Adani Ports and Special Economic Zone (APSEZ) plans to invest ₹30,000 crore over the next two years to expand its domestic operations, The Economic Times reported. The bulk of this investment will go into Mundra (Gujarat), Dhamra (Odisha), and Vizhinjam (Kerala) ports, more than double the company’s earlier FY25 capex estimate of ₹11,000–12,000 crore.
APSEZ has set a target of handling one billion tonnes of cargo annually by 2030, of which 850 million metric tonnes (MMT) will come from Indian ports and 140–150 MMT from overseas assets. As per its September presentation, the FY26 investment plan includes:
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₹6,500–7,000 crore for ports
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₹2,300 crore for logistics
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₹1,500 crore for renewables
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₹700–800 crore for marine services
The additional capex will focus on expanding berths and terminals at Mundra and Dhamra, and scaling up Vizhinjam’s transshipment hub, which has already handled over one million TEUs within nine months of operations.
At the end of FY25, APSEZ had 633 MMT of installed capacity across 15 Indian ports, handling 450 MMT — a 27% national market share.
Meanwhile, Adani Group has tightened its stance on Western-sanctioned oil tankers. On Monday, the sanctioned vessel Spartan carrying over one million barrels of Russian Urals crude neared Mundra port for unloading at an HPCL-Mittal Energy Ltd (HMEL) facility. Although the Group announced a ban on such tankers from September 11, vessels already en route are exempt. Another blacklisted tanker, Noble Walker, recently diverted to Vadinar after the ban.
In the last eight months, Mundra has handled around 180,000 barrels per day of Russian crude. India’s Russian oil imports have drawn renewed scrutiny after U.S. President Donald Trump imposed an additional 25% tariff on India, raising the total tariff to 50%, aimed at pressuring both India and Russia amid the ongoing Ukraine war.
