Adani Ports and SEZ Partners Once Again With Terminal Investment Ltd. for AECTPL

In a move that strengthens its hold over the ports and shipping sector, Adani Ports and SEZ (APSEZ) has expanded its strategic partnership with Mediterranean Shipping Company (MSC). The partnership leads to MSC’s container terminal operating and investing arm – Terminal Investment Ltd – picking up a 49% stake in Adani Ennore Container Terminal (AECTPL).

The transaction, amounting to INR 247 crore, is subject to regulatory approvals and is expected to be completed in the next quarter. Once the transaction is completed, APSEZ will hold 51% stake in AECTPL. The total enterprise value of AECTPL is INR 1,211 crore and a current annual capacity of 0.8 million TEUs, which can be expanded to 1.4 million TEUs annually. 

This is not the first time APSEZ has collaborated with Terminal Investments Ltd. In fact, their first partnership for Adani International Container Terminal Pvt Ltd (AICTPL) in 2013 was a success. The AICTPL operates the CT3 Container Terminal at Mundra Port. One can say that the partnership between the two companies is based on mutual trust and transparency and reflects their growing alliance.

With this second joint venture, we are further deepening this strategic partnership in one of the fastest-growing container terminal markets in the south. We aim to replicate the AICTPL terminal’s success at the Ennore Container Terminal and service the trade needs of the South Indian market. 

Karan Adani, CEO and Whole Time Director of APSEZ

Ammar Kanaan, CEO of Terminal Investment Ltd said that this association will allow them to improve their presence in one of the world’s fastest growing economies and strengthen their offering to customers in the Indian subcontinent.

Located on India’s east coast, AECTPL has a quay length of 400 meters. The terminal handled 0.55 million TEUs in FY23 and 0.45 million TEUs in the initial eight months of the current fiscal year. The concession period of the terminal is until 2044. 

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