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Informist, Friday, May 30, 2025

 

AHMEDABAD – Adani Ports and Special Economic Zone Ltd. plans to invest INR 650 billion-INR 750 billion as capital expenditure over a five-year period till 2028-29 (Apr-Mar), the company said in a filing with the stock exchanges Friday. This proposed capex excludes inorganic expansion within and outside India, the company said.

 

Of the proposed capex, the country's largest private sector port player in terms of capacity, seeks to spend INR 450 billion-INR 500 billion on domestic ports, INR 150 billion-INR 200 billion on logistics and the remaining INR 50 billion as maintenance capex. It would use this capex to enhance operational efficiency across ports and expand capacity, develop integrated services platform and continue asset addition across various logistics business, add marine fleet and technology upgradation.

 

Adani Ports owns 15 ports across the country with a capacity of 633 million tonnes. It also operates Haifa port in Israel, Dar-es-Salaam port in Tanzania and Colombo port in Sri Lanka. The company's board has also approved acquisition of NQXT Terminal located within Abbot Point Port in Queensland, Australia. Cargo volumes grew 7% on year to 450.2 million tonnes in FY25 but were lower than company-guided 460-480 million tonnes.

 

While announcing its FY25 earnings on May 1, the company had said it spent INR 110.6 billion in capex during FY25 and plans another INR 110 billion-INR 120 billion in FY26. Of this, it plans to spend INR 60 billion in its domestic ports segment and INR 20 billion each in its logistics and international ports segments. The remaining will be invested in the marine business and towards decarbonisation and improving technology.

 

In FY25, its consolidated revenue rose 14% on year to INR 304.75 billion and its EBITDA grew 20% on year to INR 190.25 billion. Its consolidated net profit rose 37% on year to INR 110.92 billion for the same period. For FY26, the company expects its revenues to rise to INR 360 billion-INR 380 billion and EBITDA to rise to INR 210 billion-INR 220 billion. 

 

At 1345 IST, shares of Adani Ports were trading at INR 1,434 per share on the National Stock Exchange, down 0.3%.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Sunil Raghu

Edited by Vandana Hingorani

 

 

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