Adani Ports aims to attain 500Mn ton cargo throughput by 2025
Category: #business  By Mateen Dalal  Date: 2021-06-28
  • share
  • Twitter
  • Facebook
  • LinkedIn

Adani Ports aims to attain 500Mn ton cargo throughput by 2025

India's largest private multi-port operator, Adani Ports and Special Economic Zone (APSEZ) has recently indicated plans to extend its port cargo and focus on logistical services to grow the volume of its revenue stream and becoming the preferred logistics partner.

According to APSEZ’s annual report for FY21, the company holds a 25% market share in India's Exim cargo and operated 247 million tons of cargo, an increase of 11% over the previous year, compared to a 5% fall for all India ports.

The annual report adds that APSEZ, led by Gautam Adani, recorded a ROCE (return on capital employed) of 12% in FY21, with a clear goal of exceeding 20% by 2025.

The company stated that by 2025, it plans to maintain its leadership position by reaching a 500 million ton cargo throughput, which will increase its market share in India to 40%. Its twin growth engines are boosting free cash production, expanding its maturing ports and newly obtained ports, the firm added.

APSEZ claims that its Dhamra and Kattupalli ports, acquired in 2015 and 2018 respectively, have shown excellent returns on investment.

In the logistics landscape, the company has built up and expanded its railway rolling stock business, taking benefits from the changes in the Indian Railways' GPWIS (General-Purpose Wagon Investment Scheme).

This enabled the company to add obligations for the operation of 16 new rakes for raw material transfer from mines, which previously limited its ability to serve customers solely via ports.

The annual report stated, during this period, the company set its sights on building 30 million square feet of warehouse capacity and has established a strategic alliance with e-commerce giant Flipkart. By 2030, it aims to become the world's largest private port enterprise.

Source Credit - https://www.business-standard.com/article/companies/adani-ports-to-expand-cargo-ops-eyes-500-million-tonne-throughput-by-2025-121062700610_1.html

 

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

Telenor to sell stake in Myanmar's Wave Money for $53 Mn to Yoma
Telenor to sell stake in Myanmar's Wave Money for $53 Mn to Yoma
By Mateen Dalal

Telenor Group, an international provider of tele, data and media communication services, has reportedly agreed to sell its 51% stake in Myanmar's Wave Money, a provider of digital payment service, for $53 million to Yoma MFS Holdings, a subsidiar...

Alkem to launch state-of-the-art technology to treat DFU in India
Alkem to launch state-of-the-art technology to treat DFU in India
By Mateen Dalal

Alkem Laboratories Ltd. (Alkem), an Indian multinational pharmaceutical company, has reportedly launched a unique patented technology for the treatment of Diabetic Foot Ulcer (DFU) in India. The solution would be based on an innovative technology of...

Bank of America unveils new drive-thru ATM; shuts another in Bethlehem
Bank of America unveils new drive-thru ATM; shuts another in Bethlehem
By Mateen Dalal

According to Andy Aldridge, Bank of America Spokesperson, the financial institutiThe Bank of America Corporation, an American multinational investment bank and financial services, has now opened up a new place for clients in North Bethlehem who are l...