Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the Adani Group, now controls 14 ports across India, handling a quarter of all cargo passing through the country’s ports. This marks a significant expansion from just one port, Mundra, in 2001.
The group’s growth, largely through acquisitions — six in the last decade — is raising concerns within sections of the government. Top officials, including a former competition regulator, have expressed worries about the risks of market concentration in such a crucial infrastructure sector.
Adani’s presence spans India’s 5,422-km coastline, with a port every 500 km on average. Over the past decade, the total cargo handled by Adani ports has increased nearly four-fold to 337 million tonnes in FY23. The group’s market share in total cargo handled has nearly tripled from around 9% in 2013 to about 24% in 2023.
List of 14 ports Adani Group now owns in India
- Mundra Port, Gujarat
- Tuna Terminal, Gujarat
- Hazira Port, Gujarat
- Dahej Port, Gujarat
- Ennore Terminal, Tamil Nadu
- Kattupalli Port, Tamil Nadu
- Dhamra Port, Odisha
- Vizag Port, Andhra Pradesh
- Mormugao Port, Goa
- Vizhinjham Port, Kerala
- Dighi Port, Maharashtra
- Gangavaram Port, Andhra Pradesh
- Krishnapatnam Port, Andhra Pradesh
- Karaikal Port
These ports represent 24% of the country’s port capacity, demonstrating the significant role that the Adani Group plays in India’s maritime infrastructure.
Adani Ports and Special Economic Zone Ltd (APSEZ) has seen a significant growth in cargo volumes, with a compounded annual growth rate of 14% between FY13 and FY23, reaching 337 million tonnes in FY23. In contrast, the cargo volumes of all other ports combined grew at a CAGR of just 2.7% during the same period.
This growth has largely been through acquisitions, with the ports acquired over the last decade by the Adani Group accounting for more than a third of the total cargo volumes handled by the company. This has raised concerns among government officials and regulators about the risks of market concentration in such a key infrastructure sector.
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