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Adani Ports and Special Economic Zone, also known as APSEZ, is among India’s leading port operators. The company is also engaged in the logistics business. APSEZ is part of the Indian multinational corporation, Adani Group. The Adani Group started as a commodity trading firm and has grown to become one of the largest conglomerates in India in terms of market capitalisation. The story of APSEZ began when Adani Group decided to venture into port operations in the late 1990s. The company partnered with the government of Gujarat to develop the Mundra Port in the Kutch region of the state. APSEZ was incorporated as Gujarat Adani Port Limited in 1998. The company was jointly promoted by Adani Ports Limited, an Adani Group firm and the Gujarat government through Gujarat Port Infrastructure Development Company Limited. Mundra Port commenced commercial operations in 2001. Two years later, Adani Ports Limited merged with Gujarat Adani Port Limited. 2006 was a significant year for the company when it got a nod from the government to develop a Special Economic Zone (SEZ) at Mundra. Following this, the company rebranded and changed its name to Mundra Port and Special Economic Zone Limited (MPSEZ). Also in 2006, Mundra Special Economic Zone Limited and Adani Chemicals Limited were merged with the company. The company issued its Initial Public Offer (IPO) in 2007. In the years that followed, the company expanded and developed several ports across India. In 2012, to better represent the company’s expanded portfolio, MPSEZ rebranded and changed its name to Adani Ports and Special Economic Zone (APSEZ). 2014 was the year when APSEZ acquired Dhamra Port in Odisha. Adani Logistics Limited, a subsidiary of APSEZ purchased a 100 per cent stake in Blue Star Realtors Private Limited in 2018. 2020 was the year when APSEZ acquired Krishnapatnam Port in Andhra Pradesh. In 2023, APSEZ completed the acquisition of Karaikal Port in Tamil Nadu. With the acquisition of Karaikal Port, APSEZ has expanded its portfolio to over 14 ports across India. As of March 2022, the company had 2,736 employees.
Products and services
APSEZ operates 14 ports, 9 logistics parks, hundreds of warehouses and thousands of acres of industrial land across India. The company also operates India’s largest SEZ at Mundra. The 14 ports operated by APSEZ are Mundra Port in Gujarat, Tuna Terminal in Gujarat, Dahej Port in Gujarat, Hazira Port in Gujarat, Dighi Port in Maharashtra, Murmugao Port in Goa, Vizhinjam Port in Kerala, Ennore Terminal in Tamil Nadu, Karaikal Port in Tamil Nadu, Kattupalli Port in Tamil Nadu, Krishnapatnam Port in Andhra Pradesh, Gangavaram Port in Andhra Pradesh, Dharma Port in Odisha and Haldia Port in West Bengal.
Listing
Shares of Adani Ports and Special Economic Zone (APSEZ) are listed on BSE, NSE and MCX Stock Exchange. It is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.
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