Strength with Resilience

We have become – more formidable, more unbreakable, stronger and more resilient!

Gautam Adani

We have become – more formidable, more unbreakable, stronger and more resilient!- GAUTAM ADANI

Adani Enterprises Limited

Adani Ports And Special Economic Zone Limited

Adani Energy Solutions Limited

Adani Green Energy Limited

Adani Total Gas Limited

Ambuja Cements

Adani Power Limited

AWL Agri Business Limited

NDTV Limited

Adani Enterprises Limited

One of the

INDIA’S

business incubator

Adani Ports And Special Economic Zone Limited

One of the

INDIA’S

Integrated Transport Utility

Adani Energy Solutions Limited

One of the

INDIA’S

private-sector and transmission and distribution company

Adani Green Energy Limited

One of the

WORLD’S

and fastest growing RE companies

Adani Total Gas Limited

One of the

INDIA’S

city gas distributor

Ambuja Cements

One of the

INDIA’S SECOND

cement manufacturer

Adani Power Limited

One of the

INDIA’S

private-sector thermal power producer

AWL Agri Business Limited

One of the

INDIA’S

edible oil brand and a leading packaged foods player

NDTV Limited

One of the

AMONG INDIA’S MOST

media companies

Empowering every Indian, every step forward.

350 Million Indians^#

Impacted by Adani’s core infra platform

USD 100 billion^#

Investment in green energy transition by 2030

~USD 71 billion

Asset base ensuring resilient critical infrastructure and best-in-class performance across its life cycle

#Consolidated Adani portfolio of companies

₹74,945 crore

Total global tax and other contributions

₹539 crore

towards CSR for FY 2024-25

₹12,05,710 crore

Market capitalisation

Note: Consolidated Adani portfolio of companies in FY 2024-25

FY 2025 (₹ In crore)

APL 58,906

APSEZ 32,383

AESL 24,447^

AEL 1,00,365

AGEL 12,422

ATGL 5,442

Ambuja Cements 37,699

FY 2025 (₹ In crore)

APL 23,917

APSEZ 20,471

AESL 7,746

AEL 17,315

AGEL 10,532

ATGL 1,179

Ambuja Cements8,645

FY 2025 (₹ In crore)

APL 12,750

APSEZ 11,061

AESL 922^#

AEL 8,018^*

AGEL 2,002

ATGL 654

Ambuja Cements5,158

Please Note: Revenue and Adjusted EBITDA includes Other Income

^{^}Includes SCA income of ₹5,064 crore in FY 2024-25

^#AESL PAT is after an exceptional item of ₹1,506 crore due to carve-out of the Dahanu power plant

^* Due to recognition of gain consequent to OFS of stake in AWL Agri Business Limited (formerly known as Adani Wilmar Limited)

PAT - Profit after tax including profit/loss from JV | EBITDA: Earning before Interest, Tax Depreciation & Amortisation | Adjusted EBITDA: PAT + Share of profit from JV & Associates + Current Tax + Deferred Tax + Depreciation & Amortisation + Finance Cost + Unrealised Forex Loss / (Gain) + Exceptional Items

01 / 06

Accelerating India’s Rise with Industry-Best Performance

Performance Highlights FY 2024-25

01 / 06

Accelerating India’s Rise with Industry-Best Performance

India’s largest Integrated Transport Utility - Story in numbers

HIGHLIGHTS

India’s largest Integrated Transport Utility - Story in numbers

Ports

India’s Largest

Private port operator

Our ports handled 27% of the country’s total cargo and 45.5% of container cargo in FY 2024-25

633 MMT

Total capacity including East coast: 272 MMT, and West coast: 361 MMT

Mundra

India’s largest commercial port and flagship port of the company
India’s largest container handling a import coal handling capacities

15

Domestic ports and terminals

Two (Mundra and Krishnapatnam)

of India’s top 10 ports in domestic cargo volumes

Vizhinjam Port

India’s first automated transshipment port (commissioned in December 2024)

Four of our ports – Mundra, Krishnapatnam, Hazira, and Kattupalli

have been recognised in the World Bank Container Port Performance (CPP) Index

Marine

Comprehensive Marine Services

Across India and Middle East, Asia, South Africa waters

115

third-party tugs and offshore support vessels

India’s Largest

3^rd party marine service provider and private capital dredging company

Adani Harbour Services Ltd operates

46 vessels

across APSEZ ports

28 dredgers

Logistics

12

Multi-Modal Logistics Parks (MMLPs)

India’s Largest

Private rail operator of railway wagons/rakes (including container, GPWIS, AFTO & agri rakes)

India’s First

zero-touch terminal - Virochannagar

132

Trains under operations

1.2 MMT(20 locations)

Agri silos

Longest and First Private

Railway line operator (Mundra to Adipur)

3.1 million sq. ft.

Warehouse capacity

690 km

Total railway track length

937

Truck fleet

International Ports

4

International ports

Israel

Haifa port

Tanzania

Container Terminal 2 at Dar es Salaam Port

Sri Lanka

Colombo West International Terminal, Port of Colombo

Australia

APSEZ Board has approved the acquisition of North Queensland Export Terminal (subject to statutory & other approvals)

Industrial Land & SEZs

Plug-and-play SEZ solution

18,250+ hectares

Land bank including

Mundra: 12,500+ ha (India’s largest SEZ)
Dhamra: 2,000+ ha
Krishnapatnam Industrial Zone: 2,750+ ha
Gangavaram: 1,000+ ha

Additional investment in land bank for potential logistics use

Message from the Managing Director

Our journey is not just about where we stand today as India’s leading private port operator, but about the transformative direction we’re pursuing — becoming an Integrated Transport Utility
- KARAN ADANIManaging Director

These numbers bear testimony to the success of our strategic efforts to achieve operational efficiency across all business verticals, along with the incubating new asset base. - KARAN ADANI

An Integrated Transport Utility shaping India’s trade evolution, eyeing global frontiers

Adani Ports and Special Economic Zone Limited (APSEZ) is India’s largest Integrated Transport Utility, offering unmatched waterfront-to-customer gate connectivity, strengthened by advanced digital integration.

ADANI PORTS AND SPECIAL ECONOMIC ZONE

An Integrated Transport Utility shaping India’s trade evolution, eyeing global frontiers

Adani Ports and Special Economic Zone (APSEZ) is India’s largest integrated transport utility, offering unmatched waterfront-to-customer gate connectivity, strengthened by advanced digital integration.

OPERATIONAL PERFORMANCE

1 / 11

Logistics

Adani Logistics Limited is a leading end-to end logistic service provider with a nationwide footprint. It specialises in retail, industrial, container, bulk, liquids, auto, and grain logistics

Natural Capital
A growth model aligned with stakeholder’s prosperity and India’s future

Business Model

Natural Capital
Input

Invested ₹934 crore in environmental initiatives

Emphasis on responsible use of natural resources
The Outcomes Generated

On track for net zero carbon emissions by 2040

16% renewable share in total electricity in FY 2024-25
Outputs

450 MMTof cargo volumes handled

12.5 millionTEUs of container volumes handled by our ports
Our Business and Operating Model

Strategic Priorities

S1ESG leadership

S2Customer centricity

S3Expand footprint nationally

S4Increasing our global presence

S5Improve business mix

S6Scale operational efficiency through focus on safety, talent, technology and innovation

S7Growth through strategic partnerships and acquisitions

Read More
Social & Relationship Capital
A growth model aligned with stakeholder’s prosperity and India’s future

Business Model

Social and Relationship Capital
Input

₹117 crore CSR spending

Strategic partnerships across terminals and ports ensuring cargo stickiness
The Outcomes Generated

8.6 lakhs direct beneficiaries

One-stop solution for customers with single window service and offering first and last-mile connectivity
Outputs

450 MMTof cargo volumes handled

12.5 millionTEUs of container volumes handled by our ports
Our Business and Operating Model

Strategic Priorities

S1ESG leadership

S2Customer centricity

S3Expand footprint nationally

S4Increasing our global presence

S5Improve business mix

S6Scale operational efficiency through focus on safety, talent, technology and innovation

S7Growth through strategic partnerships and acquisitions

Read More
Human Capital
A growth model aligned with stakeholder’s prosperity and India’s future

Business Model

Human Capital
Input

Employee training 7 man-days

₹3.7 crore spent of employee trainings and developments
The Outcomes Generated

11% employee voluntary turnover

Employee productivity stands at ₹10 crore per employee
Outputs

450 MMTof cargo volumes handled

12.5 millionTEUs of container volumes handled by our ports
Our Business and Operating Model

Strategic Priorities

S1ESG leadership

S2Customer centricity

S3Expand footprint nationally

S4Increasing our global presence

S5Improve business mix

S6Scale operational efficiency through focus on safety, talent, technology and innovation

S7Growth through strategic partnerships and acquisitions

Read More
Intellectual Capital
A growth model aligned with stakeholder’s prosperity and India’s future

Business Model

Intellectual Capital
Input

Robust technology infrastructure driving unprecedented efficiencies and customer experiences

3,212 Employees
The Outcomes Generated

Agile and efficient transport utility with pricing power

Real-time vessel tracking
Outputs

450 MMTof cargo volumes handled

12.5 millionTEUs of container volumes handled by our ports
Our Business and Operating Model

Strategic Priorities

S1ESG leadership

S2Customer centricity

S3Expand footprint nationally

S4Increasing our global presence

S5Improve business mix

S6Scale operational efficiency through focus on safety, talent, technology and innovation

S7Growth through strategic partnerships and acquisitions

Read More
Manufactured Capital
A growth model aligned with stakeholder’s prosperity and India’s future

Business Model

Manufactured Capital
Input

Amongst largest transport utility with 19 ports (incl. 4 international), industrial land (SEZ) and integrated logistics network
The Outcomes Generated

Top performing port operator with 68% capacity utilisation

73% domestic EBITDA margins
Outputs

450 MMTof cargo volumes handled

12.5 millionTEUs of container volumes handled by our ports
Our Business and Operating Model

Strategic Priorities

S1ESG leadership

S2Customer centricity

S3Expand footprint nationally

S4Increasing our global presence

S5Improve business mix

S6Scale operational efficiency through focus on safety, talent, technology and innovation

S7Growth through strategic partnerships and acquisitions

Read More
Financial Capital
A growth model aligned with stakeholder’s prosperity and India’s future

Business Model

Financial capital
Input

₹64,973.34 crore net worth

₹8,991.36 crore in cash and cash equivalents
The Outcomes Generated

₹31,079 crore revenue

₹19,025 crore EBITDA

₹11,061 crore PAT
Outputs

450 MMTof cargo volumes handled

12.5 millionTEUs of container volumes handled by our ports
Our Business and Operating Model

Strategic Priorities

S1ESG leadership

S2Customer centricity

S3Expand footprint nationally

S4Increasing our global presence

S5Improve business mix

S6Scale operational efficiency through focus on safety, talent, technology and innovation

S7Growth through strategic partnerships and acquisitions

Read More

Environment, Social and Governance

ESG Approach

Strengthening our ESG framework

Environment

Climate change

Biodiversity

Protecting biodiversity, restoring our ecosystems

Human capital

Nurturing an inclusive workplace culture

Human rights

Protecting human rights

Occupational health & safety

Committed to workers’ health, wellbeing & safety

Corporate social responsibility

Building strong ties with communities

Responsible procurement

Sourcing responsibly to drive sustainability

Governance

Robust corporate governance framework

Digitalisation & cybersecurity

Harnessing technology to enhance cybersecurity

01/10

ESG Approach

Strengthening our ESG framework

Environment

Climate change

Biodiversity

Protecting biodiversity, restoring our ecosystems

Human capital

Nurturing an inclusive workplace culture

Human rights

Protecting human rights

Occupational health & safety

Committed to workers’ health, wellbeing & safety

Corporate social responsibility

Building strong ties with communities

Responsible procurement

Sourcing responsibly to drive sustainability

Governance

Robust corporate governance framework

Digitalisation & cybersecurity

Harnessing technology to enhance cybersecurity

ESG Approach

2024-25 Integrated Annual Report

DOWNLOAD REPORT

Strength with Resilience

Message from the Chairman

We have become – more formidable, more unbreakable, stronger and more resilient!

Gautam Adani

We have become – more formidable, more unbreakable, stronger and more resilient!- GAUTAM ADANI

EMPOWERING THE NATION, SUSTAINING THE PLANET

Adani Enterprises Limited

Adani Ports And Special Economic Zone Limited

Adani Energy Solutions Limited

Adani Green Energy Limited

Adani Total Gas Limited

Ambuja Cements

Adani Power Limited

AWL Agri Business Limited

NDTV Limited

Adani Enterprises Limited

INDIA’S

Adani Ports And Special Economic Zone Limited

INDIA’S

Adani Energy Solutions Limited

INDIA’S

Adani Green Energy Limited

WORLD’S

Adani Total Gas Limited

INDIA’S

Ambuja Cements

INDIA’S SECOND

Adani Power Limited

INDIA’S

AWL Agri Business Limited

INDIA’S

NDTV Limited

AMONG INDIA’S MOST

Empowering every Indian, every step forward.

Empowering every Indian, every step forward.

350 Million Indians#

USD 100 billion#

~USD 71 billion

₹74,945 crore

₹539 crore

₹12,05,710 crore

Consolidated FY 2024-25 Revenue ₹2,71,664 crore

FY 2025 (₹ In crore)

APL 58,906

APSEZ 32,383

AESL 24,447^

AEL 1,00,365

AGEL 12,422

ATGL 5,442

Ambuja Cements 37,699

Consolidated FY 2024-25 Adjusted EBITDA ₹89,806 crore

FY 2025 (₹ In crore)

APL 23,917

APSEZ 20,471

AESL 7,746

AEL 17,315

AGEL 10,532

ATGL 1,179

Ambuja Cements8,645

Consolidated FY 2024-25 PAT ₹40,565 crore

FY 2025 (₹ In crore)

APL 12,750

APSEZ 11,061

AESL 922#

AEL 8,018*

AGEL 2,002

ATGL 654

Ambuja Cements5,158

Accelerating India’s Rise with Industry-Best Performance

Performance Highlights FY 2024-25

Accelerating India’s Rise with Industry-Best Performance

India’s largest Integrated Transport Utility - Story in numbers

HIGHLIGHTS

India’s largest Integrated Transport Utility - Story in numbers

Ports

India’s Largest

633 MMT

Mundra

350 Million Indians^#

USD 100 billion^#

AESL 922^#

AEL 8,018^*

Our journey is not just about where we stand today as India’s leading private port operator, but about the transformative direction we’re pursuing — becoming an Integrated Transport Utility
- KARAN ADANIManaging Director