Adani Group plans additional Rs 30,000 Cr for domestic ports expansion

The main objective of this additional capital expenditure is to expand the berths and terminals at Mundra and Dhamra Ports, as well as to scale up the Vizhinjam Hub.

New Delhi: Adani Ports and Special Economic Zone (APSEZ) plans to invest Rs 30,000 crore over the next two years to expand domestic port operations. This investment is more than double the Rs 11,000-12,000 crore previously proposed by the company for this fiscal year.

Investment In Key Ports

The bulk of this additional investment will be made in Mundra, Gujarat, Dhamra, Odisha, and Vizhinjam, Kerala. Special attention will be given to expanding these ports, as well as to the Vizhinjam transshipment hub, which has handled over one million TEUs in the nine months since its launch.

Target To Handle 100 Million Tons of Cargo By 2030

APSEZ aims to handle one billion tons of cargo annually by 2030, of which 850 million metric tons are expected to come from Indian ports and the remaining 140-150 million metric tons from overseas assets. The company will invest ₹6,500-7,000 crore in ports, ₹2,300 crore in logistics, ₹1,500 crore in renewables, and ₹700-800 crore in marine services for FY26.

Expansion Of Mundra And Dhamra Ports A Key Focus

The main objective of this additional capital expenditure is to expand the berths and terminals at Mundra and Dhamra Ports, as well as to scale up the Vizhinjam Hub. At the end of FY25, the company had an installed capacity of 633 million metric tons across 15 Indian ports and terminals, handling 450 million metric tons, representing a 27 percent national share.

Controversial Tanker at Mundra Port

Recently, a banned oil tanker, Spartan, loaded with Russian crude oil, arrived at the Adani Group's Mundra Port. The tanker was unloading oil for HPCL-Mittal Energy Limited (HMEL). The Spartan tanker was banned by the UK and EU last year for its involvement in oil supplies from Russia.

Adani Group Bans Banned Tanker

On September 9, the Adani Group blocked all Western banned tankers from entering its ports. Following this, another banned tanker, Noble Walker, diverted its route to Vadinar Port. The Noble Walker is also among the tankers banned by the UK and EU.

Mundra Port has handled approximately 1.8 lakh barrels per day of Russian crude oil over the past eight months. Meanwhile, the US has imposed additional tariffs of up to 50 percent on India's oil imports from Russia, with a recent increase of 25 percent. This move is aimed at pressuring Russia to end the Russia-Ukraine war and prompting India to reduce its oil purchases from Russia.