Adani Aims to Double India Ports Business Volume in 5 Years

Adani Group is very positive about the future of its ports business in India, expecting the volume to double in the next five years. Karan Adani, the managing director of Adani Ports and SEZ (APSEZ), told ET that the goal is to turn India’s top port operator into a global hub by increasing international traffic.

Currently, international operations make up about 5% of the total volume, but Adani aims to double this by 2030.

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The ports business has been growing quickly, and Adani believes this trend will continue. He noted that their ports and logistics segments currently split 70:30 and both are growing, but the ports segment is expanding faster. Revenue from ports increased to Rs 20,972 crore in FY24 from Rs 17,304 crore the previous year, while logistics revenue rose to Rs 2,079 crore from Rs 1,744 crore.

APSEZ is India’s largest port developer and operator, with 15 ports on the West and East coasts of India. They also manage ports in Colombo (Sri Lanka), Haifa (Israel), and Dar es Salaam (Tanzania).

Adani credits the growth to India’s strong export and import demand and its global potential. APSEZ aims to handle 1 billion tonnes of cargo by 2030, with around 900 million tonnes from Indian ports and the rest from international ventures.

For growth, APSEZ plans to expand capacity at existing ports and look for new acquisition opportunities, especially with public-private partnership projects like the Vadhavan port in Maharashtra. Adani Ports also aims to make India a key hub in global trade routes.