New Delhi:
Adani Ports and Special Economic Zone Limited is in good condition to take advantage of long -term development in India. The reason for this is the company’s business to be related to the development of the country. This information was given in the Macquarie Equity Research Report. Along with this, McWery has given the rating of the outperform to Adani Ports.
McWery said that Adani Group’s company offers a variety of ports and cargo, which supports flexibility and will help attract customers with the growing integrated nature of logistics offers.
Target to achieve growth at double rate of cargo volume of the country
Adani Ports is India’s largest private port operating company and aims to achieve double rate of cargo volume in the country. McCweri believes that the variety of cargo handling, ports of ports, inland connectivity, customer partnership and early-muver advantage will benefit the company.
Company achieved 39.9 MMT monthly cargo volume in January
The company handled the highest monthly cargo volume of 39.9 million metric tons (MMT) in January, which is 13 per cent higher than last year. The company has planned a capital expenditure of Rs 800 billion to increase domestic business during FY 2025-29. During the financial year 2015-24, the company incurred a capital expenditure of Rs 420 billion.
According to McCweri, “This includes domestic ports (Rs 450-500 billion) and logistics (Rs 200-250 billion). APSEZ will also evaluate international port expansion opportunities. By 2030, its target is 800-850 MMT domestic cargo volume, which means that 11 percent CAGR will be increased in domestic cargo during FY 24 to FY13 to FY13.
(Disclaimer: New Delhi Television is a Subsidiya of Amg Media Networks Limited, an adani group company.)
