Pradesh. KPCL was acquired by Adani Ports in October 2020 for from the CVR Group. Originally, they had a 75% stake but by April 2021 they acquired the remaining 25% stake from Vishwasmudra Holdings.Karaikal Port
Around May 2021, Adani Ports and Special Economic Zone Ltd was looking to buy Karaikal port in Puducherry at a valuation of ₹1,500-2,000 crore but multiple sources said that the deal is “not easy” to consummate given the ownership structure and the debt.However, by April 2023, APSEZ completed the acquisition of Karaikal Port, which is an all-weather deep water port developed in an area of 611 acres and commissioned in April 2009.
Hazira Port
The Hazira Port is a deep-water port located in the Gulf of Khambat, Surat, Gujarat. The port has been operational since 2005 and is a strategic port for Shell Energy India. Adani developed additional container jetties and multipurpose jetties. However, in 2016, APSEZ faced setbacks to further development due to environmental complaints from the Hazira Fishermen Committee.Dhamra Port
Dhamra Port, Bhadrak, Odisha is a deep-water, all-weather, multi-user, a multi-cargo port located between Haldia and Paradeep ports on India's eastern coast. It was acquired by Adani in 2014 for Rs 5,500 crore which was the largest port sector deal at the time. It can handle dry bulk, breakbulk, project cargo, and containers. It has an annual capacity of 40 MMT cargo which can go up to 100 MMT in the future. It is located near the mineral belts of Odisha, Jharkhand, and West Bengal. It is connected by a 62 km railway line to Ranital Link Cabin which connects the main Howrah-Chennai line. It features a fully integrated conveyor system for import and export, a coastal circuit for fast cargo transit, and rapid loading silos with 4000 TPH capacity. Situated between Haldia in West Bengal and Paradip in Odisha, the Port is located 215 km from Bhubaneshwar. The port serves as a gateway to Nepal, Bangladesh, Myanmar and the entire geopolitical region, including the ASEAN region.Dahej Port
The Dahej Port is a deep-water, multi-cargo port in the Gulf of Khambat, Bharuch, Gujarat. It houses two dry and breaks bulk berths and dedicated facilities for handling project cargo. It has a capacity to handle 2 crore tonnes per year. It handles all kinds of dry bulk and breakbulk cargo including coal, fertiliser, Agri products, steel cargo, and minerals. Additionally, it is capable of berthing capesize and Panama vessels. Dahej Port has a dedicated railway line that connects to the national railway network and it is also connected to National Highway 8. It is connected to the contiguous industrial hubs of Gujarat, Maharashtra and eastern Madhya Pradesh.Dahej Port is equipped with India's first high speed elevated triangular gallery overload conveying system for coal transportation which reduces dust pollution. It accommodates a Ro-Ro Jetty for project cargo movement of 9.8 km long fully integrated high-speed conveyor.
Gangavaram Port
Adani Ports announced on 3 March 2021 that it had acquired a 31.5% stake in Gangavaram Port from Windy Lakeside Investment, an affiliate of Warburg Pincus, for ₹1,954 crore.Adani Ports may acquire a 58.1% stake in Gangavaram Port from DVS Raju Group, for undisclosed amount
Vizag Terminal
APSEZ formerly owned a coal terminal in the Visakhapatnam Port. In 2022, only a few years into a 30-year contract they returned it to the Visakhapatnam Port Authority.Mormugao Terminal
Mormugao Terminal is a one-berth terminal located on the south-west coast of India. It has a capacity of 7 MMT cargo. It can handle coal cargo, Panamax and capsize vessels. Its main feature is a mechanized material handling system of conveyor systems and stacker cum reclaimers. It is connected to Maharashtra and Karnataka hinterlands via South Central Railways and Konkan Railways.Kattupalli Port
Kattupalli Port lies 24 km north of Chennai Port and can handle 18 MMT cargo, including containers, breakbulk, and project cargo. It can berth fully loaded Capesize vessels and container vessels. It has a DPD warehouse within the container for movement of AEO and DPD consignments and a 45,000 sq. ft. warehouse with off-dock CFS. Kattupalli Port is connected to all CFSs/ICDs/SEZs in Chennai for imports and exports.Kamarajar Port
Kamarajar Port is a container terminal located in the northern suburbs of Chennai. It can handle 12 MMT cargo. It is connected to the hinterland by roads, including the upcoming EMRIP project and Northern Port Access Road.Tuna Terminal
In 2012, the Kandla Port Trust (KPT), longtime operator of Kandla Port proposed to improve access for larger vessels by authorizing construction of a modern, four-berth, deep draft terminal at Tuna Tekra. Kandla Port reached an agreement with Adani Ports & SEZ for construction of a new, mechanized, four-berth terminal with direct unloading facilities for coal, iron ore, and other dry bulk goods.Tuna Port is an all-weather, berthing on arrival port with the largest coal import terminal of 35,000 MT/Day discharge rate near Kandla Port. It has a capacity of 2 crore tonnes per year and can handle 1,30,00 DWT vessels at berth. It can handle all kinds of dry bulk and breakbulk cargo including coal, fertilizer, agri-products, steel cargo, and minerals, and it is equipped with a fully integrated high-speed conveyor system. It is connected to National Highway 8A.