Adani Ports Eyes 5x Logistics Growth by FY2029

Adani Ports and Special Economic Zone (APSEZ), the largest private port operator in India, plans to increase its logistics revenue fivefold to ₹140 billion ($1.59 billion) by FY2029. This will be an important expansion into new businesses beyond traditional port operations as the company further extends its presence in logistics, warehousing, and feeder services to hedge against the volatility in global trade.

The logistics arm, now making up 11.5% of total revenue, recorded an impressive 79% year-on-year jump in the latest quarter. APSEZ’s total operational revenue climbed 30% to ₹91.67 billion, on the back of rising cargo volumes that reached 124 million metric tonnes, a 12% increase from last year.

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The move reflects a growing trend among Indian port operators to diversify sources of income amidst uncertainty in global trade. Also, with a strengthening logistics segment, Adani Ports is setting itself up for steady growth even when cargo handling cools.

The company also reported a 27% rise in profit to ₹31.09 billion, driven by efficiency gains and expanding domestic demand. In comparison with their smaller rivals, such as JSW Infrastructure, which witnessed a fall in profits due to weak export demand, APSEZ has stronger resilience due to its integrated business model.

With India's manufacturing and consumption accelerating, the expansion of Adani Ports' logistics might redefine its role in the supply chain, changing it from a cargo mover to a full-scale logistics powerhouse.