Adani Ports and Special Economic Zone (APSEZ), in its FY21 annual report, has revealed its plans to continue growing its cargo operations with a special focus on logistical services in an effort to emerge as the preferred logistics partner for exporters and businesses.
As per the report, the company currently enjoys a 25% share of India’s Exim cargo and aims to almost double it to 40% in the next 4 years.
“We intend to retain our position by achieving 500 million tonne cargo throughput by 2025 and will lead to enhancing our market share of the Indian market to 40%,” said the company.
In FY21, APSEZ also showcased a growth of 11% from last year in terms of cargo handling volume, taking it to 247 million tonnes. This was against a 5 percent decline registered by all Indian ports.
With a clear focus to take the company’s return on capital employed (ROCE) to over 20 percent by 2025, as per the annual report, the Gautam Adani-led company reported a ROCE of 12 percent in FY21.
“Our maturing ports and newly acquired ports are growing in tandem as twin growth engines in enhancing free cash generation,” said the company.