BAJAJ BROKING
In the vast landscape of India’s maritime industry, Adani Ports and Special Economic Zone Ltd. (APSEZ) stands as a monumental pillar, responsible for handling nearly a quarter of the country’s total cargo movement. Spread across seven maritime states, their network includes 13 domestic ports, highlighting the vast reach of their operations. This information sets the stage for a deeper exploration into APSEZ, a significant force driving the economic engine of the country. This blog will guide you through various aspects of APSEZ including its inception, growth, subsidiaries, and notable products.
Aspect | Details |
Founder | Gautam Adani |
Industry Type | Ports and Logistics |
Founded | 1998 |
Headquarters | Ahmedabad, Gujarat, India |
Key People | Gautam Adani (Chairman & Founder) |
Parent Company | Adani Group |
Market Cap | ₹1.78 trillion |
Total Number of Employees | 3052 |
Adani Ports and Special Economic Zone Ltd. (APSEZ) holds the title of India’s largest commercial port operator. It holds a significant role in the nation’s cargo transportation, having a prominent presence across 13 domestic ports in seven coastal states. This extensive network provides various regions in India with access to exceptional port facilities, improving the efficiency of nationwide cargo movement.
APSEZ is well-known for its modern cargo-handling infrastructure. A diverse range of cargo, from dry and liquid to crude and containers, is efficiently managed, ensuring reliable and adaptable services. This robust handling capability is essential for smooth trade and cargo movement, bolstering India’s stand in the global maritime sector.
In addition to its vast port facilities, APSEZ enhances its logistics operations with the help of its subsidiary, Adani Logistics Ltd. This subsidiary oversees the operations of three logistics parks which can handle 500,000 twenty-foot equivalent units (TEUs) annually, ensuring swift and efficient cargo movement. They play a significant role in streamlining cargo handling and transportation across regions, enhancing the overall efficacy of APSEZ’s services.
Moreover, APSEZ has established the Mundra SEZ in Gujarat, a vast economic hub covering over 8,000 hectares. This development highlights the company’s dedication to delivering integrated port and logistics services. The Mundra SEZ, a multi-product SEZ, Free Trade, Warehousing Zone, and Domestic Industrial Zone, offers various investment opportunities, contributing to the region’s economic growth and providing diverse opportunities for businesses and industries.
Also Read: Larsen & Toubro Ltd.
1994: In January, the Government of Gujarat granted approval to set up a captive jetty at Mundra.
1998: May witnessed the formation of Gujarat Adani Port Limited (GAPL). By October, Berths 1 and 2 at Mundra Port began operations.
1999: In October, Berths 3 and 4 at Mundra Port were operationalised.
2001: The year started with a Concession Agreement signed with the Government of Gujarat in February. By October, all four berths at Mundra Port were fully functional.
2002: May marked the commencement of trial rail operations at Mundra Port. Agreements to establish a single point mooring (SPM) facility at Mundra Port were signed with Gujarat Gas Supply Corporation Limited in October and with the Indian Oil Corporation Limited in November.
2003: January saw the signing of railway agreements for Mundra Port. In July, a sub-concession agreement was inked with Mundra International Container Terminal Private Limited for a container terminal at Mundra Port.
2004: In April, a shareholders’ agreement with Kutch Railway Company Limited was signed.
2005: June marked the merger of Adani Port Limited with GAPL. The SPM facility at Mundra Port became operational in December.
2006: April brought the notification of Mundra Port as a Special Economic Zone. Additional 10 bulk berths became operational in May, and double stack train operations commenced from Mundra Port in June. In July, Mundra SEZ Limited and Adani Container Lines Limited merged with GAPL.
2007: Terminal II at Mundra Port became operational in March, and Container Terminal II commenced operations in August.
2009: Maruti Suzuki’s A-star was shipped to Europe from Mundra Port, and ADANI Auto Terminal began operations at Mundra Port.
2010: A four-lane, 1.5 km long dedicated Road Over Bridge was constructed at Mundra Port.
2014: APSEZ acquired Abbot Point Port in Australia.
2015: APSEZ took over Dhamra Port in India.
2016: The acquisition of Hazira Port in India was completed by APSEZ.
2017: APSEZ acquired Kattupalli Port in India.
2018: Krishnapatnam Port in India was acquired by APSEZ.
2019: APSEZ added Dighi Port in India to its portfolio.
2020: APSEZ acquired Gangavaram Port in India.
2021: Visakhapatnam Port in India was acquired by APSEZ.
2022: APSEZ announced the development of a new port at Tuna-Tekra in Gujarat, India.
2023: APSEZ solidified its position as India’s largest integrated ports and logistics company, operating 12 ports and terminals with a combined capacity of over 538 million metric tonnes per annum (MMTPA).
Adani Logistics Ltd. is a key subsidiary of Adani Ports and Special Economic Zone Ltd., playing a crucial role in enhancing India’s logistical operations. The subsidiary operates logistics parks in Patli in Haryana, Kila-Raipur in Punjab, and Kishangarh in Rajasthan. Handling 500,000 Twenty-Foot Equivalent Units annually, Adani Logistics Ltd. is a testament to the parent company’s commitment to robust logistical solutions. Its strategic location across various states ensures seamless connectivity and efficient cargo handling, reflecting APSEZ’s comprehensive logistical framework.
Adani Hazira Port Pvt. Ltd., located in Gujarat, is another significant subsidiary of APSEZ. It operates the Hazira Port, a key hub for diverse cargo and plays an essential role in promoting international and national trade. Adani Hazira Port Pvt. Ltd. enhances APSEZ’s overall cargo handling capacity, contributing to the parent company’s operational efficiency and reach. The subsidiary reinforces APSEZ’s objective of bolstering India’s maritime infrastructure, ensuring smooth and efficient cargo movement.
Adani Petronet (Dahej) Port Pvt. Ltd. is situated in Dahej, Gujarat, and is a vital part of the APSEZ family. It underscores APSEZ’s commitment to providing superior port services and enhancing India’s port infrastructure. The efficient and streamlined handling of various cargo types by Adani Petronet (Dahej) Port Pvt. Ltd. adds to the robust maritime framework of India, reflecting the unified goals of APSEZ’s diverse subsidiaries.
Also Read: Oil & Natural Gas Corporation Ltd.
The acquisition of Dhamra Port in 2014 marked a significant expansion of Adani Ports and Special Economic Zone Ltd.’s operations on the eastern coast of India. This key acquisition amplified APSEZ’s commitment to enhancing port infrastructure across the country, contributing to an increase in the port’s capacity and integrating it seamlessly into the APSEZ operational ecosystem.
In 2018, APSEZ strengthened its foothold in the southern region of India by acquiring the Ennore Container Terminal in Tamil Nadu. This acquisition heralded APSEZ’s entry into the container sector in the region, expediting the handling of container cargo and reinforcing the company’s standing in the burgeoning container cargo industry in India.
The year 2020 saw APSEZ adding another feather to its cap with the acquisition of Krishnapatnam Port in Andhra Pradesh. This strategic acquisition of the second-largest private-sector port in India significantly enhanced APSEZ’s operational capacity and contributed to its increased cargo handling ability, further establishing it as a leader in the ports and logistics sector.
The most recent acquisition in 2021 of Gangavaram Port, also in Andhra Pradesh, underscored APSEZ’s commitment to continual investment in advanced port infrastructure. The addition of this port to APSEZ’s portfolio has further augmented its cargo handling capacity and operational efficiency, enabling the handling of a more diverse range of cargo including dry, bulk, and liquid cargo.
Adani Ports and Special Economic Zone Ltd. (APSEZ) stands as a significant entity in India’s maritime infrastructure. It has an extensive presence in India, handling a diverse range of cargo and managing a substantial portion of the country’s total cargo movement. The company’s infrastructural advancements enable efficient and varied cargo handling, meeting global standards. The historical growth of APSEZ showcases consistent innovation and an expansion into integral port infrastructure services, marked by landmarks like the Mundra SEZ. Furthermore, the establishment of subsidiaries like Adani Logistics Ltd. highlights the emphasis on enhancing and broadening logistical operations nationwide. Overall, APSEZ plays a crucial role in reinforcing India’s economic and logistical framework, affirming its position as a leader in the industry.
Share this article:
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 4 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 9 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
What are the Timing For Commodity Market Trading?
13 Dec, 2024 | 6 Min. read
Defence Ministry Signs ₹13,500-Crore Deal with HAL for Su-30MKI Jets
13 Dec, 2024 | 2 Min. read
Kalpataru Projects To Raise ₹1,000 Cr Via QIP; Bags ₹2,174 Cr Orders
13 Dec, 2024 | 2 Min. read
Repo Rate & Reverse Repo Rate: Differences, Full Form & Meaning
13 Dec, 2024 | 5 Min. read
What is Spread Betting and How Does it Work
13 Dec, 2024 | 9 Min. read
Ashok Leyland Wins ₹345.58 Crore Order for 1,475 BSVI Bus Chassis
13 Dec, 2024 | 2 Min. read
Zomato Faces ₹803 Crore GST Demand, Including Interest and Penalty
13 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Indicates Negative Start For Indian Markets
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading