Controlling 25% of the port business in India

Adani Ports and Special Economic Zone Limited (APSEZ) is India’s largest multi-port operator. Currently, the key executives at APSEZ are Karan Gautambhai Adani, who serves as Chief Executive Officer (CEO) and Kamlesh Prabhudas Bhagia, who serves as Company Secretary. Adani Ports and Special Economic Zone Board of Directors includes Karan Gautambhai Adani, Nirupama Rao, Avantika Singh Aulakh and seven other members. APSEZ is India’s largest private port operator with the country’s largest special economic zone in Mundra.

Ports under APSEZ
business in numbers
History of Adani Ports and Special Economic Zone Limited
Timeline by Adani Ports and Special Economic Zone Limited
Funding for Adani Ports
Future of APSEZ & Conclusion

Ports under APSEZ

Adani Ports and Special Economic Zone Ltd. is the largest private port in India. is also an end-to-end logistics provider. Its 12 strategically located ports and terminals represent its vision of readiness, ability and willingness to serve the country’s core needs. Your ports are present and operational at –

  1. Krishnapatnam Port
  2. Port of Mundra, Gujarat
  3. Tuna Terminal, Gujarat
  4. Port of Dahej, Gujarat
  5. Port of Hazira, Gujarat
  6. Mormugao Port, Goa
  7. Vizjhinjam Harbour, Kerala
  8. Ennore Terminal Tamil Nadu
  9. Vizag Terminal, Andhra Pradesh
  10. Dhamra Harbour, Odisha
  11. Digihi port
  12. Kattupalli Harbour, Tamil Nadu

business in numbers

Analysis of Adani Ports stock

The last five years of operations of Adani Ports and Special Economic Zone Ltd. were a bit of a curveball what the covid-19 pandemic is going to put a giant wrench on business operations. In 2018, APSEZ recorded a total income of INR 8,141.14 billion up to INR 7,679.28 billion in 2019, INR 7,546.25 million in 2020, INR 6,643.46 billion in 2021 and INR 6,725.53 so far in the current year 2022.

History of Adani Ports and Special Economic Zone Limited

It was incorporated as Gujarat Adani Port Ltd (GAPL) on May 26, 1998 and promoted by Adani Port Limited and Gujarat Port Infrastructure Development Company Ltd, a Gujarat Government company. Their main goal was to develop a private port at Mundra on the west coast of India. It was later changed to Mundra Ports and Special Economic Zone Limited to reflect its type of business and then changed back to Adani Ports and Special Economic Zone Limited in 2012. A detailed growth timeline provides a better explanation of its operations and expansion.

Timeline by Adani Ports and Special Economic Zone Limited

Adani Ports Revenue and Net Profit Growth

Adani Ports and Special Economic Zone Limited currently operates 12 ports in India with 45 berths and 14 terminals in 6 states. His journey of more than 2 decades can be explained by a detailed timeline.

  • October 2001 – The company begins commercial operations as Gujarat Adani Port Ltd. on. (GAPL).
  • May 2002 – Agreement signed with Guru Govind Singh Refineries Ltd. (GGSRL) for crude oil handling at Mundra.
  • October 2002 – Signed an agreement with Indian Oil Corporation (IOC) to construct a Single Point Mooring (SPM) facility and crude oil handling facility at Mundra.
  • November 2002 – Signed an agreement with Indian Railways to integrate the Mundra-Adipur railway line into the national rail network.
  • January 2003 – Signing of a subconcession agreement for a container terminal.
  • July 2003 – Container Terminal I goes into operation.
  • April 2004 – The Company enters into a shareholders’ agreement with Kutch Railway Company Ltd. on the conversion of the Gandhidham – Palanpur gauge.
  • June 2005 – Adani Port Ltd. will be merged into the company effective April 1, 2003.
  • December 2005 – Single Point Mooring (SPM) becomes operational.
  • April 2006 – Mundra Special Economic Zone Ltd and Adani Chemicals Ltd merged into the company.
  • July 2006 – Gujarat Adani Port Ltd is renamed Mundra Ports and Special Economic Zone Ltd (MPSEZ) to reflect the nature of the business.
  • March 2007 – The company opens two additional berths for bulk goods traffic at Terminal II.
  • April 2007 – The Company signed a Port Services Agreement with Tata Power sponsored power generation company for handling imported coal cargo.
  • October 2007 – The company starts with an initial public offering (IPO).
  • November 2007 – The shares are listed on the National Stock Exchange and the Bombay Stock Exchange.
  • February 2008 – Company signs port services contract with Maruti Suzuki India Ltd. for handling car exports.
  • January 2009 – Adani Auto Terminal starts terminal operations.
  • Total 2009 & 2010 – The company includes Adani Murmugao Port Terminal Pvt Ltd, Adani Hazira Port Pvt Ltd and Mundra International Airport Pvt Ltd as wholly owned subsidiaries. Adani Petronet (Dahej) Port Pvt. GmbH. (a joint venture between MPSEZ and Petronet LNG Ltd (PLL)) became a subsidiary.
  • Between 2010 and 2011 – The company includes Adani Vizag Coal Terminal Pvt Ltd, Adani International Container Terminal Pvt Ltd, Mundra Port Pty Ltd Australia and Mundra Port Holdings Pty Ltd Australia as subsidiaries.
  • September 2010 – Company promoters merge into Adani Enterprises Ltd (AEL).
  • December 2010 – The Mundra Port West Basin begins commercial operations with the docking of its first cargo vessel, MV CSK Beilun, poised to become the world’s largest coal import terminal.
  • January 2012 – Mundra Port and Special Economic Zone Ltd. changes its name to Adani Ports and Special Economic Zone Ltd.
  • July 2012 – APSEZ Subsidiary Adani Kandla Bulk Terminal Pvt. Ltd., signs a concession agreement with the Kandla Port Trust to establish a dry bulk terminal on a build, operate and transfer basis.
  • July 2013 – APSEZ announces a joint venture with Switzerland-based MSC Mediterranean Shipping Company to operate a new container terminal at the Port of Mundra.
  • December 2013 – APSEZ announces the completion of INR 400 crore thermal coal import terminal at Vishakhapatnam – eight months ahead of schedule.
  • May 2014 – APSEZ announces definitive agreement with L&T Infrastructure Development Projects Ltd. and Tata Steel Ltd. to acquire Dharma Port in Odisha on the east coast of India for an enterprise value of INR 5500 crore.
  • July 2014 – APSEZ receives Environmental and Coastal Regulatory Zone Permission from the Union Ministry of Environment and Forestry for its Mundra Special Economic Zone, which covers 8481 hectares and includes the Port of Mundra.
  • February 2015 – APSEZ announces the opening of a bulk terminal in the port of Tuna Tekra Kandla.
  • December 2015 – APSEZ officially begins development of an international transshipment project in Vizhinjam, Kerala.
  • The year 2016 – The company announces that all ports and communities will be prepared for 100% renewable energy – a combination of sun and wind.
  • September 2016 – Abbot Point Operations Pty Ltd., an Australian subsidiary of APSEZ, acquires ownership of Abbot Point Bulk Coal Pty Ltd.
  • April 2017 – Adani Logistics Ltd., a subsidiary of APSEZ, announces the start of commercial operations at its multi-modal logistics park in Kilaraipur Ludhiana, Punjab.
  • April 2017 – APSEZ announces the commissioning of a new container terminal at Mundra Port in a joint venture with CMA Terminals to jointly operate the terminal for 15 years.
  • May 2017 – Mundra International Gateway Terminal Pvt. Ltd., is formed as a wholly owned subsidiary to develop, operate and maintain ports and related infrastructure.
  • April 2018 – Adani Logistics Ltd, a wholly owned subsidiary of the Company, acquires Blue Star Realtors Pvt. GmbH.
  • March 2019 – The Company owns 58 subsidiaries (including step-down subsidiaries), 2 joint ventures and one associate.
  • The year 2020 – The company acquires a 70 percent majority stake in Krishnapatnam Port Company Ltd.
  • March 2020 – The Company owns 67 subsidiaries (including step-down subsidiaries), 2 joint ventures and one associate.
  • March 2021 – The Board approves the Composite Scheme of Arrangement between Adani Ports and Special Economic Zone Ltd, Brahmi Tracks Management Services Pvt. Ltd., Adani Tracks Administrative Services Pvt. Ltd., Sarguja Rail Corridor Pvt. Ltd and their respective shareholders and creditors –
    – The merger of Brahmi into APSEZ effective as of the appointed date – April 1, 2021
    – The merger of Adani Tracks with Sarguja effective the set date – April 1st, 2021
    – Transfer of the business to be sold (Mundra Rail Business) as a going concern on the basis of a lump sum sale effective as of the effective date – April 1, 2021 – from APSEZ to Sarguja for a lump sum consideration
  • 2020 – 2021 – The Company will issue and allocate 30,000 rated, listed, secured, redeemable, non-convertible Debentures (NCDs) of FV INR 10/- lakhs totaling INR 3,000 crore each on a private placement basis, trading in the Wholesale Debt Market segment of BSE Ltd. is noted.
  • March 2021 – The company has 77 subsidiaries and 7 joint ventures.
  • March 2021 – Completes acquisition of 75% of Krishnapatnam Port and enters into definitive agreement to purchase remaining 25% at an enterprise value of INR 13675 crore.
  • March 2021 – Private equity firm Warburg Pincus acquires a 0.49% stake in Adani Ports for INR 800 crores.
  • June 2021 – Completion of acquisition of Dighi Port for INR 705 million and announcement of acquisition of Sarguja Rail Corridor and Gangavaram Port (acquisition of INR 6200 million).
  • June 2021 – Adani International Port Holdings Pte Ltd. is established as a wholly owned subsidiary.
  • April 2022 – Adani Harbor Services Ltd., a subsidiary, acquires a 100% stake in Indian third-party provider Ocean Sparkle Ltd.
  • July 2022 – Adani Ports seals the Israeli Port of Haifa bid with Gadot for INR 118 crore with Adani Ports owning 70% and the remaining 30% of Gadot’s shares.
  • September 2022 – Adani Port secures INR 310 billion port project in East India.

Funding for Adani Ports

The total funding amount that Adani Ports and Special Economic Zone Ltd. has collected is INR 6580 crore. Most of these funds were raised in 2017.

Financing 2017:

  1. APSEZ is raising over INR 3400 crore by issuing foreign currency denominated bonds to fund the SEZ project.
  2. Raised INR 1000 crore through allotment of non-convertible debentures on a private placement basis.
  3. Raised INR 1600 crore through the allotment of rated, listed, secured, redeemable, non-convertible debentures on a private placement basis.

Future of APSEZ & Conclusion

By April 27, 2022, APSEZ stock reached its all-time high of INR 924 and the company aims to become India’s largest integrated transport company by 2030. To this end, APSEZ is working to strengthen its capabilities in all logistics segments such as ports, CTO, warehousing, last mile delivery, ICDs, etc.

frequently asked Questions

Who controls the port of Adani?

Karan Gautambhai Adani as CEO (KMP) and Kamlesh Prabhudas Bhagia as Company Secretary are the key executives at Adani Ports And Special Economic Zone Limited.

Which is the largest private port in India?

Mundra Port is the largest private port in India and is located in Kutch District, Gujarat.

What is the founding year of APSEZ?

Adani Ports and Special Economic Zone Limited started operations in 1998.

What is Adani Ports business model?

(APSEZ) provides dredging and reclamation solutions mainly for port and harbor construction.