Adani Ports (APSEZ) aims to increase its cargo-handling capacity to 2,000 MMT by 2030, targeting 1 billion tons of annual cargo. Backed by $1 billion in cash reserves and a $3 billion growth fund, APSEZ is pursuing both organic and inorganic growth strategies. The company has withdrawn its request for a $553 million loan from the U.S. DFC for the Colombo West International Terminal project and will fund it through internal accruals.
Billionaire Gautam Adani-led Adani Ports (APSEZ) has told investors that it is sitting on a cash pile of $1 billion and another $3 billion growth fund for acquisitions as it is eyeing 1 billion tons of annual cargo target by 2030.
In a recent meeting with investors, APSEZ said it is on a transformative mission to grow its cargo-handling capacity from 630 MMT (million metric tons) across 15 ports today to 2,000 MMT by 2030, targeting 1 billion tons of annual cargo.
In an investor presentation, the company said it is backed by financial resilience, including $1 billion in cash reserves and a $3 billion growth fund. It is harnessing both organic and inorganic opportunities to cement its position as a global leader.
Earlier in the week, the company had withdrawn a request for a $553 million loan from the U.S. Development Finance Corporation (DFC) for the Colombo West International Terminal (CWIT) project in Sri Lanka and decided to fund it through its internal accruals.
The company operates 15 strategically located ports with a combined capacity of 630 MMT, handling 25% of India’s total port operations. By 2030, APSEZ aims to increase this share to 40%, further solidifying its leadership.
