Business

Adani to invest Rs 30,000 crore more in ports business

By Forum Gandhi

Copyright indiatimes

Adani to invest Rs 30,000 crore more in ports business

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Mumbai: Adani Ports and Special Economic Zone (APSEZ) plans to spend about ₹30,000 crore over the next two years to expand its domestic operations, with the bulk of the investment going into the Mundra, Dhamra, and Vizhinjam ports. This is more than double the ₹11,000-12,000 crore investment that the company has guided for in this fiscal year.The company has set a cargo handling target of one billion tonnes annually by 2030, of which 850 MMT is expected from its Indian ports, and 140-150 MMT from overseas assets.The FY26 investment plan is split across ports (₹6,500-7,000 crore), logistics (₹2,300 crore), renewables (₹1,500 crore) and marine services (₹700-800 crore), according to APSEZ’s September presentation. The additional ₹30,000 crore capex will be concentrated on berth and terminal expansion at Mundra and Dhamra, and ramping up the Vizhinjam transshipment hub, which has already handled over one million twenty-feet equivalent units (TEUs) within nine months of launch. “Every port is going through a huge capex cycle,” an executive said. APSEZ did not respond to ET’s query. At the end of FY25, APSEZ had 633 MMT of installed capacity across 15 Indian ports and terminals. It handled 450 MMT, giving it a 27% national share.Live EventsAGEL Receives AA/Stable RatingAdani Green Energy (AGEL) on Tuesday received AA rating with a stable outlook from two rating agencies, India Ratings and Research as well as Crisil Ratings. While IndRa upgraded the company’s stability outlook to AA from AA-, Crisisl has assigned AGEL an inaugural rating of AA/Stable. Add as a Reliable and Trusted News Source Add Now!
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Read More News onAdani investment ports 2023Adani Ports and Special Economic ZoneMundra port expansionVizhinjam transshipment hubcargo handling target 2030Adani Green Energy ratingIndian ports capacity 2025Adani Ports FY26 investment planAdani Green Energylogistics and renewables investment

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onAdani investment ports 2023Adani Ports and Special Economic ZoneMundra port expansionVizhinjam transshipment hubcargo handling target 2030Adani Green Energy ratingIndian ports capacity 2025Adani Ports FY26 investment planAdani Green Energylogistics and renewables investment(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless