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4
5 = Overview =
6
7 Adani Ports and Special Economic Zone Limited (APSEZ) (NSE:ADANIPORTS) is India’s largest commercial port operator and integrated logistics player.
8
9 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.
10
11 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.{{footnote}}https://www.bseindia.com/bseplus/AnnualReport/532921/5329210319.pdf{{/footnote}}
12
13 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.
14
15 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
16
17 logistics solutions.
18
19 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.
20
21 = Business segments =
22
23 == Ports & Terminals ==
24
25 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals{{/footnote}}
26
27 === Mundra Port, Gujarat ===
28
29 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Mundra-Port{{/footnote}}
30
31 **Facilities**
32
33 * Bulk & Break Bulk
34 * Liquid Cargo
35 * Container Cargo
36 * LPG/LNG Cargo
37 * Crude - Single Point Mooring
38
39 === Tuna Terminal, Gujarat ===
40
41 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Tuna-Terminal{{/footnote}}
42
43 **Facilities**
44
45 * Bulk & Break Bulk
46
47 === Dahej Port, Gujarat ===
48
49 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Dahej-Port{{/footnote}}
50
51 **Facilities**
52
53 * Bulk & Break Bulk
54
55 === Hazira Port, Gujarat ===
56
57 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Hazira-Port{{/footnote}}
58
59 **Facilities**
60
61 * Bulk & Break Bulk
62 * Liquid Cargo
63 * Container Cargo
64
65 === Mormugao, Goa ===
66
67 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Mormugao--Terminal{{/footnote}}
68
69 **Facilities**
70
71 * Bulk Cargo
72
73 === Vizhinjam Port, Kerala ===
74
75 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Vizhinjam-Port{{/footnote}}
76
77 **Facilities**
78
79 * Container Cargo
80
81 === Kattupalli Port, Tamil Nadu ===
82
83 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Kattupalli-Port{{/footnote}}
84
85 **Facilities**
86
87 * Bulk & Break Bulk
88 * Container Cargo
89
90 === Ennore Terminal, Tamil Nadu ===
91
92 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Ennore-Terminal{{/footnote}}
93
94 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.
95
96 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.
97
98 **Facilities**
99
100 * Container Cargo
101
102 === Vizag Terminal, Andhra Pradesh ===
103
104 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/Vizag-Terminal{{/footnote}}
105
106 **Facilities**
107
108 * Bulk Cargo
109
110 === Dhamra Port, Odisha ===
111
112 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.{{footnote}}https://www.adaniports.com/Ports-and-Terminals/dhamra-port{{/footnote}}
113
114 **Facilities**
115
116 * Bulk & Break Bulk
117 * Liquid Cargo - STS
118
119 == Mundra Industrial Land ==
120
121 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.{{footnote}}https://www.adaniports.com/Industrial-Land{{/footnote}}
122
123 == Logistics ==
124
125 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.{{footnote}}https://www.adaniports.com/Logistics{{/footnote}}
126
127 === Logistics Park ===
128
129 * Multi-modal logistics parks at Patli, Kishangarh, Kilaraipur and Kanech
130 * Spread across 400 acres
131 * Terminal capacity ~~400,000 TEUs
132 * Facilities at Malur and Nagpur expected to be operational in 2019
133
134 === Auto Logistics ===
135
136 * Supply Chain solutions for Auto OEMs and ancillaries
137 * State of the art patented equipment for transportation of cars and two-wheelers through multimodal containers
138 * Handling capacity of 72,000 cars per annum
139 * Altering the future of food security in India -
140 * Dedicated RO-RO facility available at Adani Port, Mundra with pre-dispatch storage capacity of 20,000 cars
141
142 === Inland Waterways ===
143
144 * In advance stage of kick starting operations on NW1 and NW2 (Via IBP route)
145 * Scheduled vessels services, including Ro-Ro within NW1 and NW2
146 * Multimodal terminal operations on NW1 and NW2, in near future on PPP (OMD Model)
147
148 === Rail Operations ===
149
150 * Largest Private Train Operator in India
151 * Licensed Container Train Operator holding Category-I License
152 * Fleet of 34 container rakes plus 14 rakes on order
153 * Also operates 7 Grain rakes and 2 BOXN-HN rakes under GPWI scheme
154
155 === Warehousing ===
156
157 * 400,000 sq. ft. of warehousing space across Patli, Kishangarh, Kilaraipur, Mundra, Bhiwandi and Chennai
158 * Options of Bonded Warehouse, DTA Warehousing as well as Cargo specific Warehouses
159 * Warehouse projects being pursued at Taloja, Mundra, Chennai, Khatuwas and Malur.
160
161 === Agri Logistics ===
162
163 * India’s first integrated bulk handling, storage and logistics system for food grains
164 * 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
165 * State-of-the-art Silo and Rail terminals in major cities
166 * Altering the future of food security in India -
167 * Silo terminals have immensely benefitted the farmers, the Government and the end consumers in the Public Distribution System
168
169 == Dredging ==
170
171 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.{{footnote}}https://www.adaniports.com/Dredging{{/footnote}}
172
173 **Major fleet equipment**
174
175 * 12 Cutter suction dredgers (CSD)
176 * 03 Trailing suction hopper dredger (TSHD)
177 * 01 Grab dredger
178 * 04 Inland Cutter suction dredgers (CSD)
179 * 01 Water injection dredger
180 * 01 Specialized dredger for under-berth dredging
181 * 07 Split hopper barges
182 * 02 Jack Up barges
183 * 03 Floating Cranes
184
185 = Awards =
186
187 Mundra Port received “The Samudra Manthan Awards for “Best Private Port of the Year 2019”
188
189 Mundra Port won “Best Port of the Year for Containerized Cargo” at the Gujarat Star Awards 2019.
190
191 = Recent developments =
192
193 **On 27 Dec, 2019:** Adani Logistics Limited (“ALL”), a wholly owned subsidiary of Adani Ports and SEZ Limited (“APSEZ”), has signed definitive agreements to acquire 40.25% stake in Snowman Logistics Ltd. from Gateway Distriparks Ltd.Adani Logistics Limited (“ALL”), a wholly owned subsidiary of Adani Ports and SEZ Limited (“APSEZ”), today announced it has signed definitive agreements to acquire 40.25% stake in Snowman Logistics Ltd. from Gateway Distriparks Ltd.{{footnote}}https://www.adaniports.com/Newsroom/Media-Releases/Adani-Forays-into-Cold-Chain-Logistics-with-INR-296-Cr-acquisition-of-Snowman-Logistics{{/footnote}}
194
195 The purchase price of INR 44 / share represents a 3.2% premium to the market price of December 27, 2019 and a 12% premium to 60 day VWAP.
196
197 As part of the transaction, Adani Logistics will make a mandatory open offer as per the Substantial Acquisition of Shares and Takeover Guidelines, 2011 for a maximum 26% of the public shareholding in the Company.
198
199 Acquisition is subject to customary condition precedents and expected to close by March 31, 2020.
200
201 **On October 17, 2019** – Abu Dhabi National Oil Company (“ADNOC”), Adani Group (“Adani”), BASF SE (“BASF”) and Borealis AG (“Borealis”) have signed a Memorandum of Understanding (MoU) to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. This is the next step of BASF’s and Adani’s investment plans as announced in January 2019. With the inclusion of ADNOC and Borealis as potential partners, the parties are examining various structuring options for the chemical complex that will leverage the technical, financial and operational strengths of each company. The total investment is estimated to be up to $4 billion.{{footnote}}https://www.adaniports.com/Newsroom/Media-Releases/ADNOC-Adani-BASF-and-Borealis-sign-Memorandum-of-Understanding-to-further-evaluate-collaboration{{/footnote}}
202
203 The collaboration includes evaluating a joint world-scale propane dehydrogenation (PDH) plant to produce propylene based on propane feedstock to be supplied by ADNOC. Propylene will be partially used as feedstock for a polypropylene (PP) complex, owned by ADNOC and Borealis, based on proprietary state-of-the-art Borealis Borstar® technology.
204
205 The PP complex will be the first overseas production joint investment by ADNOC and Borealis as part of a strategic framework with their current joint venture Borouge. Furthermore, propylene will be the key raw material for the previously announced acrylics value chain complex comprising glacial acrylic acid (GAA), Oxo-C4 (butanols and 2-ethylhexanol), butyl acrylate (BA) and potentially other downstream products as part of a joint venture of BASF and Adani in which BASF holds a majority.
206
207 = Financial highlight =
208
209 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%.{{footnote}}https://www.adaniports.com/Newsroom/Media-Releases/APSEZ-announces-9M-and-Q3-FY20-Results{{/footnote}}
210
211 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%.
212
213 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.
214
215 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%.
216
217 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.
218
219 Operations at Mundra LNG terminal of 5 MMT capacity commenced from January 2020.
220
221 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.
222
223 == Outlook ==
224
225 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.
226
227 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%.
228
229 = References =
230
231 {{putFootnotes/}}
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