Adani Ports and Special Economic Zone Ltd: Anchoring Growth in Maritime Excellence

Adani Ports and Special Economic Zone Ltd: is an Indian multinational port operator and logistics company, based in Ahmedabad, India.

Today Adani Ports and Special Economic Zone Limited share price: 1,272.40 INR

Adani Ports and Special Economic Zone Limited is an Indian-based multinational company specializing in port operations and logistics. The company is headquartered in Ahmedabad, India.

CEO: Karan Adani (1 Jan 2016–)

Founded: 26 May 1998

Founder: Gautam Adani

Headquarters: India

Number of employees: 2,959 (2023)

Parent organization: Adani Group

Revenue: 22,405 crores INR (US$2.8 billion, 2023)

Company History – Adani Ports and Special Economic Zone

We were officially established as Gujarat Adani Port Limited on May 26, 1998, and initiated phased operations at Mundra Port in October 1998, with full commercial operations commencing in October 2001. Initially promoted by Adani Port Limited and Gujarat Port Infrastructure Development Company Limited, an entity under the Government of Gujarat, we entered into a Concession Agreement with the Gujarat Maritime Board (GMB) and the Government of Gujarat on February 17, 2001. According to this agreement, we were granted the rights to develop and operate Mundra Port, situated on Navinal Island in the Kutch region, for a duration of 30 years.

Following a High Court of Gujarat order, Adani Port Limited was merged with us effective from April 1, 2003. Additionally, MSEZ and ACL were merged with us, taking effect from April 1, 2006.

Approval as a developer for a multi-product Special Economic Zone (SEZ) in Mundra and the surrounding areas was granted by the Government of India on April 12, 2006. Notification from the Government of India regarding land covering 2,406.8 hectares (approximately 5,947 acres) was received on June 23, 2006. A subsequent notification on July 3, 2007, added an extra 251.4 hectares, bringing the total to 2,658.2 hectares (approximately 6,568 acres). Such notifications are issued once the developer takes possession of the land. As we continue to acquire more land in and around Mundra, we anticipate receiving additional notifications for the newly acquired areas.

To emphasize the importance of our Special Economic Zone (SEZ) status and the evolving nature of our business, we officially changed our name from Gujarat Adani Port Limited to Mundra Port and Special Economic Zone Limited on July 7, 2006.

2010

A dedicated 1.5 km-long four-lane Road over Bridge (RoB) has been constructed at a cost of Rs. 50 crore. This marks the first privately developed four-lane RoB within a port area in India, designed to withstand a load of 100 metric tons, enhancing the efficiency and speed of cargo movement.

Largest Container vessel handled at Mundra for the first time in  India (LOA 332 Mtr berthed at Container Terminal on the 11th of Oct�10 with an arrival draft of 14.52 m.)

-Commissioning of the mini ship yard – First of its kind Mini  Shipyard using balloon technology. This has been designed and operationalised at Mundra primarily to cater to tugs, dredgers an  Offshore Supply boats upto 100 mtrs in length.

-Operationalised the world�s largest automated import Coal Terminal having 60 MnT capacity

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2011

-Mundra Port and SEZ crosses a record 50 MT Cargo handling – mark in 2010-11

– Mundra Port manages and operates the biggest private port in India  has scored yet another first in the annals of Indian port business.

– Completion of Acquisition of Abbot Point X 50 Coal Terminal (APCT)

– Mundra Port handles record fertiliser cargo of about 1 million tonnes in November.

 2012

– Change of name of the Company from ‘Mundra Port and Special Economic Zone Ltd. to Adani Ports and Special Economic Zone Ltd.

– Dahej Port Commissions 2nd Jetty in South Gujarat.

– Adani Port signs MoU with US-based Port of Baltimore to increase bilateral trade

– Adani Port and Special Economic Zone bags Rs 1,200 cr bulk terminal project at Kandla.

 2013

-Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate  a new container terminal in Mundra

-Adani Ports signs MOU with Belgian Port of Zeebrugge

-APSEZ begins liquid cargo handling at Hazira

-Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate a new container terminal in Mundra

-Adani Ports & Speci – Mundra Port sets a new record in coal handling  in India

 2014

-Adani Ports Acquires Dhamra Port

-Adani Ports & SEZ gets Environmental, CRZ nod for Mundra SEZ

 2015

-Adani Ports and Special Economic Zone Ltd – Adani Group announced Scheme of Arrangement

-Adani Ports and Special Economic Zone Ltd, has commissioned a bulk terminal at Tuna Tekra, Kandla Port

-Adani Ports & Special Economic Zone Ltd  ppdates on Composite Schem  of Arrangement

-Adani Ports and Special Economic Zone Ltd has receives �Letter of  Award� for Vizhinjam Port Project in Kerala

-India Ratings and Research (Ind-Ra) has assigned Adani Ports and Special Economic Zone (APSEZL) a rating of IND A1+

-Adani Ports & Special Economic Zone and Larsen & Turbo (L&T) have signed a pact to oversee operations of Kattupalli Port in Tamil Nadu

 2016

-Adani Ports & Terminal Investment to jointly develop a major transhipment hub at Mundra.

-APSEZ enhances its operational foothold- Signs agreement to acquire  a company conducting ports operations.

-Adani Ports & Special Economic Zone Ltd Share Purchase Agreement for acquisition of TM Harbour Services Private Limited.

 2017

-Adani Ports & Special Economic Zone Ltd has raised USD 500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds  for funding SEZ project.

-Adani Ports and Special Economic Zone has raised Rs 1,000 crore through allotment of non-convertible debentures on private placement basis.

-Adani Ports and Special Economic Zone (APSEZ) has signed a joint  venture pact with French shipping giant CMA CGM to operate a new container terminal at Mundra Port for next 15 years.

-Adani Ports and Special Economic Zone Ltd. has  incorporated a wholly owned subsidiary company Adani International Terminals Pte. Ltd on June 30, 2017.

-Adani Ports and Special Economic Zone has raised Rs 1600 crore by  allotment of rated, listed, secured, redeemable, non-convertible debentures (NCDs) on private placement basis.

 2018

-Adani and Total Join Forces to become a major integrated downstream  player in the Indian Energy Market

-Adani Ports signs a long term regasification pact with GAIL (India)  Ltd. for Dhamra LNG terminal

-APSEZ completes acquisition of Kattupalli port � Southern India�s new EXIM gateway – from L&T

-Adani Ports signs a long term regasification pact with Indian Oil  for Dhamra LNG terminal.

 2019

-Adani Forays into Cold Chain Logistics with INR 296 Cr acquisition of Snowman Logistics

 Dec 27, 2019

-Adani becomes 1st Indian port operator to record 200 MMT cargo movement.

 2020

-APSEZ receives Management band in CDP 2020.

-APSEZ Ranks 14th in the Transportation and Transportation  Infrastructure Sector of Dow Jones Sustainability Emerging Markets Index, 2020.

-Adani Ports and SEZ Ltd. completes Rs. 12000 cr acquisition of  Krishnapatnam Port Company Ltd. (KPCL).

-APSEZ becomes the first Indian port to sign up for Science Base  Targets Initiative (SBTi)

 2021

-APSEZ fully unlocks India�s eastern hinterland with Rs. 6,200 Cr acquisition of Gangavaram Port

-Adani Ports achieves highest ever quarterly volume growth of 83% & EBITDA of 82%. Fundamentals continue to get stronger.

-Adani Ports and Special Economic Zone (APSEZ) becomes India�s first  infrastructure company to raise 20-year money from international markets.

-Flipkart enters into Strategic Partnership with Adani Group to Strengthen Logistics and Data Centre Capabilities

-Adani Ports increases its ownership from 75% to 100% in Krishnapatnam Port by acquiring Vishwasamudra Holdings� 25% stake for Rs. 2,800 Crs.  Apr 05, 2021.

2022

-Adani Ports and Special Economic Zone receives the top ranking in Moody’s Global ESG rating.

-Adani Ports acquires 49.38% stake in Indian Oiltanking Ltd for Rs  1,050 Cr.

-Adani Logistics Ltd acquires ICD Tumb (Vapi) from Navkar Corporation Ltd.

-AD Ports Group And Adani Ports And SEZ Ltd Sign MoU For Joint  Infrastructure Investments In Tanzania.

-Adani acquires India�s largest marine services company Ocean Sparkle.

COVID-19 Updates

The Adani Ports and Logistics has been working seamlessly to ensure that Indian homes are never devoid of essential goods despite the preventive lockdown to curb the spread of COVID-19. Click below to know more about the Adani Group’s pan-India COVID19 relief measures.

Fighting COVID with Kindness

Since the world became aware of the serious implications of the Coronavirus outbreak, various stakeholders from different sectors of society have been working to protect themselves from COVID-19.

Governments in India, both at the central and state levels, implemented unprecedented measures to safeguard the population of the most populous democracy from the pandemic. Amid this global humanitarian crisis, India’s private sector, including large corporations, SMEs, and small traders, has joined forces with the government in the battle against the Novel Coronavirus.

The Adani Group, which has been in solidarity with the Indian government in the fight against the pandemic from the beginning, intensified its efforts on an unprecedented scale with the onset of the second wave in India. The diversified infrastructure giant mobilized all available resources, including personnel, logistics, ports, and airports, to contribute to this nationwide fight against the virus.

Strengthening Crucial Oxygen Procurement and Supply Infrastructure

The Adani Group took proactive steps to secure vital supplies, particularly medical oxygen and transportable cryogenic containers, amidst a shortage faced by hospitals and COVID treatment facilities nationwide. The insufficient number of cryogenic tanks for transporting liquid oxygen has contributed to the alarming shortfall in oxygen supplies.

Leveraging its international connections, the Adani Group successfully procured numerous cryogenic tanks, each carrying substantial quantities of liquid oxygen, from leading manufacturers in countries such as Saudi Arabia, Thailand, Singapore, Taiwan, and Dubai. This effort was facilitated with the support of Indian diplomatic missions. The addition of these cryogenic tanks addresses the critical need for infrastructure to manage the country’s medical oxygen requirements.

While some of these large cryogenic tanks were transported through the Group’s Mundra Port in Gujarat, others were airlifted into the country with the assistance of the Indian Air Force, utilizing its largest transport aircraft for time-sensitive operations. The group is collaborating with the Indian Armed Forces to enhance oxygen infrastructure at military hospitals, establishing high throughput oxygen generator plants, and supplying hundreds of modular, ready-to-use oxygen concentrators to hospitals.

In the ongoing search for additional cryogenic tanks, those already imported are actively involved in transporting liquid oxygen continuously, adhering to distribution lists and government directives on its usage.

The organization’s rail and road logistics infrastructure played a crucial role in the efficient last-mile delivery of these life-saving supplies. Collaborations with global oxygen producers like Linde and Air Products enable the swift refilling and dispatch of liquid oxygen to various parts of India.

In addition to refilling and distributing thousands of medical oxygen cylinders daily in several states and districts, the Adani Group announced priority berthing and unloading for vessels carrying COVID-related cargo at Adani Ports. Furthermore, the group waived storage, handling, and vessel-related charges to expedite the process.

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Healthcare Initiatives

In Gujarat, where the Adani Group is headquarter, there has been a heighten focus on providing direct medical care. To alleviate the strain on Ahmedabad hospital infrastructure, the Adani Foundation transformed the Adani Vidya Mandir school into an emergency COVID Care Centre with oxygen support and provided catered food. This first-responder care facility is staff with doctor, nurse, paramedi, and support staff, catering to infect and moderately ill COVID patient. Isolating patients during their most infectious period helps break the chain of infection and significantly curtails the spread of the disease.

In Kutch, India’s largest district, the GAIMS (Gujarat Adani Institute of Medical Sciences) in Bhuj leads the battle against COVID. The Adani Foundation upgraded and converted GAIMS into a 100% COVID hospital with all 800 beds equipped with oxygen support. The hospital serves as a medical oasis for thousands of people in Kutch and its neighboring districts. In a short span, four oxygen plants were constructed, in addition to the supply of liquid oxygen. Despite personal grief and loss among hospital personnel, many continue to work 12 to 14 hours each day.

Similarly, the Adani Hospital in Mundra underwent upgrades to become a 100% COVID hospital, featuring an additional CT-scanner for faster COVID diagnosis. Bed capacity has been doubl, and all bed are now equipp with oxygen support. This hospital caters not only to Mundra residents but also to those from 20 neighboring villages with limited medical care alternatives.

The Noida Indoor Stadium and Shooting Range were converted into an Emergency COVID Care center. Within the Adani Group’s operations, all employees and their family members are included in the Group’s free vaccination program. The vaccination drive has been extended to encompass thousands of people living in and around the corporate headquarters at Shantigram in Ahmedabad.

Financial aid – INR 114 Crores donated to central and state governments of India

On March 29, 2020, Mr. Gautam Adani, Chairman of the Adani Group, announced that the Adani Foundation, the group’s CSR arm, donated Rs. 100 crores (USD 15.62 Mn) to the PM’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). The donation aimed to assist the government in procuring essential relief materials, conducting tests for Novel Coronavirus-infected individuals, and providing protective gear for frontline heroes such as healthcare professionals and security personnel.

Subsequently, the Adani Foundation also contributed Rs. 1 crore (USD 131,849) to the Maharashtra CM Relief Fund and Rs. 5 crore (USD 659,249) to the Gujarat CM Relief Fund. Additionally, the foundation made contributions to the Kattupalli District Collector COVID-19 Fund and the Bhadra District Administration.

Partnering with Iskcon Dwarka, the Adani Foundation donated Rs. 50 lakh (USD 65,924) to support feeding underprivileged people in Delhi. Iskcon Dwarka provides daily meals to around 100,000 people in the capital city of India, with the aim of benefiting up to 400,000 beneficiaries every day.

Simultaneously, Adani Parivaar, the Adani Group’s workforce in India, volunteered to contribute around Rs. 4 crores (USD 527,399) towards nationwide efforts in battling Coronavirus. Touched by this gesture, the Adani Foundation added Rs. 4 crores to the proceeds, contributing another Rs. 8 crores (USD 1.05 Mn) in support of COVID-19 crisis mitigation activities.

Adani Power also contributed Rs. 1 crore (USD 131,849) to the Chief Ministers Relief Fund of Jharkhand.

Aligning with the Adani Foundation’s vision to extend COVID-19 relief aid across the country, on April 13, 2020, it contributed INR 2 Cr (USD 261,582) to the Andhra Pradesh Chief Minister Fund.

Independent businesses also joined the efforts, with Adani Ports and Special Economic Zones Ltd., the ports and logistics business of the group, contributing Rs. 5 Cr. (USD 653,956) to the Kerala CM Relief Fund on April 13, 2020.

Relief Material Distribution – Masks, Ventilators, Protective Gear, and Food

In the ongoing battle against the COVID-19 outbreak in India, the Adani Foundation, spearheading pan-India relief activities on behalf of the Adani Group, has been complementing government efforts to ensure public safety.

The foundation has donated 100 ventilators, along with Personal Protective Equipment (PPEs) and N-95 masks, to the Ahmedabad Municipal Corporation. Additionally, women cooperative group, support by Adani Saksham (the Adani Skill Development unit), have been mobiliz to produce a large number of safety mask for free distribution at remote location acros the country.

Community kitchens and canteens activated at various sites have provided healthy meals to hundreds of people. Over 11,000 food and ration packet are distribut daily in Mundra (Gujarat), Godda (Jharkhand), Kawai (Rajasthan), Dhamra (Odisha), and Vizhinjam (Kerala). Approximately 21,000 laborer and individual in rural communiti receive meal each day. The foundation is also supplying ration supplies to community kitchens working tirelessly to feed communities.

On April 10, in line with its focus on immediate assistance for on-the-ground COVID-19 combat efforts. The Adani Foundation contributed 10,000 Personal Protective Equipment (PPE) kits to the government of India.

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National Duty Heroes – Essential Deliveries Continue Uninterrupted

Despite the preventive lockdown enforced in 2020, a dedicated workforce from the Adani Group. Stationed at ports, power plants, transmission sites, edible oil refineries, residential townships. And city gas distribution businesses, has been working seamlessly. Their efforts ensure that essential goods and services reach Indian homes without disruption. Some businesses took additional community measures, such as disinfectant spraying at villages near the Hazira and Mundra ports.

Noteworthy stories of innovation emerged during this period. For instance, a team of engineers at Adani Ports in Vizag developed. A sanitized water shower in just 4 hours for everyone’s use. Adani Gas partnered with the Ahmedabad Municipal Corporation to deliver essentials across the city. Utilizing hundreds of CNG-run autos fueled at Adani Gas stations for this social cause.

Residential townships managed by Adani Realty are ensuring the availability of essential supplies. Promoting the safety of residents in their homes. Stringent social distanc measur at shopping arcad have been enforc, ensuring maximum safety during the lockdown period.