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

 

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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...

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