Adani Ports Sets Sights On Global Domination, Aims To Diversify And Become World’s Top In Transport Utility By 2025

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With the goal of becoming the world’s top transport utility by 2025, APSEZ aims to grow its cargo volumes to 1 billion tonnes by 2030, a significant increase from the current 339.2 million tonnes.

Currently, it operates 12 ports and terminals with a combined capacity to handle 580 million tonnes of cargo annually.

India’s largest private port operator, Adani Ports and Special Economic Zone (APSEZ), has announced its plan to expand its acquisitions beyond ports to include companies and services in the transport utility sector.

With the goal of becoming the world’s top transport utility by 2025, APSEZ aims to grow its cargo volumes to 1 billion tonnes by 2030, a significant increase from the current 339.2 million tonnes, reports Mint.

Going forward, APSEZ will focus on investing in operational ports outside of India, with a limited equity exposure.

To achieve this, the company plans to collaborate with strong local partners who have a financial stake in the game.

APSEZ has set a target to become the world’s largest port company by 2030. Currently, it operates 12 ports and terminals with a combined capacity to handle 580 million tonnes of cargo annually.

This impressive infrastructure positions the company as a key player in the port industry, and it serves as a solid foundation for APSEZ’s future growth and success.

“At APSEZ, we will extend our inorganic approach for port acquisition to the acquisition of companies and services in the transport utility space,” the company said in its annual report for FY23, as per ET Infra report.

The company is actively exploring opportunities in various markets, with a particular focus on Asia, Africa, and other regions.

The CEO and full-time director of APSEZ, Karan Adani, outlined three key areas for strengthening the company’s business model. These areas aim to enhance the robustness of the company’s operations.

APSEZ plans to collaborate closely with state governments to develop the industrial hinterland surrounding its ports. This strategic initiative is expected to drive industrial development and ensure a steady flow of port volumes for the company in the future.

The company has accumulated a land bank measuring over 12,000 hectares in order to attract industrial investments.

In addition, APSEZ aims to transition from being a port intermediary, to providing doorstep delivery services, thereby increasing their share of customers’ logistics spending and generating steady income.

“We have extended from Indian ports to investments in Haifa (Israel) and Colombo (container terminal) with the objective to provide a global transport utility solution,” the company said.

Furthermore, APSEZ has plans to gradually expand their port interests beyond the borders of India.

As per recent development, the company is reportedly on the verge of securing the rights to develop and operate cargo berths at Tanzania’s main port Dar es Salaam.

This represents the third global acquisition by APSEZ’s port unit in recent years.