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Adani Ports and Special Economic Zone Limited (APSEZ) is an Indian multinational
port operator A port operator is a port authority or company that contracts with the port authority to move cargo through a port at a contracted minimum level of productivity. They may be state-owned (particularly for port authorities) or privately run. The wo ...
and
logistics Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the Consumption (economics), point of consumption according to the ...
company, part of
Adani Group Adani Group (, ) is an Indian Multinational corporation, multinational Conglomerate (company), conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include port, sea ...
. APSEZ is India's largest private port operator with a network of 12 ports and terminals, including India's first port-based SEZ at
Mundra Mundra is a census town and a headquarter of Mundra Taluka of Kutch district, Kachchh district in the Indian States and territories of India, state of Gujarat. Founded in about the 1640s, the town was an important mercantile centre and port thr ...
and the first deep water
transshipment Transshipment, trans-shipment or transhipment is the shipment of goods or containers to an intermediate destination, then to another destination. One possible reason for transshipment is to change the means of transport during the journey (e.g. ...
port at
Thiruvananthapuram Thiruvananthapuram ( ), also known as Trivandrum, is the Capital city, capital city of the Indian state of Kerala. As of 2011, the Thiruvananthapuram Municipal Corporation had a population of 957,730 over an area of 214.86 sq. km, making it the ...
.


Operations

, APSEZ operated 3 inland container depots (ICD) through its subsidiary Adani Logistics Ltd. In August 2022, they acquired an additional ICD from Navkar Corporation in Tumb, Gujarat. It holds Category 1 License for the
Indian Railways Indian Railways is a state-owned enterprise that is organised as a departmental undertaking of the Ministry of Railways (India), Ministry of Railways of the Government of India and operates India's national railway system. , it manages the fou ...
that helps in pan-India cargo movement. The trains owned by Adani Logistics were used to dispatch 30,000 tonnes of food grains to feed over 60
lakh A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2, 2, 3 convention of digit grouping, it is written as 1,00,000. F ...
citizens across the states of
Tamil Nadu Tamil Nadu (; , TN) is the southernmost States and union territories of India, state of India. The List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of Indi ...
,
Karnataka Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...
,
West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...
, and
Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...
, during the 2020
COVID-19 lockdown During the early stages of the COVID-19 pandemic, a number of non-pharmaceutical interventions, particularly lockdowns (encompassing stay-at-home orders, curfews, quarantines, and similar societal restrictions), were implemented in numero ...
. APSEZ provides dredging and reclamation solutions, primarily for port and harbor construction. The Adani Group started investing in developing a dredging fleet in 2005. , APSEZ operated a fleet of 19 dredgers, the largest capital dredging fleet in India. APSEZ has undertaken
mangrove A mangrove is a shrub or tree that grows mainly in coastal saline water, saline or brackish water. Mangroves grow in an equatorial climate, typically along coastlines and tidal rivers. They have particular adaptations to take in extra oxygen a ...
afforestation activities totalling 2885 Ha () with a survival rate of over 85%. In 2016, the company announced that all ports and townships were being prepared to run on
100% renewable energy 100% renewable energy is the goal of the use renewable resources for all energy. 100% renewable energy for electricity, heating, cooling and transport is motivated by climate change, pollution and other environmental issues, as well as ec ...
by 2018 using a mix of solar and wind energy. In August 2017, a
Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
analysis described APSEZ as "stacking up well compared to its global peers: On operating metrics such as revenue growth, margins, EBIDTA growth, net income growth and return ratios (RoCE/ RoE), and based on bottom-up estimates by Morgan Stanley analysts covering global ports, APSEZ is expected to be in the top quartile across various operating metrics despite the tax holiday for Mundra port coming to an end". Private equity firm
Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...
acquired a 0.49% stake in Adani Ports for on 7 March 2021. In April 2022, it was announced that APSEZ (through its subsidiary, The Adani Harbour Services Ltd.) had acquired the third-party marine services provider, Ocean Sparkle Ltd. In July 2022, APSEZ alongside the Gadot Group won the privatisation bid for
Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...
's
Port of Haifa The Port of Haifa ('';'' ) is the largest of Israel's three major international seaports, the others being the Port of Ashdod, and the Port of Eilat. Its natural deep-water harbor operates all year long and serves both passenger and merchant shi ...
for billion. Where Adani Ports and Gadot Group respectively hold 70%:30% of the shares. In September 2022, Adani Ports secured a billion deep-sea port construction project with the West Bengal government. According to the
Business Standard ''Business Standard'' is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi. Founded in 1975, the newspaper covers the Indian economy, infrastructure, international busi ...
report, In the fiscal year 2023-24, APSEZ managed 420 million metric tonnes (MMT) of cargo, marking a 24% growth. Additionally, APSEZ represents 44% of India's containerized seaborne cargo. In March 2024, APSEZ revealed its acquisition of Gopalpur port in Odisha, situated on India's east coast. The acquisition involved purchasing a 56% stake from the Shapoorji Pallonji Group and a 39% stake from Orissa Stevedores Limited in Gopalpur Port Limited, valued at Rs 3,080 crore. In July 2024, the ratings agency ICRA has upgraded the rating of Adani Ports and Special Economic Zone (APSEZ) to AAA/Stable from AA+/Stable. APSEZ has plans to construct a new port in
Da Nang Da Nang or DanangSee also Danang Dragons (, ) is the fifth-largest city in Vietnam by municipal population. It lies on the coast of the Western Pacific Ocean of Vietnam at the mouth of the Hàn River, and is one of Vietnam's most important p ...
,
Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...
. The proposal got “in-principle approval” from the Vietnamese government. The port will feature container terminals and multipurpose berths to handle wide varieties of cargo. The other foreign ports Managed by the company include
Haifa Haifa ( ; , ; ) is the List of cities in Israel, third-largest city in Israel—after Jerusalem and Tel Aviv—with a population of in . The city of Haifa forms part of the Haifa metropolitan area, the third-most populous metropolitan area i ...
,
Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...
;
Colombo Colombo, ( ; , ; , ), is the executive and judicial capital and largest city of Sri Lanka by population. The Colombo metropolitan area is estimated to have a population of 5.6 million, and 752,993 within the municipal limits. It is the ...
,
Sri Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, ...
; and the
Port of Dar es Salaam The Port of Dar es Salaam (''Bandari ya Dar es Salaam'', in Swahili language, Swahili) is the principal port serving Tanzania located in Kurasini ward of Temeke District, Dar es Salaam, Temeke District of Dar es Salaam Region. The port is one of ...
,
Tanzania Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It is bordered by Uganda to the northwest; Kenya to the northeast; the Indian Ocean to the east; Mozambique and Malawi to t ...
. In August 2024, APSEZ announced acquisition of 80% stake in Astro Offshore for $185 million. This move will help add to its roster of Tier-1 customers.


Ports and terminals

The company commenced operations at Mundra Port and currently operates 15 ports across all Indian states. Its ports have 45 berths and 14 terminals.


Vizhinjam International Seaport Thiruvananthapuram (Trivandrum Seaport)

APSEZ won a bid with the Kerala government to construct the
Vizhinjam International Seaport Thiruvananthapuram Vizhinjam International Seaport Thiruvananthapuram (, ), also known as Port of Trivandrum is India's first deep-water Entrepôt, transshipment port. Located in the city of Thiruvananthapuram, the port is designed to be a multi-purpose, all-we ...
in 2015. While the initial completion date was projected for 2020 the construction has experienced multiple delays due to the COVID-19 pandemic and cyclones. Adani sought an extension to 2024 but this led to disputes with the Kerala government.


Mundra Port

Mundra Port is a deep-water, all-weather, berthing on arrival port in the Gulf of Kutch. With 26 berths and dedicated terminals for different cargo and commodity types, it has an annual capacity to handle 231 MMT cargo. The port is connected to National Highway (NH) network through State Highways 48 via Anjar and SH-6. It has a privately developed rail network of 69  km connecting Adipur to Mundra port, which in-turn provides nationwide connectivity. It is capable of berthing fully loaded Capesize vessels, VLCC and ULCC. It handles dry bulk, break bulk, project cargo, liquid, containers, automobiles, and crude. Since 2013, Mundra Port is India's largest private commercial port and hosts the world's largest coal import terminal. Mundra Port was known for introducing technological advancements that led to a high level of automation to enhance the efficiency of cargo handling. , approximately 20,000 ships had docked at Mundra. Mundra Port had two single-point mooring (SPM) facilities to evacuate crude oil. Efforts to build a new container terminal in Mundra in partnership with French shipping giant CMA Terminals were underway .


West Port

The West Port is mainly designed for coal import and export. To meet the rising demand for coal at Mundra, the Adani Group decided to invest in berth-3 at its West Port and associated coal handling plant including 2x1.36 km long conveyors (ARD-5, ARD-6). This translated into 16.5 MTPA handling of additional coal per annum. Mainly designed by
Larsen & Toubro Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in industrial technology, heavy industry, engineering, construction, manufacturing, power, information technology, defence and financial se ...
.


Krishnapatnam Port

Krishnapatnam Port Company Limited (KPCL) is a multi-cargo facility port located near
Nellore Nellore, also spelt as Nelluru, is a city located on the banks of Penna River, in Nellore district of Andhra Pradesh, India.Andhra Pradesh Andhra Pradesh (ISO 15919, ISO: , , AP) is a States and union territories of India, state on the East Coast of India, east coast of southern India. It is the List of states and union territories of India by area, seventh-largest state and th ...
. KPCL was acquired by Adani Ports in October 2020 for from the CVR Group. Originally, they had a 75% stake but by April 2021 they acquired the remaining 25% stake from Vishwasmudra Holdings.


Karaikal Port

Around May 2021, Adani Ports and Special Economic Zone Ltd (APSEZ) was looking to buy Karaikal port in Puducherry at a valuation of ₹1,500-2,000 crore but multiple sources said that the deal is “not easy” to consummate given the ownership structure and the debt. However, by April 2023, APSEZ completed the acquisition of Karaikal Port, which is an all-weather deep water port developed in an area of 611 acres and commissioned in April 2009.


Hazira Port

The Hazira Port is a deep-water port located in the Gulf of Khambat,
Surat Surat (Gujarati Language, Gujarati: ) is a city in the western Indian States and territories of India, state of Gujarat. The word Surat directly translates to ''face'' in Urdu, Gujarati language, Gujarati and Hindi. Located on the banks of t ...
,
Gujarat Gujarat () is a States of India, state along the Western India, western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the List of states and union territories ...
. The port has been operational since 2005 and is a strategic port for Shell Energy India. Adani developed additional container jetties and multipurpose jetties. However, in 2016, APSEZ faced setbacks to further development due to environmental complaints from the Hazira Fishermen Committee.


Dhamra Port

Dhamra Port, Bhadrak, Odisha is a deep-water, all-weather, multi-user, a multi-cargo port located between
Haldia Haldia () is an industrial port city in Purba Medinipur district in the Indian state of West Bengal. It has a major river port and industrial belt located approximately southwest of Kolkata near the mouth of the Hooghly River, one of the d ...
and
Paradeep Paradeep, also spelled Paradip (originally Paradweep, also spelled Paradwip), is a major industrial seaport town and municipality, nearly 80 km from Cuttack city, in Jagatsinghpur district of Odisha, India. Paradeep was constituted as an NAC o ...
ports on India's eastern coast. It was acquired by Adani in 2014 for Rs 5,500 crore which was the largest port sector deal at the time. It can handle dry bulk, breakbulk, project cargo, and containers. It has an annual capacity of 40 MMT cargo which can go up to 100 MMT in the future. It is located near the mineral belts of
Odisha Odisha (), formerly Orissa (List of renamed places in India, the official name until 2011), is a States and union territories of India, state located in East India, Eastern India. It is the List of states and union territories of India by ar ...
,
Jharkhand Jharkhand (; ) is a States and union territories of India, state in East India, eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north ...
, and
West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...
. It is connected by a 62 km railway line to Ranital Link Cabin which connects the main
Howrah Howrah (; ; alternatively spelled as Haora) is a city in the Indian States and union territories of India, state of West Bengal. Howrah is located on the western bank of the Hooghly River, opposite to its twin city of Kolkata. Administratively ...
-
Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...
line. It features a fully integrated conveyor system for import and export, a coastal circuit for fast cargo transit, and rapid loading silos with 4000 TPH capacity. Situated between
Haldia Haldia () is an industrial port city in Purba Medinipur district in the Indian state of West Bengal. It has a major river port and industrial belt located approximately southwest of Kolkata near the mouth of the Hooghly River, one of the d ...
in
West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...
and
Paradip Paradeep, also spelled Paradip (originally Paradweep, also spelled Paradwip), is a major industrial seaport town and municipality, nearly 80 km from Cuttack city, in Jagatsinghpur district of Odisha, India. Paradeep was constituted as an NAC o ...
in
Odisha Odisha (), formerly Orissa (List of renamed places in India, the official name until 2011), is a States and union territories of India, state located in East India, Eastern India. It is the List of states and union territories of India by ar ...
, the Port is located 215 km from
Bhubaneshwar Bhubaneswar () is the capital and the largest city of the Indian state of Odisha. It is located in the Khordha district. The suburban region, especially the old town, was historically often depicted as ''Chakra Khetra'' and ''Ekamra Khetra'' ( ...
. The port serves as a gateway to
Nepal Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China Ch ...
,
Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...
,
Myanmar Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and has ...
and the entire geopolitical region, including the
ASEAN The Association of Southeast Asian Nations, commonly abbreviated as ASEAN, is a regional grouping of 10 states in Southeast Asia "that aims to promote economic and security cooperation among its ten members." Together, its member states r ...
region.


Dahej Port

The Dahej Port is a deep-water, multi-cargo port in the Gulf of Khambat,
Bharuch Bharuch () is a city at the mouth of the river Narmada in Gujarat in western India. Bharuch is the administrative headquarters of Bharuch District. The city of Bharuch and surroundings have been settled since times of antiquity. It was a shi ...
,
Gujarat Gujarat () is a States of India, state along the Western India, western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the List of states and union territories ...
. It houses two dry and breaks bulk berths and dedicated facilities for handling project cargo. It has a capacity to handle 2
crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...
(20 million)
tonne The tonne ( or ; symbol: t) is a unit of mass equal to 1,000  kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton in the United States to distinguish it from the non-metric units of the s ...
s per year. It handles all kinds of dry bulk and breakbulk cargo including
coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal i ...
,
fertiliser A fertilizer or fertiliser is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrition, plant nutrients. Fertilizers may be distinct from Liming (soil), liming materials or other non- ...
, Agri products, steel cargo, and minerals. Additionally, it is capable of berthing capesize and Panama vessels. Dahej Port has a dedicated railway line that connects to the national railway network and it is also connected to National Highway 8. It is connected to the contiguous industrial hubs of
Gujarat Gujarat () is a States of India, state along the Western India, western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the List of states and union territories ...
,
Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...
and eastern
Madhya Pradesh Madhya Pradesh (; ; ) is a state in central India. Its capital is Bhopal and the largest city is Indore, Indore. Other major cities includes Gwalior, Jabalpur, and Sagar, Madhya Pradesh, Sagar. Madhya Pradesh is the List of states and union te ...
. Dahej Port is equipped with India's first high speed elevated triangular gallery overload conveying system for coal transportation which reduces dust pollution. It accommodates a Ro-Ro Jetty for project cargo movement of 9.8 km long fully integrated high-speed conveyor.


Gangavaram Port

Adani Ports announced on 3 March 2021 that it had acquired a 31.5% stake in Gangavaram Port from Windy Lakeside Investment, an affiliate of Warburg Pincus, for ₹1,954 crore (US$240 million). Adani Ports may acquire a 58.1% stake in Gangavaram Port from DVS Raju Group, for undisclosed amount


Vizag Terminal

APSEZ formerly owned a coal terminal in the
Visakhapatnam Port Visakhapatnam Port is one of twelve major ports in India and the only major port in Andhra Pradesh, located in Visakhapatnam. The port is India's third largest by volume of cargo handled and largest on the Eastern Coast. History Althoug ...
. In 2022, only a few years into a 30-year contract they returned it to the Visakhapatnam Port Authority.


Mormugao Terminal

Mormugao Terminal is a one-berth terminal located on the south-west coast of India. It has a capacity of 7 MMT cargo. It can handle coal cargo, Panamax and capsize vessels. Its main feature is a mechanized material handling system of conveyor systems and stacker cum reclaimers. It is connected to
Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...
and
Karnataka Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...
hinterlands via
South Central Railways South Central Railway (abbreviated SCR) is one of the 19 zones of Indian Railways. The jurisdiction of the zone is spread over the states of Andhra Pradesh, Telangana, Maharashtra, Karnataka. It has three divisions under its administration, wh ...
and
Konkan Railway The Konkan Railway (abbreviated KR) is one of the 19 railway zones in India with its headquarters at CBD Belapur in Navi Mumbai, Maharashtra, India. The Konkan Railway line from Roha to Thokur is operated and maintained by Konkan Railway co ...
s.


Kattupalli Port

Kattupalli Port lies 24 km north of
Chennai Port Chennai Port, formerly known as Madras Port, is the second largest container port of India, behind Mumbai's Jawaharlal Nehru Port also known as Jawaharlal Nehru Port, Nhava Sheva. The port is the largest one in the Bay of Bengal. It is the thir ...
and can handle 18 MMT cargo, including containers, breakbulk, and project cargo. It can berth fully loaded Capesize vessels and container vessels. It has a DPD warehouse within the container for movement of AEO and DPD consignments and a 45,000 sq. ft. warehouse with off-dock CFS. Kattupalli Port is connected to all CFSs/ICDs/SEZs in Chennai for imports and exports.


Kamarajar Port

Kamarajar Port (formerly known as Ennore Port) is a container terminal located in the northern suburbs of Chennai. It can handle 12 MMT cargo. It is connected to the hinterland by roads, including the upcoming EMRIP project and Northern Port Access Road.


Tuna Terminal

In 2012, the Kandla Port Trust (KPT), longtime operator of Kandla Port (20 km to the northeast of Tuna Tekra) proposed to improve access for larger vessels by authorizing construction of a modern, four-berth, deep draft terminal at Tuna Tekra. Kandla Port reached an agreement with Adani Ports & SEZ for construction of a new, mechanized, four-berth terminal with direct unloading facilities for coal, iron ore, and other dry bulk goods. Tuna Port is an all-weather, berthing on arrival port with the largest coal import terminal of 35,000 MT/Day discharge rate near Kandla Port. It has a capacity of 2 crore (20 million) tonnes per year and can handle 1,30,00 DWT vessels at berth. It can handle all kinds of dry bulk and breakbulk cargo including coal, fertilizer, agri-products, steel cargo, and minerals, and it is equipped with a fully integrated high-speed conveyor system. It is connected to National Highway (NH) 8A.


Agardana Shipyard & Terminals

Agardanda Terminal is an under construction 1,50,000 MT Container terminal located in Agardanda,
Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...
which was previously built as a shipyard and container terminal under the agreement with the Maharashtra Maritime Board, State Government of Maharashtra. Adani took over the project in 2021.


Dighi Port

Dighi Port was acquired by APSEZ in February 2021, with the intention of being an alternative to the
Jawaharlal Nehru Port Jawaharlal Nehru Port, also known as JNPT and Nhava Sheva Port, is the second largest container port in India after Mundra Port. Operated by the Jawaharlal Nehru Port Trust Authority (JNPTA), it is located on the eastern shores of Arabian Sea ...
, in
Navi Mumbai Navi Mumbai (; also known as New Bombay, its official name until 1995) is a large city next to Mumbai, located in the Konkan division of the western Indian state of Maharashtra, on the mainland of India. Navi Mumbai is situated in Thane distr ...
.


Gopalpur port

In March 2024, Adani Ports and Special Economic Zone announced the acquisition of a 95% stake in Gopalpur port, located in
Odisha Odisha (), formerly Orissa (List of renamed places in India, the official name until 2011), is a States and union territories of India, state located in East India, Eastern India. It is the List of states and union territories of India by ar ...
, for approximately $162 million. This strategic move aims to enhance Adani Ports' presence along India's east coast. Gopalpur Port, handling a diverse mix of dry bulk cargo such as iron ore, coal, limestone, ilmenite, and alumina, is set to join Adani's expansive port network. This acquisition further supports Adani's goal to achieve cargo volume parity between India's eastern and western coasts and bolsters its integrated logistics framework.


Awards and recognition

In 2019, the organisation won an 'Honorary Special Mention' award at the first-ever National Corporate Responsibility (CSR) Award ceremony. The award was presented by
Finance Minister A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...
Nirmala Sitharaman Nirmala Sitharaman (born 18 August 1959) is an Indian economist, politician and a senior leader of the Bharatiya Janata Party (BJP) serving as the Minister of Finance and Minister of Corporate Affairs of the Government of India since 2019. ...
and her deputy,
Anurag Thakur Anurag Singh Thakur (born 24 October 1974) is an Indian politician from the Bharatiya Janata Party and a Member of Parliament in the Lok Sabha from Hamirpur, Himachal Pradesh. He was former Minister of Sports, Youth Affairs and Minister of ...
.


Controversies


Violation of environmental norms

A committee chaired by Sunita Narain of the
Centre for Science and Environment Centre for Science and Environment (CSE) is a not-for-profit public interest research and advocacy organisation based in New Delhi, India. Established in 1980, CSE works as a think tank A think tank, or public policy institute, is a rese ...
, was set up by the Union
Ministry of Environment and Forests The Ministry of Environment, Forest and Climate Change (MoEFCC) is an Government of India, Indian government Ministry (government department), ministry. The ministry Portfolio (government), portfolio is currently held by Bhupender Yadav, Union ...
to inspect the ship-breaking facility of APSEZ near
Mundra Mundra is a census town and a headquarter of Mundra Taluka of Kutch district, Kachchh district in the Indian States and territories of India, state of Gujarat. Founded in about the 1640s, the town was an important mercantile centre and port thr ...
West Port in Gujarat's Kutch district. The committee, which submitted its report on 18 April 2013, found incontrovertible evidence of destruction, blocking of creeks, and non-compliance of other clearance conditions. Subsequently, on 29 July 2013, a public hearing for the project was held where people from four project-affected villages and nearby locations attended the public hearing at Tunda village in Mundra taluka and posed questions about the project and its impact on the environment. The public hearing was successfully completed with the answers to each question asked by villagers. APSEZ was fines Rs 200 crore by the Ministry of Environment and Forests.


Myanmar activities

On 30 March 2021, the group of activists Justice for Myanmar released a press statement regarding the international activities of Adani Ports & SEZ. They accused Adani of building a container port in
Yangon Yangon, formerly romanized as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar. Yangon was the List of capitals of Myanmar, capital of Myanmar until 2005 and served as such until 2006, when the State Peace and Dev ...
, Myanmar on land leased from the
Myanmar Economic Corporation The Myanmar Economic Corporation (; abbreviated MEC) is one of the two major conglomerate (company), conglomerates and holding companies operated by the Tatmadaw, Burmese military, the other being the Myanma Economic Holdings Limited. The U.S. Tre ...
(MEC), a military-run business conglomerate, which was directly contributing financially to the Myanmar Junta after the 2021 coup. The Australian Broadcasting Corporation corroborated the reporting of Justice for Myanmar including video evidence. MEC and its subsidiaries are sanctioned by US, UK and EU. On 7 March 2022, the
Government Pension Fund of Norway The Government Pension Fund of Norway () is the sovereign wealth fund collective owned by the government of Norway. It consists of two entirely separate sovereign wealth funds: the Government Pension Fund Global (or Norges Bank Investment Mana ...
placed the company under observation due to "unacceptable risk that the company contributes to or is responsible for serious violations of individuals’ rights in situations of war or conflict". In October 2021, APSEZ announced that they would be "exiting the company's investment in Myanmar" after a risk management committee's review.


CWC land grabbing

The Supreme Court of India The Supreme Court of India is the supreme judicial authority and the highest court of the Republic of India. It is the final court of appeal for all civil and criminal cases in India. It also has the power of judicial review. The Supreme Cour ...
overturned an order given by the
Gujarat High Court The Gujarat High Court is the High Court of the state of Gujarat. It was established on 1 May 1960 under the ''Bombay Re-organisation Act, 1960'' after the state of Gujarat split from Bombay State. The seat of the court is Ahmedabad. Establ ...
that allowed Adani Ports SEZ to reportedly take over 34 acres of land owned by
Central Warehousing Corporation Central Warehousing Corporation is a statutory body which was established under ‘The Warehousing Corporations Act, 1962. It is a public warehouse operator established by the Government of India in 1957 to provide logistics support to the agr ...
adjacent to the latter's Mundra Port. The highest court in India issued a rebuke to Gujarat High Court for "adopting dual standards" when making its decision in favour of a business group.


Allegations of stock manipulation

In January 2023,
Hindenburg Research Hindenburg Research LLC was a U.S. investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017. Named after the 1937 ''Hindenburg'' disaster, which they characterize as a human-made avoidable disaster, the ...
published the findings of a two-year investigation claiming that Adani had engaged in
market manipulation In economics and finance, market manipulation occurs when someone intentionally alters the supply or demand of a security to influence its price. This can involve spreading misleading information, executing misleading trades, or manipulating ...
and accounting malpractices. Hindenburg also disclosed that it was holding short positions on Adani Group companies. Bonds and shares of companies associated with Adani experienced a decline in value after the accusations. Adani denied the fraud allegations as 'unfounded and ill intentioned'.


Auditor's concerns

In May 2023, the company's auditor,
Deloitte Deloitte is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along wi ...
, issued a qualified opinion on the company's financial reports, as it could not verify whether certain transactions were with unrelated or related parties. In August 2023, Deloitte resigned as the company's auditor citing its inability to scrutinize the company's transactions with other group companies of which it was not a statutory auditor.


See also

* List of ports in India


References


External links

* * {{DEFAULTSORT:Adani Ports and SEZ Limited 1998 establishments in Gujarat Transport companies established in 1998 Infrastructure in India Adani Group NIFTY 50 BSE SENSEX Indian companies established in 1998 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange