Adani Ports and Special Economic Zone Ltd (APSEZ) has taken a significant step in expanding its logistics footprint by laying the foundation stone for its first logistics park in Kerala. The groundbreaking ceremony, held in Kalamassery, Kochi, marks a new chapter in the state's industrial development and Adani Group's commitment to enhancing India's logistics infrastructure.

Project Highlights

Strategic Importance

Ashwani Gupta, Whole-Time Director and CEO of APSEZ, called the event a "historic milestone." The project is part of the 'Invest in Kerala' program and aligns with APSEZ's vision to transform from a port-focused enterprise into an integrated transport and logistics business.

Facility Features

The Kalamassery Logistics Park is designed to be a state-of-the-art facility with:

• Zero-touch digital experience
• Tech-driven ecosystems
• EV charging stations
• Smart logistics solutions
• Digital integration for enhanced operational transparency

Economic Impact

The logistics park is expected to significantly boost the local economy by:

• Supporting small and medium enterprises (SMEs)
• Creating employment opportunities
• Enhancing export capabilities in key sectors including e-commerce, FMCG/FMCD, pharmaceuticals, automotive, and retail

Government Support

Kerala Chief Minister Pinarayi Vijayan attended the groundbreaking ceremony, demonstrating the state government's support for the project. The Honorable Minister for Law, Industries and Coir, P. Rajeeve, emphasized the park's role as a catalyst for inclusive growth and regional transformation.

APSEZ's Expanding Network

This new facility strengthens APSEZ's logistics network, which currently includes:

• 21 industrial parks across India
• Plans to expand to 30 parks by 2030
• Targeted capacity of 20 million sq. ft. by 2030

Adani Group's Presence in Kerala

The logistics park is part of Adani Group's broader multimodal ecosystem in Kerala, which includes:

• Vizhinjam International Seaport
• Trivandrum International Airport

As India's largest port developer and operator, APSEZ continues to play a crucial role in enhancing the country's logistics infrastructure. With this new project, the company reaffirms its commitment to building world-class, sustainable infrastructure that supports national progress and regional economic growth.

Adani Ports and Special Economic Zone Limited (APSEZ) has reported a strong start to the fiscal year, with a 21% year-on-year increase in consolidated revenue for the first quarter. The company's performance was primarily driven by exceptional growth in its Logistics and Marine businesses.

Financial Highlights

• Consolidated revenue rose to ₹9,126.00 crore in Q1, up from ₹7,560.00 crore in the same quarter of the previous year.
• EBITDA increased by 13% to ₹5,495.00 crore, compared to ₹4,848.00 crore in the same period last year.
• Net profit grew by 7% to ₹3,311.00 crore, versus ₹3,107.00 crore in Q1 of the previous year.

Segment Performance

Operational Highlights

• APSEZ handled 121 MMT of cargo volume in Q1, an 11% increase year-on-year.
• The company's all-India cargo market share increased to 27.8% from 27.2% in the previous year.
• Container market share stood at 45.2%, slightly down from 45.9% in Q1 of the previous year.

Strategic Developments

• Commenced operations at the Colombo West International Terminal (CWIT), a fully automated, natural deep-water port in Sri Lanka.
• Dhamra port opened a new export berth and began construction of two new berths to increase capacity.
• Vizhinjam port completed its first year of operations, achieving 100% utilization in its ninth month.
• The Board approved the acquisition of NQXT Port in Australia, subject to regulatory approvals.

Financial Management

• S&P Global revised the company's ratings outlook to "Positive" from "Negative", reaffirming the BBB- rating.
• APSEZ increased its average debt maturity from 4.3 years to 5.2 years and reduced yield across all bond issuances by up to 116 bps.
• The company issued ₹5,000.00 crore of 15-year Non-Convertible Debentures to Life Insurance Corporation of India.

Management Commentary

Ashwani Gupta, Whole-time Director & CEO of APSEZ, stated, "This quarter's 21% revenue growth is anchored by extraordinary momentum in our Logistics and Marine businesses, which grew 2x and 2.9x respectively. These are no longer ancillary verticals - they are reshaping the contours of our future-ready ports ecosystem."

APSEZ remains on track to meet its guidance for the fiscal year, with projected revenue of ₹36,000.00-38,000.00 crore and EBITDA of ₹21,000.00-22,000.00 crore. The company continues to focus on expanding its integrated transport utility approach and extending its value chain from port gate to customer gate.