About Adani Ports & Special Economic Zone (APSEZ)
In this blog, we discuss Adani Ports & Special Economic Zone. This company has been the largest private port developer and operator in India since it began operations in 1998. As such, it is part of the Adani Group, one of India’s largest conglomerates. Gujarat’s largest port, Mundra, handled more than 15% of all cargo shipped in FY20. In addition to ports, it has interests in integrated logistics and special economic zones. As a result, APSEZ operates 10 domestic ports in 6 Indian states. It raked in revenues worth Rs. 4,938.43 crore (US$ 669.69 million) in FY22 Q1.
Adani Logistics and Adani Ports
Just to clarify, by working with Adani Logistics and Adani Ports and Special Economic Zone Limited, Flipkart will strengthen its supply chain infrastructure and enhance its ability to serve customers. Also, DVS Raju owns the port currently owned by Adani Ports and Special Economic Zone Limited (APSEZ). Furthermore, APSEZ announced plans to acquire 58.1% of the port in March 2021 for Rs. 36.04 billion (US$ 493.7 million). However, Adani Ports announced in March 2021 that it will develop and operate the West Container Terminal at the Colombo Port in Sri Lanka for 35 years with John Keells Holdings.
APSEZ Acquired Krishnapatnam Port
The APSEZ acquired Krishnapatnam Port Company Ltd., (KPCL), for Rs. 12,000 crores (US$ 1.62 billion). This is the first Indian port to sign up for the Science-Based Targets Initiative (SBTi). For over Rs.296 crore (US$ 42.35 million), acquired a 40.25% stake in Snowman Logistics. A 70% stake in Krishnapatnam Port was acquired for over Rs.5500 crore (US$ 790 million). For FY19, the Mundra Port ranked 1st in India among all non-major ports and major ports. This raises Rs.3222.50 crore (US$ 500 million) of bonds in foreign currencies. This acquires TM Harbour Services Private Limited.
Incorporated as Gujarat Adani Port
In the year 2016, they acquired Dharma Port. The company changed its name to Adani Ports and Special Economic Zone Ltd in 2014. In the 2012 year, Mundra Port and SEZ be better than a record 50 million tonnes of cargo. In 2011, they were notified as a Special Economic Zone (SEZ) which merged with MSEZ (Mangalore Special Economic Zone) and ACL. The merger with Adani Port Limited in the year 2006. The container terminal became operational in 2005. All 4 berths at Mundra Port became operational in the year 2003. On 26th May 1998, they incorporated Gujarat Adani Port Limited.
In the year 2016, they acquired Dharma Port. The company changed its name to Adani Ports and Special Economic Zone Ltd in 2014. In 2012 year, Mundra Port and SEZ be better than a record 50 million tonnes of cargo. In 2011, they were notified as a Special Economic Zone (SEZ) which merged with MSEZ (Mangalore Special Economic Zone) and ACL. The merger with Adani Port Limited in the year 2006. The container terminal became operational in 2005. All 4 berths at Mundra Port became operational in the year 2003. On 26th May 1998, they incorporated Gujarat Adani Port Limited.
To get information about Adani Ports & Special Economic Zone (APSEZ), feel free to contact on call at +91-9311595648 and email at cargodeal@falconfreight.com
