Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The move is aimed at leveraging the growing demand for
iron ore and coal imports as well as the export of finished goods.
The Gautam
Adani-led conglomerate plans to increase its overall port
handling capacity from around 600 million tonnes per annum to 800 million
tonnes in the next two years. The
expansion would primarily be achieved through a series of international
acquisitions, the report cited sources as saying.
The group is targeting at least three large ports
across coastal Europe, Africa, and Southeast Asia, which aligns with it
strategy to enhance its global footprint, the report said.
The group manages its ports business under Adani Ports and Special Economic
Zone Ltd (APSEZ). The $3-billion capital expenditure is
expected to be funded through a combination of cash reserves, internal accruals
and debt, a source said.
The objective of the expansion is to increase the
contribution of international ports to APSEZ’s revenue from 10 percent to
approximately 20-25 percent within the next three years.
The
group operates port facilities in Israel, Sri Lanka, Indonesia, Tanzania, and
Australia.
