Overview

Adani Ports and Special Economic Zone Limited (APSEZ) (NSE:ADANIPORTS) is India’s largest commercial port operator and integrated logistics player.

The company belong to the distinguished Adani Group with integrated business interests, spanning resources (coal mining and trading), logistics (ports and rail), energy (renewable, thermal power generation and transmission), agricultural commodities and ancillary industries.

The company's 10 domestic ports provide it the unique advantage of being present in six maritime states, namely Gujarat, Goa, Andhra Pradesh, Tamil Nadu, Kerala and Odisha. The company's operational facilities are equipped with advanced cargo handling capabilities, which are state-of-the-art and can handle large vessels calling at Indian ports.1

At APSEZ, the company manage the complete logistics chain – from vessels management to anchorage pilotage, tug pulling, berthing, goods handling, internal transport, storage and handling, processing and final evacuation by road or rail.

Over the years, APSEZ has evolved from a port-focused organisation to a customer-facing integrated port infrastructure services, fostering alliances with leading Indian businesses to provide comprehensive

logistics solutions.

With expertise in providing end-toend logistics solutions, operational excellence, low-cost operations and synergies through its acquisitions, its Company is backed by a young and dynamic workforce.

ADANIPORTS0.jpg

Business segments

Ports & Terminals

Adani Ports and Special Economic Zone Limited (APSEZ Ltd.) is India’s largest private port operator and an end-to-end logistics provider. In less than two decades, APSEZ has built, acquired and developed an unparalleled portfolio of ports infrastructure and services across India. The company's 10 strategically located ports and terminals represent 24% of the country’s port capacity, demonstrating its vision that when it comes to servicing core national needs, Adani Ports is prepared with scale, scope and speed.2

Mundra Port, Gujarat

An infrastructural marvel, the mega port at Mundra is a major economic gateway that caters to the northern hinterland of India with multimodal connectivity. The deep draft, all-weather port is the largest commercial port in India with state-of-the-art infrastructure, Largest Coal Import Terminal which gives faster cargo evacuation and minimal turnaround time.3

Facilities

  • Bulk & Break Bulk
  • Liquid Cargo
  • Container Cargo
  • LPG/LNG Cargo
  • Crude - Single Point Mooring

Tuna Terminal, Gujarat

Tuna Terminal handles all types of dry bulk cargo including coal, fertilizers, minerals, industrial salt and agriculture products. The Terminal has fully mechanized, highly automated dry bulk cargo handling facility with a fully mechanized closed warehouse to handle agro and fertilizer imports. Situated in the vicinity of Kandla port, Tuna has an all-weather berthing facility with a deep draft. It also enjoys proximity to to the Central and North-west hinterland of India.4

Facilities

  • Bulk & Break Bulk

Dahej Port, Gujarat

Dahej port is deep water, multi-cargo port which is located in the Gulf of Khambhat. It is strategically situated on international maritime routes and provides easy access to the dense industrial hubs of Gujarat, Maharashtra and Madhya Pradesh. This makes it the preferred port for the cargo hubs functioning in the northern and western states and union territories of India.5

Facilities

  • Bulk & Break Bulk

Hazira Port, Gujarat

Adani Hazira Port Pvt. Ltd. (AHPPL) handles all types of cargo including bulk, break-bulk, bulk liquid chemicals, petroleum products & edible oil, containers, automotive and crude. In addition to its proximity to the Delhi-Mumbai Industrial Corridor , one of the world’s largest high-tech industrial zones AHPPL has excellent multimodal connectivity to the northern, north-western and central parts of India. It also provides a convenient international trade gateway to Europe, Africa, America and the Middle East.6

Facilities

  • Bulk & Break Bulk
  • Liquid Cargo
  • Container Cargo

Mormugao, Goa

Adani Mormugao Port Terminal Pvt. Ltd. (AMPTPL) Terminal is a fully mechanized coal handling facility capable of handling panamax and capsize vessels. AMPTPL is a strategically located coal terminal on the South West coast of India. AMPTPL is a part of the protected open type natural harbor in the state of Goa.7

Facilities

  • Bulk Cargo

Vizhinjam Port, Kerala

Vizhinjam Port is a deep draft, all-weather port that is today the largest commercial port of India with a high degree of mechanisation. In fact, it is the only port in the country with handling and storage facilities for crude oil, containers, dry bulk, break bulk, automobiles and liquid cargo. Vizhinjam can berth the largest post panamax vessel and can handle four million TEUs or Twenty feet Equivalent Unit.8

Facilities

  • Container Cargo

Kattupalli Port, Tamil Nadu

Adani Kattupalli Port Private Limited (AKPPL) is a modern port in north Chennai and a tailor-made alternative for cargo owners over the congested Chennai port. Located outside city limits, AKPPL offers 24x7 congestion-free approach roads for seamless movement of cargo. It is also an Authorised Economic Operator (AEO) offering a wide basket of service such as a dedicated yard for Direct Port Delivery clearance, Direct Port Entry for factory stuffed/self-sealed export-laden containers and flexible carting. It is well connected to cargo clusters, national highways and container freight stations.9

Facilities

  • Bulk & Break Bulk
  • Container Cargo

Ennore Terminal, Tamil Nadu

Adani Ennore Container Terminal (AECT) is a state-of-the art box terminal 30 km north of Chennai Port. Dubbed as ‘New Gateway to Chennai’, AECT is an ideal alternative to the congested Chennai Port operating within the city.10

Located strategically AECT offers 24x7 congestion-free approach roads for seamless cargo movement and on-dock rail siding services to Bengaluru presenting deep hinterland reach. It’s also well connected to all Container Freight Stations (CFSs) in the primary hinterland of Chennai and 4 National Highways.

The Company operates three logistics parks in Haryana, Punjab and Rajasthan through its subsidiary, Adani Logistics Limited (ALL). When it comes to servicing core national needs, APSEZ is prepared with scale, scope and speed.

Facilities

  • Container Cargo

Vizag Terminal, Andhra Pradesh

Developed to handle steam coal in the inner harbor of Visakhapatnam Port, the Adani Vizag Port Terminal is a fully mechanized facility with a coal storage yard of 25 acres.11

Facilities

  • Bulk Cargo

Dhamra Port, Odisha

Dhamra is one of the deep draft ports of India which can accommodate super cape-size vessels. It is an all-weather, multi-user, multi-cargo portpoised to become the largest and most efficient port in the east coast of India. Situated between Haldia and Paradeep, Dhamra Port is in close proximity to the mineral belt of Orissa, Jharkhand and West Bengal offers deepened hinterland connectivity and operational efficiency.12

Facilities

  • Bulk & Break Bulk
  • Liquid Cargo - STS

ADANIPORTS1.jpg

Mundra Industrial Land

Spanning over an area of 15,000 hectares, located on the Western coast of India's Gulf of Kachchh, in the vibrant, industrialised and investor friendly state of Gujarat, Mundra Economic Hub is the gateway for Indian exports and imports. mundra has accrued advantages of an efficient private seaport, logistical connectivity, economic benefits and allied infrastructure.13

Logistics

Adani Logistics Limited (ALL) is a pan India end-to-end logistics services provider – asset and service based – across Container, Bulk, Breakbulk, Chemical, Auto and Liquid industries. ALL has developed and operates, multi-modal logistics parks at Patli, Kishangarh, Kilaraipur and Kanech. ALL is the largest private rail operator in the country with a fleet of 34 container rakes (additional 14 container rakes on order). The Company also operates 7 Grain rakes and 4 BOXN-HN rakes under GPWIS scheme.14

Logistics Park

  • Multi-modal logistics parks at Patli, Kishangarh, Kilaraipur and Kanech
  • Spread across 400 acres
  • Terminal capacity ~400,000 TEUs
  • Facilities at Malur and Nagpur expected to be operational in 2019

Auto Logistics

  • Supply Chain solutions for Auto OEMs and ancillaries
  • State of the art patented equipment for transportation of cars and two-wheelers through multimodal containers
  • Handling capacity of 72,000 cars per annum
  • Altering the future of food security in India -
  • Dedicated RO-RO facility available at Adani Port, Mundra with pre-dispatch storage capacity of 20,000 cars

Inland Waterways

  • In advance stage of kick starting operations on NW1 and NW2 (Via IBP route)
  • Scheduled vessels services, including Ro-Ro within NW1 and NW2
  • Multimodal terminal operations on NW1 and NW2, in near future on PPP (OMD Model)

Rail Operations

  • Largest Private Train Operator in India
  • Licensed Container Train Operator holding Category-I License
  • Fleet of 34 container rakes plus 14 rakes on order
  • Also operates 7 Grain rakes and 2 BOXN-HN rakes under GPWI scheme

Warehousing

  • 400,000 sq. ft. of warehousing space across Patli, Kishangarh, Kilaraipur, Mundra, Bhiwandi and Chennai
  • Options of Bonded Warehouse, DTA Warehousing as well as Cargo specific Warehouses
  • Warehouse projects being pursued at Taloja, Mundra, Chennai, Khatuwas and Malur.

Agri Logistics

  • India’s first integrated bulk handling, storage and logistics system for food grains
  • Aimed at minimizing post-harvest losses and improving the operational efficiency, it provides seamless end-to-end bulk supply chain to the Food Corporation of India
  • State-of-the-art Silo and Rail terminals in major cities
  • Altering the future of food security in India -
  • Silo terminals have immensely benefitted the farmers, the Government and the end consumers in the Public Distribution System

Dredging

Adani Ports and Special Economic Zone Ltd (APSEZL) provides Dredging and Reclamation solutions primarily for port and harbor construction. The Adani Group started investing in developing a dredging fleet in 2005 to achieve planned high paced growth in the port sector. It has been a major success story since then and APSEZL today operates a large fleet of 23 dredgers and of the largest capital dredging capacity in India.15

Major fleet equipment

  • 12 Cutter suction dredgers (CSD)
  • 03 Trailing suction hopper dredger (TSHD)
  • 01 Grab dredger
  • 04 Inland Cutter suction dredgers (CSD)
  • 01 Water injection dredger
  • 01 Specialized dredger for under-berth dredging
  • 07 Split hopper barges
  • 02 Jack Up barges
  • 03 Floating Cranes

Awards

 Mundra Port received “The Samudra Manthan Awards for “Best Private Port of the Year 2019”

 Mundra Port won “Best Port of the Year for Containerized Cargo” at the Gujarat Star Awards 2019.

Financial highlight

Total Operating Revenue on a year on year basis grew by 14 % from Rs.7,843 cr. in 9M FY19 to Rs.8,952 cr. in 9M FY20. This is primarily on account of Port revenue increasing by 11% and revenue from logistic operations increasing by 56%.16

Increased cargo volume and ability to maintain realization enabled core EBITDA to grow by 15% from Rs.5,135 cr. in 9MFY19 to Rs.5,921 cr. in 9M FY20. EBITDA margins for 9M FY 20 expanded by 100 bps to 66%.

Profit before Tax increased by 13% from Rs.3,543 cr. in 9M FY19 to Rs.3,987 cr. in 9M FY20. Similarly, Profit after Tax increased by 27% from Rs.2,706 cr. in 9M FY19 to Rs.3,439 cr. in 9M FY20.

Ports across all the three regions registered strong growth. Dhamra the eastern port of APSEZ registered a growth of 44%, Kattupalli the southern port registered a growth of 23%. Western ports of Hazira registered a growth of 9% and Mundra grew by 3%.

In Q3 FY20, seven new container services were added, five at Mundra and one each at Ennore, Hazira. The incremental container volume on account of these additional services will be approximately 4,00,000 TEUs annually.

Operations at Mundra LNG terminal of 5 MMT capacity commenced from January 2020.

Krishnapatnam acquisition is on track and expected to be completed in Q1 FY21. The equity portion of Rs.5,520 cr. will be funded through internal accruals and existing cash balances.

Outlook

Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said “KPCL is a crown jewel to join APSEZ's string of 10 networked ports. This acquisition would accelerate its stride towards FY25 vision of handling 400 MMT of cargo. Given the best-in-class infrastructure and the distinct hinterland catered by KPCL, this acquisition will add remarkable value to its pan-India footprint.

APSEZ with its pan India presence has been continuously outperforming Indian cargo volume growth. The company's focus on diversifying cargo mix continues. Gas (LNG, LPG) being the newest commodity added this quarter to the cargo basket. In FY20, the company expect to achieve cargo volume of 224-226 MMT, Revenue growth of around 13% and EBIDTA growth of around 14%.

Recent developments

Adani Ports acquires 31.5% stake in Gangavaram Port for Rs 1,954 crore 17

March 03, 2021; Adani Ports and SEZ Ltd (APSEZ) is acquiring 31.5 percent stake held by Windy Lakeside Investment - an affiliate of Warburg Pincus - in Gangavaram Port (GPL), the company said on March 3.

The acquisition is valued at Rs 1,954 crore and subject to regulatory approvals.

As per the finalised agreement, Adani Ports would be acquiring 16.3 crore shares of Warburg Pincus in GPL, at a price of Rs 120 each, said an official press release.

With the completion of this deal, APSEZ, a key subsidiary of the diversified Adani Group, has expanded its market share to above 30 percent at 12 locations across India.

The company is also in discussion with DVS Raju and family for their 58.1 percent stake - approximately 30 crore shares in GPL. The remaining 10.4 percent stake in the port is held by the Andhra Pradesh government.

The GPL is located in the northern part of Andhra Pradesh, next to Vizag Port. It is the second largest non-major port in the state with a 64 MMT capacity established under concession from the Government of Andhra Pradesh (GoAP) that extends till 2059.

Currently, GPL operates 9 berths and has free hold land of around 1,800 acres, APSEZ said in its statement, adding that with a master plan capacity for 250 MMTPA with 31 berths, GPL has sufficient headroom to support future growth.

"In FY20, GPL had a cargo volume of 34.5 MMT, generated revenue of Rs 1,082 crore, EBITDA of Rs 634 crore (margin of 59 percent) and PAT of Rs 516 crore," the APSEZ statement said, further noting that GPL is "debt free" with cash balance of over Rs 500 crore.

"The acquisition of GPL is a part of our continued strategy to build out a port and logistics network that is unmatched in its ability to serve customers across the nation," Karan Adani, CEO and Whole Time Director of APSEZ, said.

"We believe that GPL holds great potential to complement its bulk cargo terminals with new cargo categories that we intend to develop. The port provides us great access to an adjacent hinterland that was largely untapped by APSEZ thereby placing us in a position to serve a broader set of port customers as well as expand our overall hinterland logistics footprint for a much larger base of customers," he further added.

Vishal Mahadevia, Managing Director of Warburg Pincus India, said the company "looks forward to the port’s continued success in partnership with the Adani Group".

"Warburg Pincus has been a supportive partner in this journey, and we look forward to the Adani Group’s contributions in the next phase of the port’s growth," DVS Raju, Chairman of Gangavaram Port, said.

References

  1. ^ https://www.bseindia.com/bseplus/AnnualReport/532921/5329210319.pdf
  2. ^ https://www.adaniports.com/Ports-and-Terminals
  3. ^ https://www.adaniports.com/Ports-and-Terminals/Mundra-Port
  4. ^ https://www.adaniports.com/Ports-and-Terminals/Tuna-Terminal
  5. ^ https://www.adaniports.com/Ports-and-Terminals/Dahej-Port
  6. ^ https://www.adaniports.com/Ports-and-Terminals/Hazira-Port
  7. ^ https://www.adaniports.com/Ports-and-Terminals/Mormugao--Terminal
  8. ^ https://www.adaniports.com/Ports-and-Terminals/Vizhinjam-Port
  9. ^ https://www.adaniports.com/Ports-and-Terminals/Kattupalli-Port
  10. ^ https://www.adaniports.com/Ports-and-Terminals/Ennore-Terminal
  11. ^ https://www.adaniports.com/Ports-and-Terminals/Vizag-Terminal
  12. ^ https://www.adaniports.com/Ports-and-Terminals/dhamra-port
  13. ^ https://www.adaniports.com/Industrial-Land
  14. ^ https://www.adaniports.com/Logistics
  15. ^ https://www.adaniports.com/Dredging
  16. ^ https://www.adaniports.com/Newsroom/Media-Releases/APSEZ-announces-9M-and-Q3-FY20-Results
  17. ^ https://www.moneycontrol.com/news/business/adani-ports-acquires-31-5-stake-in-gangavaram-port-for-rs-1954-crore-6600571.html
Created by Asif Farooqui on 2020/04/13 06:12
     
This site is funded and maintained by Fintel.io