Adani Plans Major $3 Billion Expansion in Global Port Operations

In a strategic move to capitalize on the rising demand for iron ore and coal imports and enhance exports of finished goods, the Adani Group has committed to a $3 billion investment aimed at boosting its global port capacity.

This expansion is designed to establish a significant presence in the corridor linking India to Europe through Central and West Asia.

The conglomerate plans to increase its overall port container-handling capacity from approximately 600 million metric tons per annum (MMTPA), with 420 MMTPA being domestic, to 800 MMTPA over the next two years. This growth will be driven primarily through a series of international acquisitions.

Currently, the Adani Group operates ports in countries such as Israel (Haifa), Sri Lanka, Indonesia, Tanzania, and Australia, and has signed MOUs for various port-related activities in Vietnam, Malaysia, and the Philippines.

Adani Group is targeting at least three major ports along the coastal borders of Europe, Africa, and Southeast Asia, in line with its strategy to strengthen its foothold in crucial international trade routes currently dominated by China. This expansion aligns with the Indian government’s vision to enhance trade ties with European, West Asian, and African nations.

Funding for the $3 billion capital expenditure will come from a mix of cash, internal accruals, and debt, according to sources. Additionally, proceeds from an upcoming fundraising initiative may also support the acquisition of new overseas ports, as reported by Moneycontrol.

Strategic Push for Greater Capacity

APSEZ, India’s largest private ports operator, currently owns 15 ports and terminals, with seven on the west coast and eight on the east coast. The company handled a record domestic cargo volume of 420 MMTPA in FY24, marking a 24 percent increase from the previous year. Adani’s cargo volumes account for approximately 25 percent of India’s total cargo volumes, according to data from the Ministry of Ports, Shipping, and Waterways and Adani’s regulatory filings.

Internal discussions regarding the mega port expansion have been ongoing for the past three months. Ashwani Gupta, whole-time director and CEO of Adani Ports and SEZ, mentioned in a recent earnings call, “Moving forward, we are under discussion for further expansion in the international ports.”

“Capex for Adani Ports is expected to range between Rs 10,500 crore and Rs 11,500 crore in FY25,” Gupta added.

Adani Ports is focusing on cargo traffic growth in the Middle East, Southeast Asia, Africa, and the Mediterranean in the medium term, with strategic acquisitions and partnerships planned for these regions over the next 3–5 years.

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