Adani Ports: Sailing beyond Mundra

Capex on newly acquired ports & expansion on eastern coastline strengthen its strategy

The year 2016 started on a tough note for Adani Ports and Special Economic Zone but, eventually, turned out as one of the best in recent times. 

While a positive forecast on debt reduction lent significant support in boosting sentiment, the important trigger was its diversification strategy. Just as its flagship, Mundra Port, was losing steam with the decline in coal import, some of Adani Ports’ relatively fresh capacities at Dahej, Hazira, Dhamra and Katupalli started to deliver, helping cushion the moderation at Mundra. 

Also, with the newer ports adding to volumes, the dependence on coal is gradually shrinking. In