Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, on May 31 approved a proposal to raise up to $1 billion through the issuance of senior unsecured notes over the next six quarters, the company informed the stock exchanges.
The fundraising plan, approved by the company’s Board of Directors, is part of a broader expansion strategy aimed at boosting capacity both in India and overseas. The notes will be issued in one or more tranches and will be classified as outstanding senior notes, a form of debt that carries top repayment priority in case of default.
The announcement comes just a day after APSEZ raised Rs 5,000 crore in its largest-ever domestic debt issue through a private placement to the Life Insurance Corporation of India (LIC), which already holds an 8 percent stake in the company, The Times of India reported.
The fresh capital will help fund the company’s ambitious capex plan of Rs 12,000 crore for FY26. The spending will support expansion at existing ports and fund global acquisitions. In April, the Gautam Adani-controlled firm announced it would acquire the North Queensland Export Terminal (NQXT) in Australia for around $2.5 billion from Singapore-based Abbot Point Port Holdings.
APSEZ, which operates the flagship Mundra Port in Gujarat, continues to dominate the Indian cargo market. According to a report by Motilal Oswal dated May 28, the company held a 27 percent share of the country’s total cargo volume and a 45 percent share of container cargo as of March 2025.