APSEZ to expand acquisition to transport utility sector

25 Jul 2023 CW Team

The Adani Ports and Special Economic Zone (APSEZ) intends to increase the scope of its acquisitions by acquiring businesses and services in the transportation utility sector.

By 2030, APSEZ hopes to boost its cargo volumes to 1 billion tonnes, a huge increase from the present 339.2 million tonnes, with the goal of being the world's top transport utility by 2025.

With a modest equity involvement, APSEZ will now concentrate on making investments in operating ports outside of India. It already has plans to work with dependable neighbourhood partners that are invested financially in the project.

By 2030, APSEZ hopes to surpass all other port operators in the globe. APSEZ now runs 12 ports and terminals with a combined capacity to move 580 million tonnes of cargo yearly.

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