Adani Ports Achieves 7% Cargo Growth at 450 MMT in FY25, Targets Global Expansion
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Synopsis
On April 2, Adani Ports and Special Economic Zone Ltd announced handling 450 million metric tonnes of cargo in FY 2024-25, reflecting a 7% year-on-year growth. The company aims for global expansion and significant milestones in sustainability.
Key Takeaways
- Adani Ports handled 450 MMT of cargo in FY25.
- 7% year-on-year growth reported.
- Mundra port surpassed 200 MMT in a fiscal year.
- Targeting to become the largest port operator by 2030.
- Commitment to carbon neutrality by 2025.
Ahmedabad, April 2 (NationPress) Adani Ports and Special Economic Zone Ltd (APSEZ) reported a cargo handling volume of 450 million metric tonnes (MMT) for the financial year 2024-25, reflecting a 7% increase compared to the previous year, as announced on Wednesday.
Mundra, the flagship port of APSEZ, achieved a significant milestone by exceeding the 200 MMT cargo threshold in a single fiscal year, marking a first for any Indian port.
The leading port operator in the country managed 420 MMT of cargo in the financial year 2023-24, surpassing the government’s target of 410 MMT. This achievement was accompanied by a remarkable 24% surge in revenue, a 50% increase in net profits, and a 24% growth in cargo movement.
Karan Adani, the Managing Director of APSEZ, is directing the company towards achieving global leadership, with aspirations to become the world’s largest port operator by 2030, reach carbon neutrality by 2025, and attain net-zero emissions by 2040.
"Aspiration is a promise we make to ourselves. Under the leadership of our Chairman Gautam Adani, we will continue to strive for excellence and achieve our ambitions," stated Karan Adani.
APSEZ’s vision aligns with India’s broader economic objectives, as the government aims for $1 trillion in merchandise exports by 2030 and seeks to reduce logistics costs from 14% to 8% of GDP.
Karan Adani reiterated APSEZ’s dedication to these national goals, pledging to enhance global trade connectivity and strengthen infrastructure.
Despite facing challenges such as global trade disruptions in the Red Sea, the Panama Canal crisis, geopolitical tensions, and extreme weather conditions, APSEZ continues to demonstrate resilience.
Its growth strategy emphasizes infrastructure enhancement, adoption of advanced technology, operational excellence, and efficient handling of a diverse range of cargo.
Currently overseeing 27% of India’s cargo volumes, APSEZ has either developed or acquired 14 ports and terminals since 1998.
The company also manages international ports in Haifa (Israel), Abbot Point (Australia), Colombo (Sri Lanka), and Dar es Salaam (Tanzania), reinforcing its expanding global presence.
As India’s largest port operator, Adani Ports aims to grow at twice the pace of the country’s cargo volume.
