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The Adani Group is set to invest ₹24,700 crore ($3 billion) to enhance its port operations, focusing on the trade corridor connecting India to Europe, according to a report by the Mint. This strategic move aims to capitalize on the rising demand for iron ore and coal imports, as well as the export of finished goods.
Led by Gautam Adani, the conglomerate plans to expand its port handling capacity from 600 million tonnes per annum to 800 million tonnes over the next two years. This growth will primarily come from a series of international acquisitions, targeting at least three major ports across coastal Europe, Africa, and Southeast Asia.
Adani Ports and Special Economic Zone Ltd (APSEZ) oversees the group’s port business. The ₹24,700 crore investment will be financed through cash reserves, internal accruals, and debt. The goal is to increase the revenue contribution from international ports from the current 10 percent to around 20-25 percent within three years.
Currently, Adani operates port facilities in Israel, Sri Lanka, Indonesia, Tanzania, and Australia. On May 21, Adani Ports’ stock closed at ₹1,382.55 on the National Stock Exchange, marking a 3.16 percent increase from the previous close.
