View source for Adani Ports & SEZ

{{short description|Indian multinational port operator and logistics company}}
{{Use Indian English|date=February 2017}}
{{Use dmy dates|date=October 2020}}
{{Infobox company
| name = Adani Ports and Special Economic Zone Limited
| logo = Adani Ports Logo.svg
| logo_size = 220px
| former_name = Mundra Port and Special Economic Zone Limited<ref>{{Cite web|last=Pandit|first=Virendra|date=9 January 2012|title=Mundra Port co is now Adani Ports and SEZ Ltd|url=https://www.thehindubusinessline.com/economy/logistics/mundra-port-co-is-now-adani-ports-and-sez-ltd/article23064427.ece|url-access=subscription|url-status=live|access-date=2020-05-04|website=The Hindu Business Line|language=en|archive-url=https://web.archive.org/web/20200202105753/https://www.thehindubusinessline.com/economy/logistics/mundra-port-co-is-now-adani-ports-and-sez-ltd/article23064427.ece |archive-date=2 February 2020 }}</ref>
| type = [[Public company|Public]]
| traded_as = {{plainlist|
*{{BSE|532921}}
*{{NSE|ADANIPORTS}}
*[[NIFTY 50|NSE NIFTY 50]] constituent}}
| foundation = {{Start date and age|1998|05|26|df=yes}}
| founder = [[Gautam Adani]]
| hq_location = Adani House
| hq_location_city = [[Navarangpura]], [[Ahmedabad]], [[Gujarat]], India
| key_people = {{plainlist|
* [[Gautam Adani]] <br />([[Chairman]])
* Karan Adani <br /> ([[Managing Director|MD]])
* Ashwani Gupta <br /> (Whole-Time Director & CEO)<ref>{{cite web | url=https://www.financialexpress.com/business/industry-ashwani-gupta-former-global-coo-of-nissan-appointed-ceo-of-adani-ports-and-special-economic-zone-3357624/ | title=Ashwani Gupta, former global COO of Nissan, appointed CEO of Adani Ports and Special Economic Zone | date=6 January 2024 }}</ref>
}}
| area_served = Worldwide
| ISIN = {{ISIN|sl=n|pl=y|INE742F01042}}
| industry = [[Infrastructure]]
| products = {{hlist|[[Port operator]]|[[Ports|Ports and shipping]]|[[Maritime transport]]|[[Logistics]]|[[Dredging]]<ref>{{cite news |title=Adani Ports dredging fleet emerges as India's largest: APSEZ |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-dredging-fleet-emerges-as-indias-largest-apsez/articleshow/62417074.cms |access-date=22 February 2023 |work=The Economic Times |date=8 January 2018}}</ref>}}
| revenue = {{up}} {{INRConvert|28210|c}} (2024)<ref name="BalSheet">[https://www.bseindia.com/xml-data/corpfiling/AttachLive/c291dc57-5b8d-4d03-9d11-8ac0dda3a7a1.pdf].</ref><ref>{{cite web |title=Stock share price of Adani Ports & SEZ |work=BSE India |url=https://www.bseindia.com/stock-share-price/adani-ports-and-special-economic-zone-ltd/adaniports/532921/}}</ref>
| operating_income = {{up}} {{INRConvert|10093|c}} (2024)<ref name="BalSheet"/>
| net_income = {{up}} {{INRConvert|8104|c}} (2024)<ref name="BalSheet"/>
| assets = {{up}} {{INRConvert|1.18|lc|lk=on}} (2024)<ref name="BalSheet"/>
| equity = {{up}} {{INRConvert|54543|c}} (2024)<ref name="BalSheet"/>
| num_employees = 2,919 (2024)
| subsid = {{plainlist|
*Adani Logistics<ref>{{cite news |last1=Dhanjal |first1=Swaraj Singh |title=Adani Logistics to buy Navkar's inland container depot in Gujarat for ₹835 cr |url=https://www.livemint.com/companies/news/adani-logistics-to-buy-navkar-s-inland-container-depot-in-gujarat-for-835-cr-11660668561410.html |access-date=4 February 2023 |work=mint |date=17 August 2022 |language=en}}</ref>
*Sarguja Rail Corridor<ref>{{cite news |title=NCLT approves APSEZ's composite scheme to acquire Sarguja Rail Corridor |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/nclt-approves-apsezs-composite-scheme-to-acquire-sarguja-rail-corridor/articleshow/89219539.cms |access-date=4 February 2023 |work=The Economic Times |date=30 January 2022}}</ref>}}
| parent = [[Adani Group]]
| homepage = {{Official URL}}
| footnotes = <ref>{{Cite web |title=Adani Port Special Economic Zone |url=https://reports.adani.com/Adani-Ports-SEZ-Annual-Report-FY21/index.html |access-date=2023-04-13 |website=[[Adani Group]]}}</ref>
| intl = 
}}

'''Adani Ports and Special Economic Zone Limited''' (APSEZ) is an Indian [[Multinational corporation|multinational]] [[port operator]] and [[logistics]] company, part of [[Adani Group]].<ref>{{cite news |title=Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs |url=https://economictimes.indiatimes.com/markets/bonds/adani-ports-sez-raises-rs-500-crore-through-allotment-of-ncds/articleshow/76038742.cms |work=The Economic Times |date=27 May 2020}}</ref><ref>{{Cite web|last=Manoj|first=P.|date=17 April 2020|title=Adani Ports suspends direct port delivery of containers|url=https://www.thehindubusinessline.com/economy/logistics/adani-ports-suspends-dpd-service-shuts-export-gate-at-hazira-port-as-boxes-pile-up/article31362653.ece|url-access=subscription|url-status=live|access-date=2020-05-04|website=The Hindu Business Line|archive-url=https://web.archive.org/web/20200420144212/https://www.thehindubusinessline.com/economy/logistics/adani-ports-suspends-dpd-service-shuts-export-gate-at-hazira-port-as-boxes-pile-up/article31362653.ece |archive-date=20 April 2020 }}</ref> APSEZ is India's largest private port operator with a network of 12 ports and [[Container port|terminals]], including India's first port-based [[Special economic zone|SEZ]] at [[Mundra Port|Mundra]] and the first deep water [[transshipment]] port at [[Vizhinjam International Seaport Thiruvananthapuram|Thiruvananthapuram]].<ref name="businesstoday.in">{{Cite news|last=Jayakumar |first=P. B. |date=1 January 2017 |title=King of Ports |url=https://www.businesstoday.in/magazine/exclusive/india's-best-ceos-2016/indias-biggest-private-sector-port-infrastructure-company-is-on-an-expansion-spree/story/242147.html |url-status=live |archive-url=https://web.archive.org/web/20220924001442/https://www.businesstoday.in/specials/indias-best-ceos-2016/story/indias-biggest-private-sector-port-infrastructure-company-is-on-an-expansion-spree-65303-2016-12-12 |archive-date=24 September 2022 |website=Business Today}}</ref><ref>{{Cite web|title=Mundra Port and SEZ Ltd {{!}} Private Operated Ports {{!}} Ports in Gujarat {{!}} Ports {{!}} Home {{!}} GMB Ports|url=http://www.gmbports.org/showpage.aspx?contentid=1522|archive-url=https://web.archive.org/web/20130604230717/http://www.gmbports.org/showpage.aspx?contentid=1522|url-status=dead|archive-date=2013-06-04|date=2013-06-04|access-date=2020-05-04}}</ref> The company has attracted controversies for [[cronyism]], alleged stock manipulation and violation of environmental norms.

==Operations==
{{As of|2017}}, APSEZ operated 3 inland container depots (ICD) through its subsidiary Adani Logistics Ltd.<ref name="Chowdhury">{{Cite news |last=Chowdhury |first=Anirban |date=2017-04-05 |title=Adani Ports will go green, focus on logistics business |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-will-go-green-focus-on-logistics-business/articleshow/58017555.cms |access-date=2020-05-04}}</ref> In August 2022, they acquired an additional ICD from Navkar Corporation in Tumb, Gujarat.<ref>{{Cite news |date=2022-08-17 |title=Adani Logistics to buy inland container depot Tumb for Rs 835 crore |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-logistics-acquires-inland-container-depot-tumb-for-rs-835-crore/articleshow/93584785.cms |url-status=live |access-date=2023-03-02 |archive-url=https://web.archive.org/web/20220816062909/https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-logistics-acquires-inland-container-depot-tumb-for-rs-835-crore/articleshow/93584785.cms |archive-date=16 August 2022 |issn=0013-0389}}</ref>

It holds Category 1 License for the [[Indian Railways]] that helps in pan-India cargo movement.<ref>{{Cite web|title=Adaniports Institutional Ownership - Adani Ports and Special Economic Zone Ltd. Stock|url=https://fintel.io/so/in/adaniports|website=fintel.io|language=en|access-date=2020-05-04}}</ref><ref name="Chowdhury"/> The trains owned by Adani Logistics were used to dispatch 30,000 tonnes of food grains to feed over 60 [[lakh]] citizens across the states of [[Tamil Nadu]], [[Karnataka]], [[West Bengal]], and [[Maharashtra]], during the 2020 [[COVID-19 lockdown]].<ref>{{Cite web|title=Adani Agri Logistics Dispatches 30,000 Tonnes of Food Grains For PMGKAY|url=http://businessworld.in/article/Adani-Agri-Logistics-Dispatches-30-000-Tonnes-Of-Food-Grains-For-PMGKAY/11-05-2020-191718|website=Businessworld|language=en|access-date=2020-05-12}}</ref>

APSEZ provides dredging and reclamation solutions, primarily for port and harbor construction.<ref>{{cite news |last1=Chatterjee |first1=Adrija |last2=Sanjai |first2=P. R. |date=21 September 2022 |title=Adani Ports secures $3.1 billion port project in eastern India state |newspaper=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-secures-3-1-billion-port-project-in-eastern-india-state/articleshow/94353758.cms}}</ref> The Adani Group started investing in developing a dredging fleet in 2005.{{Citation needed|date=March 2023}} {{As of|2018}}, APSEZ operated a fleet of 19 dredgers, the largest capital dredging fleet in India.<ref>{{Cite web|title=Adani Ports dredging fleet emerges as India's largest: APSEZ|url=https://www.newindianexpress.com/business/2018/jan/08/adani-ports-dredging-fleet-emerges-as-indias-largest-apsez-1747900.html|website=The New Indian Express|date=8 January 2018 |access-date=2020-05-04}}</ref>

APSEZ has undertaken [[mangrove]] afforestation activities totalling 2885 Ha ({{As of|2018|August|lc=y}}) with a survival rate of over 85%.<ref name=":0" /> In 2016, the company announced that all ports and townships were being prepared to run on [[100% renewable energy]] by 2018 using a mix of solar and wind energy.<ref name=":0">{{Cite news|last=Karunakaran|first=Naren|date=2016-08-11|title=How Adani Group is moving towards corporate responsibility from controversies|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/how-adani-group-is-moving-towards-corporate-responsibility-from-controversies/articleshow/53642896.cms|access-date=2020-05-04}}</ref>

In August 2017, a [[Morgan Stanley]] analysis described APSEZ as "stacking up well compared to its global peers: On operating metrics such as revenue growth, margins, EBIDTA growth, net income growth and return ratios (RoCE/ RoE), and based on bottom-up estimates by Morgan Stanley analysts covering global ports, APSEZ is expected to be in the top quartile across various operating metrics despite the tax holiday for Mundra port coming to an end".<ref>{{Cite web|title=Adani Ports and SEZ: Morgan Stanley has this to say|url=https://www.financialexpress.com/industry/adani-ports-and-sez-morgan-stanley-has-this-to-say/828297/|date=2017-08-28|website=The Financial Express|language=en-US|access-date=2020-05-04}}</ref>

Private equity firm [[Warburg Pincus]] acquired a 0.49% stake in Adani Ports for {{INRConvert|800|c}} on 7 March 2021.<ref>{{cite web |date=7 March 2021 |title=Warburg Pincus Arm To Invest Rs 800 Crore For 0.49% Stake In Adani Ports |url=https://www.moneycontrol.com/news/business/warburg-pincus-arm-to-invest-rs-800-crore-for-0-49-stake-in-adani-ports-6616451.html |access-date=7 March 2021 |website=Moneycontrol}}</ref>

In April 2022, it was announced that APSEZ (through its subsidiary, The Adani Harbour Services Ltd.) had acquired the third-party marine services provider, Ocean Sparkle Ltd.<ref>{{Cite web |last=Casey |first=Jessica |date=2022-04-26 |title=Adani acquires Ocean Sparkle |url=https://www.drybulkmagazine.com/ports-terminals/26042022/adani-acquires-ocean-sparkle/ |access-date=2022-04-26 |website=Dry Bulk |language=en}}</ref>

In July 2022, APSEZ alongside the Gadot Group won the privatisation bid for [[Israel]]'s [[Port of Haifa]] for {{currency|1.18|USD}} billion.<ref name=":1" /><ref name=":2" /> Where Adani Ports and Gadot Group respectively hold 70%:30% of the shares.<ref name=":1">{{Cite web |date=15 July 2022 |title=Adani And Gadot Win Tender To Privatise Israel's Haifa Port |url=https://www.adaniports.com/Newsroom/Media-Releases/Adani-and-Gadot-win-tender-to-privatise-Israels-Haifa-Port |website=Adani |language=en}}</ref><ref name=":2">{{Cite web |last=Mukherjee |first=Saurav |date=14 July 2022 |title=Adani Ports seal Israel's Haifa Port bid with Gadot for $1.18 billion |url=https://www.livemint.com/news/world/adani-ports-seal-israel-s-haifa-port-bid-with-gadot-for-1-18-billion-11657815814314.html |website=livemint |language=en}}</ref>

In September 2022, Adani Ports secured a {{USD|3.1}} billion deep-sea port construction project with the West Bengal government.<ref>{{cite news |last1=Times |first1=Economic |title=Adani Ports secures $3.1 billion port project in eastern India state. |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-secures-3-1-billion-port-project-in-eastern-india-state/articleshow/94353758.cms}}</ref>

According to the [[Business Standard]] report, In the fiscal year 2023-24, APSEZ managed 420 million metric tonnes (MMT) of cargo, marking a 24% growth. Additionally, APSEZ represents 44% of India's containerized seaborne cargo.<ref>{{cite news | last=| first= | title=Gautam Adani's APSEZ cargo grows 24% at 420 million tonnes in FY24 | website=Business Standard | date=2024-04-01 | url=https://www.business-standard.com/companies/news/gautam-adani-s-apsez-handles-420-million-tonnes-cargo-in-fy24-up-24-124040101029_1.html | access-date=2024-05-25}}</ref>

In March 2024, APSEZ revealed its acquisition of Gopalpur port in Odisha, situated on India's east coast. The acquisition involved purchasing a 56% stake from the Shapoorji Pallonji Group and a 39% stake from Orissa Stevedores Limited in Gopalpur Port Limited, valued at Rs 3,080 crore.<ref name=new>{{cite web|last=Adhikari|first=Anand|title=Adani's Gopalpur Ports acquisition: APSEZ to dominate India's port industry with one third of the cargo|website=Business Today|date=March 27, 2024|url=https://www.businesstoday.in/latest/corporate/story/adanis-gopalpur-ports-acquisition-apsez-to-dominate-indias-port-industry-with-one-third-of-the-cargo-423109-2024-03-27|access-date=May 25, 2024}}</ref> In July 2024, the ratings agency ICRA has upgraded the rating of Adani Ports and Special Economic Zone (APSEZ) to AAA/Stable from AA+/Stable.

APSEZ has plans to construct a new port in [[Da Nang International Airport|Da Nang]], [[Vietnam]]. The proposal got “in-principle approval” from the Vietnamese government. The port will feature container terminals and multipurpose berths to handle wide varieties of cargo.<ref>{{Cite web |date=2024-07-14 |title=Israel, Sri Lanka, Tanzania, now Vietnam: Gautam Adani plots a trade coup against China |url=https://www.businesstoday.in/latest/corporate/story/israel-colombo-sri-lanka-tanzania-now-vietnam-gautam-adani-plots-a-trade-coup-against-china-437094-2024-07-14 |access-date=2024-07-21 |website=Business Today |language=en}}</ref> The other foreign ports Managed by the company include [[Haifa]], [[Israel]];<ref>{{Cite web |date=2023-02-22 |title=Adani paid entire $1.2 bn to acquire Haifa port, says Israel's envoy to India |url=https://www.businesstoday.in/latest/corporate/story/adani-paid-entire-12-bn-to-acquire-haifa-port-says-israels-envoy-to-india-371112-2023-02-22 |access-date=2024-07-21 |website=Business Today |language=en}}</ref> [[Colombo]], [[Sri Lanka]];<ref>{{Cite news |date=2024-05-07 |title=Adani Green signs a 20-yr agreement with Sri Lanka government for wind power stations |url=https://economictimes.indiatimes.com/industry/renewables/adani-green-enters-into-mou-with-sri-lanka-government-for-wind-power-stations/articleshow/109904030.cms?from=mdr |access-date=2024-07-21 |work=The Economic Times |issn=0013-0389}}</ref> and the [[Port of Dar es Salaam]], [[Tanzania]].<ref>{{Cite news |date=2024-05-31 |title=Adani Enters Africa With Acquisition of Tanzania Container Firm |url=https://www.bloomberg.com/news/articles/2024-05-31/adani-enters-africa-with-acquisition-of-tanzania-container-firm |access-date=2024-07-21 |work=Bloomberg.com |language=en}}</ref>

In August 2024, APSEZ announced acquisition of 80% stake in Astro Offshore for $185 million. This move will help add to its roster of Tier-1 customers.<ref>{{cite web|url=https://www.newindianexpress.com/business/2024/Aug/31/apsez-acquires-80-stake-in-astro-for-185-million-in-all-cash-deal |title=APSEZ acquires 80% stake in Astro for $185 million in all-cash deal |work=The New Indian Express |date=31 August 2024 |access-date=31 August 2024}}</ref>

==Ports and terminals==
{{See also|List of ports in India}}
The company commenced operations at Mundra Port and currently operates 15 ports across all Indian states.<ref name="businesstoday.in" /><ref name="Manoj">{{Cite news |last=Manoj |first=P. |date=3 August 2017 |title=APSEZ set to become top container port operator |language=en |website=@businessline |url=https://www.thehindubusinessline.com/economy/logistics/apsez-set-to-become-top-container-port-operator/article9801005.ece |url-status=live |url-access=subscription |access-date=2020-05-04 |archive-url=https://web.archive.org/web/20220208181220/https://www.thehindubusinessline.com/economy/logistics/apsez-set-to-become-top-container-port-operator/article64278870.ece |archive-date=8 February 2022}}</ref> Its ports have 45 berths and 14 terminals.<ref name="businesstoday.in" /><ref name="Manoj" />

=== Vizhinjam International Seaport Thiruvananthapuram (Trivandrum Seaport) ===
{{main|Vizhinjam International Seaport Thiruvananthapuram}}
[[File:First_Mother_Ship_MV_San_Fernando_at_Vizhinjam_International_Seaport.jpg|thumb|[[Vizhinjam International Seaport Thiruvananthapuram]]]]
APSEZ won a bid with the Kerala government to construct the [[Vizhinjam International Seaport Thiruvananthapuram]] in 2015.<ref>{{Cite news |date=2015-08-17 |title=Kerala in pact with Adani for Rs 7,525-crore Vizhinjam port project |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/kerala-in-pact-with-adani-for-rs-7525-crore-vizhinjam-port-project/articleshow/48516296.cms |access-date=2023-03-02 |issn=0013-0389}}</ref> While the initial completion date was projected for 2020<ref>{{Cite web |title=Adani Vizhinjam Port: Phase 1 to come up by 2020 |url=https://www.financialexpress.com/infrastructure/phase-1-of-adani-vizhinjam-port-to-come-up-by-2020/1488005/ |access-date=2023-03-02 |website=Financialexpress |date=15 February 2019 |language=en}}</ref> the construction has experienced multiple delays due to the COVID-19 pandemic and cyclones.<ref name=":11">{{Cite web |last=Manoj |first=P. |date=2021-09-21 |title=Adani Ports seeks five years extension for completing Vizhinjam port |url=https://www.thehindubusinessline.com/companies/adani-ports-seeks-five-years-extension-for-completing-vizhinjam-port/article36583458.ece |access-date=2023-03-02 |website=www.thehindubusinessline.com |language=en}}</ref> Adani sought an extension to 2024 but this led to disputes with the Kerala government.<ref name=":11" /><ref>{{Cite news |date=2021-02-22 |title=Vizhinjam port: Govt appoints Kurian Joseph as arbitrator |work=The Times of India |url=https://timesofindia.indiatimes.com/city/kochi/vizhinjam-port-govt-appoints-kurian-joseph-as-arbitrator/articleshow/81140831.cms |access-date=2023-03-02 |issn=0971-8257}}</ref>

=== Mundra Port ===
{{Main|Mundra Port}}
Mundra Port is a deep-water, all-weather, berthing on arrival port in the Gulf of Kutch. With 26 berths and dedicated terminals for different cargo and commodity types, it has an annual capacity to handle 231 MMT cargo. The port is connected to National Highway (NH) network through State Highways 48 via Anjar and SH-6. It has a privately developed rail network of 69&nbsp; km connecting [[Adipur]] to Mundra port, which in-turn provides nationwide connectivity. It is capable of berthing fully loaded Capesize vessels, VLCC and ULCC. It handles dry bulk, break bulk, project cargo, liquid, containers, automobiles, and crude.{{Citation needed|date=October 2022}}

Since 2013, Mundra Port is India's largest private commercial port<ref name="Manoj" /> and hosts the world's largest coal import terminal.{{Citation needed|date=March 2023}} Mundra Port was known for introducing technological advancements that led to a high level of automation to enhance the efficiency of cargo handling.{{Citation needed|date=March 2023}}

{{As of|2016|August}}, approximately 20,000 ships had docked at Mundra. Mundra Port had two single-point mooring (SPM) facilities to evacuate crude oil.<ref name="businesstoday.in" /> Efforts to build a new container terminal in Mundra in partnership with French shipping giant CMA Terminals were underway {{As of|2017|January|lc=y}}.<ref name="businesstoday.in" /><ref>{{Cite web |last1=Adhikari |first1=Anand |last2=John |first2=Nevin |date=24 April 2016 |title=The Port King |url=https://www.businesstoday.in/magazine/corporate/adanis-port-empire-has-expanded-but-also-faces-challenges/story/230729.html |access-date=2020-05-04 |website=Business Today Magazine}}</ref>

=== West Port ===
The West Port is mainly designed for coal import and export. To meet the rising demand for coal at Mundra, the Adani Group decided to invest in berth-3 at its West Port and associated coal handling plant including 2x1.36 km long conveyors (ARD-5, ARD-6). This translated into 16.5 MTPA handling of additional coal per annum. Mainly designed by [[Larsen & Toubro]].<ref>{{Cite web |title=Complete Electrical & Automation solutionfor Coal Handling Berth at Adani West Port Mundra {{!}}CANVAS 04 {{!}} Case study {{!}} L&T Electrical & Automation {{!}} Control & Automation Business |url=https://www.lntebg.com/CANVAS/canvas/Coal-Handling-System-for-Adani-West-Port-Mundra.aspx |access-date=2024-07-21 |website=www.lntebg.com}}</ref>

=== Krishnapatnam Port ===
{{Main|Krishnapatnam Port}}
Krishnapatnam Port Company Limited (KPCL) is a multi-cargo facility port located near [[Nellore]], [[Andhra Pradesh]]. KPCL was acquired by Adani Ports in October 2020 for {{INRConvert|13000|c|lk=on|year=2020}} from the CVR Group.<ref name=":3">{{Cite web |date=5 October 2020 |title=Adani Ports and SEZ Ltd. completes Rs. 12000 cr acquisition of Krishnapatnam Port Company Ltd. (KPCL). |url=https://www.adaniports.com/Newsroom/Media-Releases/Adani-Ports-and-SEZ-Ltd-completes-Rs-12000-cr-acquisition-of-Krishnapatnam-Port-Company-Ltd-KPCL |access-date=2021-02-24 |website=Adani Ports |language=en}}</ref><ref>{{Cite web |last=Manoj |first=P. |date=3 January 2020 |title=Adani Ports buys Krishnapatnam Port from CVR Group for ₹13,500 crore |url=https://www.thehindubusinessline.com/economy/logistics/adani-ports-buys-krishnapatnam-port-from-cvr-group-for-13500-crore/article30471749.ece |url-access=subscription |archive-url=https://web.archive.org/web/20200103144414/https://www.thehindubusinessline.com/economy/logistics/adani-ports-buys-krishnapatnam-port-from-cvr-group-for-13500-crore/article30471749.ece |archive-date=3 January 2020 |access-date=2021-02-24 |website=@businessline |language=en}}</ref><ref>{{Cite web|date=2019-12-05|title=Adani buying Krishnapatnam port for $770m|url=https://www.seatrade-maritime.com/ports-logistics/adani-buying-krishnapatnam-port-770m|access-date=2021-02-24|website=Seatrade Maritime|language=en}}</ref> Originally, they had a 75% stake but by April 2021 they acquired the remaining 25% stake from Vishwasmudra Holdings.<ref name=":3" /><ref>{{Cite web |date=5 April 2021 |title=Adani Ports increases its ownership from 75% to 100% in Krishnapatnam Port by acquiring Vishwasamudra Holdings' 25% stake for Rs. 2,800 CRS |url=https://www.adaniports.com/Newsroom/Media-Releases/Adani-Ports-increases-its-ownership-from-75-to-100-in-Krishnapatnam-Port |url-status=dead |archive-url=https://web.archive.org/web/20210620042131/https://www.adaniports.com/Newsroom/Media-Releases/Adani-Ports-increases-its-ownership-from-75-to-100-in-Krishnapatnam-Port |archive-date=20 June 2021 |access-date=15 June 2021 |website=Adani Ports}}</ref>

=== Karaikal Port ===
{{Main|Karaikal Port}}
Around May 2021, Adani Ports and Special Economic Zone Ltd (APSEZ) was looking to buy Karaikal port in Puducherry at a valuation of ₹1,500-2,000 crore but multiple sources said that the deal is “not easy” to consummate given the ownership structure and the debt.

However, by April 2023, APSEZ completed the acquisition of Karaikal Port, which is an all-weather deep water port developed in an area of 611 acres and commissioned in April 2009.<ref>{{Cite web |title=Adani Ports Completes Acquisition Of Karaikal Port |url=https://www.outlookindia.com/business/adani-ports-completes-acquisition-of-karaikal-port-news-275380 |access-date=2023-07-20 |work=Outlook India |date=2 April 2023 |language=en-US}}</ref><ref>{{Cite web |title=Karaikal Port - Adani Ports and Logistics |url=https://www.adaniports.com/Ports-and-Terminals/Karaikal-Port |website=Adani Ports}}</ref>

=== Hazira Port ===
{{Main|Hazira Port}}
The Hazira Port is a deep-water port located in the [[Gulf of Khambhat|Gulf of Khambat]], [[Surat]], [[Gujarat]].<ref>{{Cite web |title=Hazira Port, Surat |url=https://origin-webapp.adaniports.com/ports-and-terminals/hazira-port |access-date=2023-03-02 |website=Adani Ports}}</ref><ref name=":4">{{Cite web |title=Brief Summary |url=https://www.shell.in/shellenergy/hazira-port-pvt-ltd/brief-summary.html |access-date=2023-03-02 |website=www.shell.in |language=en}}</ref> The port has been operational since 2005 and is a strategic port for [[Shell plc|Shell Energy India]].<ref name=":4" /> Adani developed additional container jetties and multipurpose jetties.<ref name=":4" /> However, in 2016, APSEZ faced setbacks to further development due to environmental complaints from the Hazira Fishermen Committee.<ref>{{Cite news |last=Langa |first=Mahesh |date=2016-01-16 |title=NGT lambasts Adani group for environment damage in Hazira |language=en-IN |work=The Hindu |url=https://www.thehindu.com/news/national/other-states/NGT-lambasts-Adani-group-for-environment-damage-in-Hazira/article14001610.ece |access-date=2023-03-02 |archive-url=https://web.archive.org/web/20190902220435/https://www.thehindu.com/news/national/other-states/NGT-lambasts-Adani-group-for-environment-damage-in-Hazira/article14001610.ece |archive-date=2 September 2019 |issn=0971-751X}}</ref>

=== Dhamra Port ===
{{Main|Dhamra Port}}
Dhamra Port, Bhadrak, Odisha is a deep-water, all-weather, multi-user, a multi-cargo port located between [[Haldia]] and [[Paradeep]] ports on India's eastern coast.<ref name=":5">{{Cite news |last1=Mandavia |first1=Megha |last2=Barman |first2=Arijit |date=2014-05-17 |title=Adani Ports acquires Dhamra Port on east coast of India for Rs 5,500 crore |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-acquires-dhamra-port-on-east-coast-of-india-for-rs-5500-crore/articleshow/35206023.cms |access-date=2023-03-02 |issn=0013-0389}}</ref> It was acquired by Adani in 2014 for Rs 5,500 crore which was the largest port sector deal at the time.<ref name=":5" /> It can handle dry bulk, breakbulk, project cargo, and containers.<ref name=":6">{{Cite web |title=Dhamra Port, Odisha |url=https://www.adaniports.com/Ports-and-Terminals/dhamra-port |access-date=2023-03-02 |website=Adani Ports}}</ref> It has an annual capacity of 40 MMT cargo which can go up to 100 MMT in the future.{{Citation needed|date=March 2023}} It is located near the mineral belts of [[Odisha]], [[Jharkhand]], and [[West Bengal]].<ref name=":6" /> It is connected by a 62&nbsp;km railway line to Ranital Link Cabin which connects the main [[Howrah]]-[[Chennai]] line.<ref name=":6" /> It features a fully integrated conveyor system for import and export, a coastal circuit for fast cargo transit, and rapid loading silos with 4000 TPH capacity.<ref name=":6" /> Situated between [[Haldia]] in [[West Bengal]] and [[Paradip]] in [[Odisha]], the Port is located 215&nbsp;km from [[Bhubaneshwar]].<ref name=":7" /> The port serves as a gateway to [[Nepal]], [[Bangladesh]], [[Myanmar]] and the entire geopolitical region, including the [[ASEAN]] region.<ref name=":7">{{Cite news|date=2018-04-07|title=Adani Ports inaugurates phase II of Dhamra Port|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-inaugurates-phase-ii-of-dhamra-port/articleshow/63658394.cms|access-date=2020-05-04}}</ref>

=== Dahej Port ===
{{Main|Dahej Port}}
The Dahej Port is a deep-water, multi-cargo port in the Gulf of [[Khambat]], [[Bharuch]], [[Gujarat]].<ref name=":8">{{Cite web |title=Dahej Port, Gujarat {{!}} Adani Ports and SEZ Ltd |url=https://www.adaniports.com/ports-and-terminals/dahej-port |access-date=2023-03-02 |website=www.adaniports.com}}</ref> It houses two dry and breaks bulk berths and dedicated facilities for handling project cargo.<ref name=":8" /> It has a capacity to handle 2 [[crore]] (20 million) [[tonne]]s per year.{{Citation needed|date=March 2023}} It handles all kinds of dry bulk and breakbulk cargo including [[coal]], [[Fertilizer|fertiliser]], Agri products, steel cargo, and minerals.<ref name=":8" /> Additionally, it is capable of berthing capesize and Panama vessels.{{Citation needed|date=March 2023}} Dahej Port has a dedicated railway line that connects to the national railway network and it is also connected to National Highway 8.<ref name=":8" /> It is connected to the contiguous industrial hubs of [[Gujarat]], [[Maharashtra]] and eastern [[Madhya Pradesh]].<ref name=":8" />
 
Dahej Port is equipped with India's first high speed elevated triangular gallery overload conveying system for coal transportation which reduces dust pollution.<ref name=":8" /> It accommodates a Ro-Ro Jetty for project cargo movement of 9.8&nbsp;km long fully integrated high-speed conveyor.<ref name=":8" />

=== Gangavaram Port ===
{{Main|Gangavaram Port}}
Adani Ports announced on 3 March 2021 that it had acquired a 31.5% stake in Gangavaram Port from Windy Lakeside Investment, an affiliate of Warburg Pincus, for ₹1,954 crore (US$240 million).

Adani Ports may acquire a 58.1% stake in Gangavaram Port from DVS Raju Group, for undisclosed amount

=== Vizag Terminal ===
APSEZ formerly owned a coal terminal in the [[Visakhapatnam Port]].<ref name=":9">{{Cite web |last=Manoj |first=P. |date=2022-03-14 |title=Adani Ports returns a coal terminal to Vizag Port Authority |url=https://www.thehindubusinessline.com/economy/logistics/adani-ports-returns-a-coal-terminal-to-vizag-port-authority/article65224237.ece |url-access=subscription |archive-url=https://web.archive.org/web/20220314180731/https://www.thehindubusinessline.com/economy/logistics/adani-ports-returns-a-coal-terminal-to-vizag-port-authority/article65224237.ece |archive-date=14 March 2022 |access-date=2023-03-02 |website=Business Line |language=en}}</ref> In 2022, only a few years into a 30-year contract they returned it to the Visakhapatnam Port Authority.<ref name=":9" />

=== Mormugao Terminal ===
{{Main|Mormugao Port Trust}}
Mormugao Terminal is a one-berth terminal located on the south-west coast of India.<ref name=":10">{{Cite web |title=Mormugao Terminal {{!}} Adani Ports and SEZ |url=https://www.adaniports.com/ports-and-terminals/mormugao--terminal |access-date=2023-03-02 |website=www.adaniports.com}}</ref> It has a capacity of 7 MMT cargo.{{Citation needed|date=March 2023}} It can handle coal cargo, Panamax and capsize vessels.<ref name=":10" /> Its main feature is a mechanized material handling system of conveyor systems and stacker cum reclaimers.<ref name=":10" /> It is connected to [[Maharashtra]] and [[Karnataka]] hinterlands via [[South Central Railway zone|South Central Railways]] and [[Konkan Railway]]s.<ref name=":10" />

=== Kattupalli Port ===
{{Main|Kattupalli Shipyard}}
Kattupalli Port lies 24&nbsp;km north of [[Chennai Port]] and can handle 18 MMT cargo,{{Citation needed|date=March 2023}} including containers, breakbulk, and project cargo.<ref name=":12">{{Cite web |title=Kattupalli Port {{!}} Adani Ports and SEZ |url=https://www.adaniports.com/ports-and-terminals/kattupalli-port |access-date=2023-03-02 |website=www.adaniports.com}}</ref> It can berth fully loaded [[Capesize|Capesize vessels]] and container vessels.{{Citation needed|date=March 2023}} It has a DPD warehouse within the container for movement of AEO and DPD consignments and a 45,000 sq. ft. warehouse with off-dock CFS. [[Kattupalli]] Port is connected to all CFSs/ICDs/SEZs in Chennai for imports and exports.<ref name=":12" /> <!-- too many undefined acronyms -->

=== Kamarajar Port ===
[[Kamarajar Port Limited|Kamarajar Port]] (formerly known as Ennore Port) is a container terminal located in the northern suburbs of Chennai.<ref name=":13">{{Cite web |title=Ennore Container Terminal, Chennai, Tamil Nadu |url=https://www.adaniports.com/ports-and-terminals/ennore-terminal |access-date=2023-03-02 |website=www.adaniports.com}}</ref> It can handle 12 MMT cargo.{{Citation needed|date=March 2023}} It is connected to the hinterland by roads, including the upcoming EMRIP project and Northern Port Access Road.<ref name=":13" />

=== Tuna Terminal ===
{{Main|Tuna Port}}
In 2012, the [[Kandla Port|Kandla Port Trust (KPT)]], longtime operator of Kandla Port (20km to the northeast of Tuna Tekra) proposed to improve access for larger vessels by authorizing construction of a modern, four-berth, deep draft terminal at Tuna Tekra. Kandla Port reached an agreement with Adani Ports & SEZ for construction of a new, mechanized, four-berth terminal with direct unloading facilities for coal, iron ore, and other dry bulk goods.<ref name="Proposal">{{cite news | url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-gets-nod-to-build-dry-bulk-terminal-at-kandla/articleshow/12056021.cms | title=Adani Ports gets nod to build dry bulk terminal at Kandla | newspaper=The Economic Times | date=27 February 2012 }}</ref>

Tuna Port is an all-weather, berthing on arrival port with the largest coal import terminal of 35,000 MT/Day discharge rate{{Citation needed|date=March 2023}} near Kandla Port.<ref name=":14">{{Cite web |title=Tuna Terminal {{!}} Adani Ports and Logistics |url=https://www.adaniports.com/Ports-and-Terminals/Tuna-Terminal |access-date=2023-03-02 |website=www.adaniports.com}}</ref> It has a capacity of 2 crore (20 million) tonnes per year and can handle 1,30,00 DWT vessels at berth.{{Citation needed|date=March 2023}} It can handle all kinds of dry bulk and breakbulk cargo including coal, fertilizer, agri-products, steel cargo, and minerals, and it is equipped with a fully integrated high-speed conveyor system.<ref name=":14" /> It is connected to National Highway (NH) 8A.<ref name=":14" />

=== Agardana Shipyard & Terminals ===
Agardanda Terminal is an under construction 1,50,000 MT Container terminal located in [[Agardanda]], [[Maharashtra]] which was previously built as a shipyard and container terminal under the agreement with the Maharashtra Maritime Board, State Government of Maharashtra. Adani took over the project in 2021.<ref>{{cite web | url=https://gkmarines.com/landsellings.php | title=GK Marine &#124; Ports & Infra SEZ PVT Ltd }}</ref><ref>{{cite web |title=Port & Terminal Information Book |url=https://origin-webapp.adaniports.com/-/media/Project/Ports/PortsAndTerminals/Dighi-Port/Trade-Notice/Final-DPLPort-Information-BookletVer11converted-1converted.pdf |website=Adani Ports |date=1 March 2023}}</ref>

=== Dighi Port ===
{{Main|Dighi Port}}
Dighi Port was acquired by APSEZ in February 2021, with the intention of being an alternative to the [[Jawaharlal Nehru Port]], in [[Navi Mumbai]].<ref>{{Cite web|last=Jaiswal|first=Priya|date=2021-02-17|title=Adani Ports acquires Dighi Port, earmarks Rs 10K cr for new gateway into Maharashtra|url=https://www.indiatvnews.com/business/news-adani-ports-acquires-dighi-port-earmarks-rs-10k-crore-new-gateway-into-maharashtra-685428|access-date=2021-02-17|website=www.indiatvnews.com|language=en}}</ref><ref>{{Cite web|date=2021-02-17|title=Adani acquires Dighi Port for Rs 705 crore - OrissaPOST|url=https://www.orissapost.com/adani-acquires-dighi-port-for-rs-705-crore/|access-date=2021-02-17|website=Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST|language=en-US}}</ref>

=== Gopalpur port ===
{{Main|Gopalpur port}}

In March 2024, Adani Ports and Special Economic Zone announced the acquisition of a 95% stake in [[Gopalpur port]], located in [[Odisha]], for approximately $162 million. This strategic move aims to enhance Adani Ports' presence along India's east coast. Gopalpur Port, handling a diverse mix of dry bulk cargo such as iron ore, coal, limestone, ilmenite, and alumina, is set to join Adani's expansive port network. This acquisition further supports Adani's goal to achieve cargo volume parity between India's eastern and western coasts and bolsters its integrated logistics framework. <ref>{{Cite news |last=Mishra |first=Lalatendu |date=2024-03-25 |title=Adani Ports acquires Odisha's Gopalpur Port for ₹3,500 crore |url=https://www.thehindu.com/business/Industry/shapoorji-pallonji-group-sells-gopalpur-port-in-odisha-to-adani-ports-for-3350-crore/article67992291.ece |access-date=2024-06-06 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref> <ref>{{Cite news |date=2024-05-02 |title=Adani Ports guides for Rs 10,500-11,500 cr capex in FY25, banks on Gopalpur Port to achieve 500 MMT cargo volumes |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/adani-ports-guides-for-rs-10500-11500-cr-capex-in-fy25-banks-on-gopalpur-port-to-achieve-500-mmt-cargo-volumes/articleshow/109778992.cms?from=mdr |access-date=2024-06-06 |work=The Economic Times |issn=0013-0389}}</ref>

==Awards and recognition==
In 2019, the organisation won an 'Honorary Special Mention' award at the first-ever National Corporate Responsibility (CSR) Award ceremony.<ref>{{Cite web |title=National CSR Awards |url=https://www.csr.gov.in/content/csr/global/master/home/national-csr-awards/national-csr-awards.html#:~:text=Ministry%20of%20Corporate%20Affairs%2C%20Government,of%20CSR%20initiatives%20in%20India. |access-date=2 March 2023 |website=National CSR Portal}}</ref><ref name=":15" /><ref name=":16" /><ref name=":17" /> The award was presented by [[Ministry of Finance (India)|Finance Minister]] [[Nirmala Sitharaman]] and her deputy, [[Anurag Thakur]].<ref>{{Cite web |last=Zaidi |first=Ammar |date=2 November 2019 |title=Adani Ports & SEZ gets National CSR award |url=https://in.news.yahoo.com/adani-ports-sez-gets-national-135225934.html |url-status=dead |archive-url=https://web.archive.org/web/20191104135938/https://in.news.yahoo.com/adani-ports-sez-gets-national-135225934.html |archive-date=4 November 2019 |access-date=2020-05-04 |website=Yahoo News |language=en-IN}}</ref><ref name=":15">{{Cite web|title=Adani Ports & SEZ gets National CSR award|url=https://www.devdiscourse.com/article/business/728857-adani-ports-sez-gets-national-csr-award|website=Devdiscourse|language=en|access-date=2020-05-04}}</ref><ref name=":16">{{Cite news|agency=Press Trust of India|date=2019-11-01|title=Adani Ports & SEZ gets National CSR award|work=Business Standard|url=https://www.business-standard.com/article/pti-stories/adani-ports-sez-gets-national-csr-award-119110101238_1.html|access-date=2020-05-04}}</ref><ref name=":17">{{Cite web|title=Adani Ports & SEZ gets National CSR award - Times of India|url=https://timesofindia.indiatimes.com/business/india-business/adani-ports-sez-gets-national-csr-award/articleshow/71856122.cms|date=1 November 2019|website=The Times of India|language=en|access-date=2020-05-04}}</ref>

== Controversies ==
{{POV section|date=October 2022}}

=== Violation of environmental norms ===
A committee chaired by [[Sunita Narain]] of the [[Centre for Science and Environment]], was set up by the Union [[Ministry of Environment and Forests (India)|Ministry of Environment and Forests]] to inspect the [[Ship breaking|ship-breaking]] facility of APSEZ near [[Mundra]] West Port in Gujarat's [[Kutch]] district.<ref name=":18">{{Cite news |date=2013-09-04 |title=Environment ministry slaps Rs 200 crore fine on Adani group |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/environment-ministry-slaps-rs-200-crore-fine-on-adani-group/articleshow/22274111.cms |access-date=2023-03-02 |issn=0013-0389}}</ref><ref name=":19">{{Citation |last1=Narain |first1=Sunita |title=REPORT OF THE COMMITTEE FOR INSPECTION OF M/s ADANI PORT & SEZ LTD. MUNDRA, GUJARAT |date=April 2013 |url=https://moef.gov.in/wp-content/uploads/2019/10/adani-report-290413.pdf |place=New Delhi |publisher=Ministry of Environment and Forests |access-date=2 March 2023 |last2=Ramesh |first2=R. |last3=Mehrotra |first3=A. |last4=Kapur |first4=Lalit |last5=Gnanamuthu |first5=Antony}}</ref> The committee, which submitted its report on 18 April 2013, found incontrovertible evidence of destruction, blocking of creeks, and non-compliance of other clearance conditions.<ref name=":18" /><ref name=":19" /> Subsequently, on 29 July 2013, a public hearing for the project was held where people from four project-affected villages and nearby locations attended the public hearing at Tunda village in Mundra taluka and posed questions about the project and its impact on the environment. The public hearing was successfully completed with the answers to each question asked by villagers. {{citation needed|date=April 2020}} APSEZ was fines Rs 200 crore by the Ministry of Environment and Forests.<ref name=":18" />

=== Myanmar activities ===
On 30 March 2021, the group of activists Justice for Myanmar released a press statement regarding the international activities of Adani Ports & SEZ.<ref name=":20">{{Cite web |date=30 March 2021 |title=PORT OF COMPLICITY: ADANI IN MYANMAR |url=https://www.justiceformyanmar.org/stories/port-of-complicity-adani-in-myanmar |access-date=2021-04-01 |website=Justice for Myanmar |language=en-EN}}</ref> They accused Adani of building a container port in [[Yangon]], Myanmar on land leased from the [[Myanmar Economic Corporation]] (MEC), a military-run business conglomerate, which was directly contributing financially to the Myanmar Junta after the [[2021 Myanmar coup d'état|2021 coup]].<ref name=":20" /> The Australian Broadcasting Corporation corroborated the reporting of Justice for Myanmar including video evidence.<ref>{{Cite news |last=Robertson |first=Josh |date=2021-03-29 |title=Adani denies engaging with Myanmar's military leaders over port deal but video suggests otherwise |language=en-AU |work=ABC News |url=https://www.abc.net.au/news/2021-03-30/queensland-adani-ports-myanmar-military-deal/100032156 |access-date=2023-03-02}}</ref> MEC and its subsidiaries are sanctioned by US, UK and EU.<ref name=":20" /> On 7 March 2022, the [[Government Pension Fund of Norway]] placed the company under observation due to "unacceptable risk that the company contributes to or is responsible for serious violations of individuals’ rights in situations of war or conflict".<ref>{{cite web |date=7 March 2022 |title=Decisions on observation and exclusion |url=https://www.nbim.no/en/the-fund/news-list/2022/decisions-on-observation-and-exclusion/ |website=Norges Bank Investment Management}}</ref><ref>{{cite web |date=7 March 2022 |title=Adani Ports & Special Economic Zone Ltd |url=https://etikkradet.no/adani-ports-special-economic-zone-ltd-2/ |website=Council on Ethics, Government Pension Fund Global}}</ref> In October 2021, APSEZ announced that they would be "exiting the company's investment in Myanmar" after a risk management committee's review.<ref>{{Cite news |last1=R |first1=Sethuraman N. |last2=Varadhan |first2=Sudarshan |date=2021-10-27 |title=India's Adani Ports scraps Myanmar container terminal plans |language=en |work=Reuters |url=https://www.reuters.com/world/india/indias-adani-ports-says-it-will-exit-myanmar-investment-2021-10-27/ |access-date=2023-03-02}}</ref>

=== CWC land grabbing ===
[[Supreme Court of India|The Supreme Court of India]] overturned an order given by the [[Gujarat High Court]] that allowed Adani Ports SEZ to reportedly take over 34 acres of land owned by [[Central Warehousing Corporation]] adjacent to the latter's Mundra Port.<ref>{{Cite web |title=Dispute between state-run CWC and Adani Ports |url=https://www.financialexpress.com/industry/dispute-between-state-run-cwc-and-adani-ports/2709634/ |access-date=2022-10-14 |website=Financialexpress |date=14 October 2022 |language=en}}</ref> The highest court in India issued a rebuke to Gujarat High Court for "adopting dual standards" when making its decision in favour of a business group.<ref>{{Cite web |author=Dhananjay Mahapatra|date=Oct 14, 2022 |title=Supreme Court stops Adani takeover of CWC warehouse, raps HC {{!}} India News - Times of India |url=https://timesofindia.indiatimes.com/india/supreme-court-stops-adani-takeover-of-cwc-warehouse-raps-hc/articleshow/94846842.cms |access-date=2022-10-14 |website=The Times of India |language=en}}</ref><ref>{{Cite web |last=Mishra |first=Bhavini |date=2022-10-13 |title=SC grants relief to CWC in row with Adani Ports on alleged land takeover |url=https://www.business-standard.com/article/companies/sc-grants-relief-to-cwc-in-row-with-adani-ports-on-alleged-land-takeover-122101301191_1.html |access-date=2022-10-14 |website=www.business-standard.com |language=en}}</ref>

===Allegations of stock manipulation ===
In January 2023, [[Hindenburg Research]] published the findings of a two-year investigation claiming that Adani had engaged in [[market manipulation]] and accounting malpractices.<ref name="report" /><ref name=":21" /><ref name=":22" /><ref name=":23" /> Hindenburg also disclosed that it was holding [[Short (finance)|short positions]] on Adani Group companies.<ref name="report">{{cite web |url=https://hindenburgresearch.com/adani/ |title=Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History |date=January 24, 2023 |website=hindenburgresearch.com |publisher=[[Hindenburg Research]] |access-date=January 24, 2023 }}</ref><ref name=":21">{{cite news |last1=Thomas |first1=Chris |last2=Kalra |first2=Aditya |title=Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge |url=https://www.reuters.com/markets/asia/hindenburg-says-holds-short-positions-indias-adani-flags-risks-2023-01-25/ |access-date=25 January 2023 |work=[[Reuters]] |date=25 January 2023 |language=en}}</ref><ref name=":22">{{cite news |last1=Sorkin |first1=Andrew Ross |last2=Mattu |first2=Ravi |last3=Warner |first3=Bernhard |last4=Kessler |first4=Sarah |last5=Merced |first5=Michael J. de la |last6=Hirsch |first6=Lauren |last7=Livni |first7=Ephrat |title=A Short Seller Takes Aim at an Indian Corporate Giant |url=https://www.nytimes.com/2023/01/25/business/dealbook/short-seller-hindenburg-adani.html |access-date=25 January 2023 |work=[[The New York Times]] |date=25 January 2023}}</ref><ref name=":23">{{cite news |last1=Lockett |first1=Hudson |title=Adani shares take $10.8bn hit after Hindenburg bets against group |url=https://www.ft.com/content/4aedaaf9-9ee8-4334-945c-12ac08429d6a |access-date=25 January 2023 |work=[[Financial Times]] |date=25 January 2023}}</ref> Bonds and shares of companies associated with Adani experienced a decline in value after the accusations.<ref>{{cite news |last1=Lee |first1=Jihye |title=Adani shares fall as short seller firm Hindenburg announces short position |url=https://www.cnbc.com/2023/01/25/adani-group-hindenburg-short-position.html |access-date=25 January 2023 |work=[[CNBC]] |date=25 January 2023 |language=en}}</ref><ref>{{cite news |last1=Kay |first1=Chris |last2=Vishnoi |first2=Abhishek |last3=Joshi |first3=Ashutosh |title=Hindenburg Targets Asia's Richest Man, Triggering Adani Selloff |url=https://www.bloomberg.com/news/articles/2023-01-25/adani-group-stocks-drop-after-hindenburg-takes-short-position |access-date=25 January 2023 |work=[[Bloomberg News]] |date=25 January 2023 |language=en}}</ref> Adani denied the fraud allegations as 'unfounded and ill intentioned'.<ref name="madhok-2023">
{{cite news
 | last1 = Madhok | first1 = Diksha
 | title = Asia's richest man slams short-seller's fraud claims as 'baseless' and 'malicious'
 | date = 25 January 2023
 | language = en
 | work = CNN Business
 | location = Atlanta, Georgia, USA
 | url = https://www.cnn.com/2023/01/25/business/india-adani-shares-plunge-hindenburg-report-hnk-intl/index.html
 | access-date = 25 January 2023
}}
</ref>

===Auditor's concerns===
In May 2023, the company's auditor, [[Deloitte]], issued a [[Auditor%27s_report#Qualified_Opinion_report|qualified opinion]] on the company's financial reports, as it could not verify whether certain transactions were with unrelated or [[related party transaction|related parties]].<ref name="BloomB220623">{{cite news |last1=Melin |first1=Anders |last2=Antony |first2=Anto |title=Hindenburg's Adani Strike Adds Pressure on India's Already Wary Auditors |url=https://www.bloomberg.com/news/articles/2023-06-23/hindenburg-adani-fraud-allegations-add-pressure-on-already-wary-auditors |access-date=23 June 2023 |publisher=Bloomberg |date=22 June 2023}}</ref> In August 2023, Deloitte resigned as the company's auditor citing its inability to scrutinize the company's transactions with other group companies of which it was not a statutory auditor.<ref>{{cite news |last1=Cornish |first1=Chloe |title=Deloitte resigns from Adani Ports as auditor |url=https://www.ft.com/content/5b0cafdb-52ec-404e-9efc-a9630acc9315 |access-date=10 September 2023 |work=Financial Times |date=13 August 2023}}</ref><ref>{{cite news |title=Deloitte's resignation from Adani Ports: Convincing or unconvincing? – ETCFO |url=https://cfo.economictimes.indiatimes.com/news/governance-risk-compliance/deloittes-resignation-from-adani-ports-convincing-or-unconvincing/102792215 |access-date=10 September 2023 |work=The Economic Times |language=en}}</ref>

==See also==
* [[List of ports in India]]

==References==
{{reflist|2}}

==External links==
*{{official website}}
*{{URL|https://www.adaniagrilogistics.com|Adani Agri Logistics}}

{{Adani Group}}
{{Nifty 200 companies}}
{{S&P CNX Nifty companies}}

{{DEFAULTSORT:Adani Ports and SEZ Limited}}
[[Category:1998 establishments in Gujarat]]
[[Category:Transport companies established in 1998]]
[[Category:Infrastructure in India]]
[[Category:Adani Group]]
[[Category:NIFTY 50]]
[[Category:Indian companies established in 1998]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]