In a bid to expand its domestic operations, Adani Ports and Special Economic Zone (APSEZ) is now planning to invest ₹30,000 crore in the next two years, The Economic Times reported.
The majority of this investment will go into the Mundra (Gujarat), Dhamra (Odisha), and Vizhinjam (Kerala) ports, and this is over twice the ₹11,000–12,000 crore investment the company had projected for the current fiscal year.
The company has also set a one billion tonnes cargo handling target annually by 2030, out of which 850 million metric tonnes (MMT) is expected to be from the Indian ports, and the remaining 140-150 million metric tonnes from its overseas assets.
According to APSEZ’s September presentation, the FY26 investment plan is allocated across ports (₹6,500–7,000 crore), logistics (₹2,300 crore), renewables (₹1,500 crore), and marine services (₹700–800 crore).
The additional ₹30,000 crore capital expenditure will reportedly focus on expanding berths and terminals at Mundra and Dhamra, and on scaling up the Vizhinjam transshipment hub, which has already handled over one million twenty-foot equivalent units (TEUs) within a span of nine months of its launch.
Citing an executive, the report said that every port is currently going through a huge capex cycle.
At the end of FY25, the company had 633 MMT of installed capacity across 15 Indian ports and terminals and handled 450 MMT, giving the company a 27 per cent national share.
Another sanctioned oil tanker shifted its course to Vadinar port after the ban imposed by the Adani Group. The ship, Noble Walker, was carrying about one million barrels of Russian crude oil for HPCL Mittal Energy Ltd (HMEL) and was headed to Mundra in the last week. The tanker is among those blacklisted by the European Union and the United Kingdom.
Source: Businessstandard