Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) handled 450 million metric tonnes (MMT) of cargo in FY24-25, registering a 7 per cent year-on-year growth, it said on Wednesday.
Mundra, the flagship port of APSEZ, achieved a historic feat by crossing the 200 MMT cargo mark in a single fiscal, a first by any Indian port. The country’s largest port operator handled 420 MMT cargo in FY23-24, surpassing the government’s target of 410 MMT volumes. The milestone was accompanied by a record 24 per cent revenue growth, a 50 per cent jump in net profit and a 24 per cent growth in cargo movement.
APSEZ Managing Director Karan Adani is leading the company towards global dominance, with the goal of becoming the world’s largest port operator by 2030, achieving carbon neutrality by 2025 and net-zero emissions by 2040. “Aspiration is a promise we make to ourselves. Led by our Chairman, Gautam Adani, we will continue to soar,” said Karan Adani.
Karan Adani emphasised APSEZ’s commitment to these national objectives and pledged to expand global trade connectivity and strengthen infrastructure. APSEZ’s vision is in line with India’s macroeconomic goals. The government has set a target of $1 trillion of merchandise exports by 2030, as well as reducing logistics costs from 14 per cent of GDP to 8 per cent. Despite challenges such as global trade disruptions in the Red Sea, the Panama Canal crisis, geopolitical conflicts and weather events, APSEZ has remained resilient.
Its growth strategy focuses on enhancing infrastructure, adopting cutting-edge technology, improving operations and efficiently handling different types of cargo. APSEZ, which currently handles 27 per cent of India’s cargo volume, has developed or acquired 14 ports and terminals since 1998.
The company also operates international ports at Haifa (Israel), Abbot Point (Australia), Colombo (Sri Lanka) and Dar es Salaam (Tanzania), expanding its global presence. Adani Ports is India’s largest port operator and aims to double the country’s cargo volume growth.
