Adani Ports Plans ₹650–750 Billion Capex by 2028-29

Adani Ports and Special Economic Zone Ltd. plans to invest ₹650 billion–₹750 billion in capital expenditure over five years to 2028–2029, the company said in a filing with the exchanges Friday. The proposed investment excludes inorganic expansion both in India and overseas.

Of the total planned capex, India’s largest private sector port operator by capacity aims to spend ₹450 billion–₹500 billion on domestic ports, ₹150 billion–₹200 billion on logistics, and around ₹50 billion on maintenance. The company said the funds will be used to improve operational efficiency, expand capacity, develop an integrated services platform, add marine assets, and upgrade technology.

Adani Ports operates 15 ports in India with a combined capacity of 633 million tonnes, and international ports in Haifa (Israel), Dar-es-Salaam (Tanzania), and Colombo (Sri Lanka). Its board has approved the acquisition of the NQXT terminal at Abbot Point Port in Queensland, Australia.

Cargo volumes in 2024–2025 rose 7% on year to 450.2 million tonnes, slightly below the company’s guidance of 460–480 million tonnes.

In its results for 2024-25, announced on May 1, the company said it had spent ₹110.6 billion in capex and planned another ₹110 billion–₹120 billion in 2025-26. Of this, ₹60 billion is earmarked for domestic ports, ₹20 billion each for logistics and international ports, with the balance to be invested in marine operations, decarbonisation, and technology.

In 2024-25, consolidated revenue rose 14% on year to ₹304.75 billion, EBITDA increased 20% to ₹190.25 billion, and net profit rose 37% to ₹110.92 billion. For 2025-26, Adani Ports expects revenue to rise to ₹360 billion–₹380 billion and EBITDA to ₹210 billion–₹220 billion.