The Adani Ports and Special Economic Zone (ADSEZ) stock gained nearly 10 per cent after the company highlighted plans to rapidly scale up its warehousing infrastructure.
The country’s largest port operator is looking to expand its capacity from 0.4 million square feet to 60 million square feet (a growth of 150 times) over the next five years in the Grade A warehousing segment. Half of this expansion will come from its existing land bank (1,850 acres) or organic growth, but the rest will be from acquisitions.
In the warehousing space, brokerages point out that Grade A warehousing stock has grown at an