Adani Ports and Special Economic Zone Ltd has expanded its strategic partnership with US-based Kaleris to deploy an AI-augmented operating platform across a global network of 15 container terminals spanning nine ports. This multi-year agreement aims to enhance efficiency, consistency, and end-to-end visibility across the company's maritime and logistics network, supporting its ambition to handle one billion tonnes of cargo annually by 2030. The company plans to invest $850 million in technology and decarbonisation initiatives by 2031 to support these objectives.

Capacity Expansion and Investment Plan

Adani Ports expects to unlock 91 MMT of additional capacity, representing approximately 10% of its installed capacity, by 2030. To support this expansion and its broader sustainability goals, the company has committed to investing $850 million in technology and decarbonisation initiatives by 2031. Within this allocation, up to $100 million is designated specifically for automation and optimisation in two phases through the partnership with Kaleris.

Technology Integration and Efficiency Gains

The deployment of Kaleris' Advanced Optimization solutions is projected to deliver significant operational improvements. The company anticipates an up to 20% improvement in Rubber Tyred Gantry (RTG) crane productivity and an up to 14% improvement in terminal truck productivity. The integration will expand Kaleris’ N4 Terminal Operating System (TOS) across the network to improve yard utilisation, accelerate vessel turnaround, and enhance planning accuracy.

Strategic Objectives

The collaboration underscores Adani Ports' focus on leveraging artificial intelligence, the Internet of Things (IoT), and computer vision to enable real-time visibility and smarter resource allocation. With a current cargo handling capacity of 653 million tonnes per annum, the company commands approximately 27% of India's total port volumes. The following table summarizes the key parameters of the investment and capacity plan:

Nomura has reaffirmed its Buy rating on adani ports & sez , setting a target price of ₹2,080. The brokerage's stance is underpinned by strong industry tailwinds and management's expressed confidence in sustained growth over the medium to long term.

Key Highlights of Nomura's Rating

The following table summarizes the key parameters of Nomura's assessment:

Growth Outlook and Revised Estimates

Nomura's Buy recommendation is supported by management's confidence in delivering a 19% revenue CAGR and an 18% EBITDA CAGR over the FY26–31 period. Additionally, the brokerage has revised its FY27–28 EBITDA estimates upward, reflecting an improved near-term growth trajectory. Over the FY26–29 period, Nomura expects an EBITDA CAGR of 19%, signaling consistent operational performance expectations across the forecast horizon. The combination of favorable industry dynamics and robust internal growth targets forms the basis of Nomura's continued positive outlook on Adani Ports and Special Economic Zone.