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Strength with Resilience

A Nation on the Move. But are We Moving Fast Enough?

Indian economy is at the crossroads. Rapid industrialisation, infrastructure creation, 'Make in India', and the urgency for energy and food security are fuelling unprecedented opportunities. The stage is all set for the race towards becoming a global manufacturing and trade powerhouse.

The Big Challenge

Traditional supply chain models are fragmented, inefficient and costly. They present bottlenecks that can hinder progress.

APSEZ Changing the Game

For years, Adani Ports and Special Economic Zone Limited (APSEZ) has envisioned creating maritime and logistics infrastructure that is smarter, faster and more agile. Today, that vision is a reality. With our bold reinvention as one of India’s largest and most advanced Integrated Transport Utilities, we are taking charge of transforming India's supply chain dynamics.

What We Bring?

An extensive portfolio of ports across India’s coastline and key global destinations, serving as vital gateways for global trade and economic growth.

A diverse set of marine assets – tugs, offshore support vessels, dredgers – that deliver an extensive range of marine services.

A multimodal logistics ecosystem comprising trains, trucks, multi-modal logistic parks (MMLPs), warehousing and freight forwarding services that facilitate efficient inland goods movement. SEZ land banks that power industrial development.

Together, interconnected by advanced digital platforms, they create one of the largest end-to-end ecosystems that ensure seamless, high-performance and cost-effective transport solutions.

They catalyse India’s ability to manufacture competitively, move around goods efficiently and export profitably. As India advances to become a USD 5 trillion economy, our future-ready platform will be key to empowering businesses and enhancing India’s competitiveness.

This is what it means to have

Strength with Resilience

It is not just about our scale or the differentiation we bring in and how we leverage them to deliver resilient performance. It is about our commitment to lead and create a larger impact on our stakeholders, society and the nation.

APSEZ: ‘Strength with Resilience’ to lead India’s logistics revolution

How We Consolidated our Position as India’s Largest Integrated Transport Utility

India’s macro story is driven by four growth levers – industrialisation, infrastructure, energy and agriculture – and the strive to become an epicentre of manufacturing and supply chain operations. This is set to drive an unprecedented surge in trade volumes, both inland and international.

At APSEZ, we have strengthened our capacities and competencies to strengthen our value proposition as an Integrated Transport Utility company with unmatched waterfront to last-mile connectivity solutions. This positions us to leverage our extensive portfolio of ports, marine and logistics assets to deliver tech-enabled integrated transport solutions. This will be critical in efficiently managing the increasing traffic and ensuring seamless, cost-effective movement of goods from the port gate to the customer gate and vice versa.

Advancing Towards Becoming the World’s Largest Port Operator by 2030

  • Acquired Gopalpur Port, enhancing presence on the East Coast
  • Signed a 30-year concession agreement with Deendayal Port Authority for developing Berth No. 13
  • Signed 5-year O&M of container facility at Netaji Subhas Dock at Syama Prasad Mookerjee Port, Kolkata
  • Gangavaram Port launched a container terminal
  • Signed 30-year concession agreement to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania
  • APSEZ Board has approved acquisition of North Queensland Export Terminal (NQXT), located within Abbot Point Port, Queensland, Australia (subject to statutory and other approvals)

Reinforcing Position as a Leading Infra Utility Player

  • Asset base of 132 rakes, 12 MMLPs, 3.1 million sq. ft. of warehousing space, 1.2 MMT agri-silos, extensive trucking fleet (operated under hybrid model) and frieght forwarding services
  • Launched the Trucking Management Solution, a transformative digital marketplace and fulfilment solutions that streamline end-to-end trucking workflows for cost-effective and more efficient cargo movement
  • Launched International Freight Network services to further strengthen our end-to-end value proposition

Advancing to Become One of the World’s Largest Marine Operators

  • Acquired Astro Offshore, a leading Offshore Support Vessels (OSVs) operator in the Middle East, India, East Asia, and Africa
  • Invested in acquiring additional OSVs under the Astro banner
  • Ordered eight tugs from Cochin Shipyard for ₹450 crore under the Indian government's Make in India and Aatmanirbhar Bharat initiatives

Building Future-Readiness with Integrated Tech Platforms

We made significant progress in the adoption of technology and digitisation during the year towards building agile, flexible, state-of-the-art operations. We also established a robust digital transformation road towards building an organisation that is smarter, automated and data-driven.

Pioneering Infrastructure that Moves India Forward

India’s First Transshipment Port

We successfully operationalised Vizhinjam Port, India’s first deep-water container transshipment port. Efforts are underway to ramp-up and achieve full operations of the full-length berth. This port is set to redefine India’s stature as a transshipment hub on the global map. The port holds the distinction of employing women, particularly from the local fishing community, to operate the huge automated Cantilever Rail Mounted Gantry (CRMG) crane.

We have also kicked off Phase 2 of the project

Virochannagar MMLP – India’s First Zero-Touch Terminal

We operationalised the state-of-the-art Virochannagar MMLP, located in proximity to major industrial clusters in Gujarat. Having robust technology, digital infrastructure, double-stacking capabilities and supporting integrated transport solutions to/from port gate to customer gate, this MMLP is poised to set new standards in inland logistics management.

Scaling Our Integrated Transport Platform

We have established a robust expansion roadmap to further solidify our position as the backbone of India’s trade and logistics sector – enhancing capacity, increasing connectivity, and pioneering innovations that drive efficiency and resilience.

Marine vessels Ports cargo volume (MMT) Trains & tracks Multi-modal logistics parks (MMLPs) Agri silos (MMT) Warehouse (million sq. ft.) Trucks
26 tugs 223 56 rakes 5 0.9 0.4 Nil
FY20
115 third-party vessels, 46 captive tugs 450 132 rakes
690 km tracks
12 1.2 3.1 937
FY25
3x growth in marine revenue Heading towards 1,000 MMT 300 rakes
2,000 km tracks
20 10 20 5,000 owned trucks +
additional third-party fleet
FY29

Industry leading performance driven by strength and resilience

Outperforming India in Port Cargo Volume Growth

In FY 2024-25, all-India cargo volumes stood at 1,593 MMT, recording a growth of 4% as compared to 7% in the previous year. APSEZ continued to outperform India cargo growth, recording 6% volume growth to reach a total domestic cargo volume of 431 MMT.

Scaling new Milestones in Ports and Logistics Performance

450 MMT

Highest-ever cargo volume handled across domestic and international ports

7%

0.64 Mn TEUs

Highest-ever container volume handled in logistics

8%

Mundra became the first Indian port ever to cross

200 MMT

annual cargo volume

World Bank Feature

Mundra, Kattupalli, Hazira, and Krishnapatnam ports featured in the World Bank’s Container Port Performance Index, a benchmark for ports globally on parameters like productivity, efficiency and reliability.

Best-ever Financial Performance

₹31,079 crore

Highest-ever total operating revenue

16%

₹19,025 crore

Highest-ever EBITDA

20%

₹17,226 crore

Highest-ever net cash from operations

15%

AAA Rating

APSEZ became the first private corporate infrastructure developer to be rated ‘AAA’ by all domestic credit rating agencies – CRISIL, ICRA, CARE, India Ratings

Advancing Sustainability Charter

APSEZ Joins World Economic Forum’s ‘Transitioning Industrial Clusters’ Initiative

The Adani Mundra Cluster (comprising APSEZ, Adani New Industries Ltd. and Ambuja Cements Ltd.) joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative. This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment, and advance decarbonisation by 2050.

Improvement in ESG Ratings

Sustainalytics

  • Risk rating of 13.7, placing APSEZ in the Low risk category

CDP

  • “A-” (Leadership band) in water security assessment for the first time (previous rating – “B”)
  • Retained Leadership status for climate change

S&P Global CSA

  • Only Indian company in the Top 10 of the S&P Global CSA 2024 index within the global Transportation and Transportation Infrastructure industry (Top 15 earlier)
  • Retained 1st rank in the Environment dimension for the second consecutive year
  • Secured top score in transparency & reporting, materiality, supply chain management, information security/cybersecurity & system availability and customer relations within the sector

ISS

  • Overall ESG rating of C+ (C earlier) with performance score of 54.77 (49 earlier)
  • Awarded “Prime” Status for the first time – our bonds and shares now qualify for responsible investment by ISS clients (international institutional investors and financial service companies)
  • Ranked amongst the top 12 companies in transportation infrastructure
  • Business ethics & government relations rating of B (from C+) and stakeholder responsibility ratings of C+ (from C-)