Adani Group’s Chairman, Gautam Adani, has unveiled ambitious plans for Adani Ports and Special Economic Zone (APSEZ) to establish global dominance. With a focus on sustainability, APSEZ aims to achieve carbon neutrality while tripling its revenue by 2030. Adani emphasized the company’s impressive port EBITDA margin of 70 percent and its vision to become India’s largest transport utility, capable of handling a billion tonnes of cargo annually. APSEZ’s upcoming projects include the commissioning of India’s largest transshipment hub in Vizhinjam and the development of a port in Colombo.
The recent acquisition of Haifa Port in Israel positions APSEZ to capitalise on the India growth story and regional opportunities. Furthermore, Adani highlighted the progress of the Navi Mumbai Airport, which is preparing for operational readiness by December 2024. The Adani Group’s FY2023 financial performance exhibited substantial growth in total income, EBITDA, and net profit. Adani’s visionary outlook anticipates significant GDP growth for India and a remarkable expansion of the nation’s stock market capitalisation by 2050.