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Adani Ports & Special Economic Zone Ltd

NSE: ADANIPORTS BSE: 532921

1403.10

(4.33)%

Tue, 03 Feb 2026, 02:06 am

adani portsspecial economic zone ltd History

1994

  • Received GMB approval to set up captive jetty.

1998

  • Incorporated as Gujarat Adani Port Limited.
  • Phased operations commenced at Mundra Port.
  • Berths 1 and 2 became operational.

1999

  • Berths 3 and 4 became operational.

2001

  • Signed Concession Agreement with GMB.
  • Commercial operations began.
  • All 4 berths and mechanization fully operational; trial rail operations commenced.

2002

  • Signed agreements with GGSRL for SPM.
  • Signed agreements with IOC for SPM.
  • Signed railway agreements.

2003

  • Merged with Adani Port Limited effective April 1.
  • Signed sub-concession with MICT for container terminal.
  • Container terminal became operational.

2004

  • Signed shareholders agreement with Kutch Railway Company Limited.

2005

  • SPM became operational.

2006

  • Merged with MSEZ and ACL effective April 1.
  • Approved as SEZ developer on April 12.
  • Received SEZ notification for 2,406.8 hectares on June 23.
  • Changed name to Mundra Port and Special Economic Zone Limited effective July 7.
  • Operationalized 10 additional bulk berths.
  • Commenced double stack train operations.

2007

  • Received additional SEZ notification for 251.4 hectares.
  • Started operations at Terminal II.
  • Started operations at Container Terminal II.

2009

  • Maruti Suzuki A-star sailed to Europe from Mundra.
  • ADANI Auto Terminal commenced operations.

2010

  • Constructed four-lane 1.5 km RoB for Rs 50 crore.
  • Handled largest container vessel in India (LOA 332m).
  • Commissioned mini shipyard using balloon technology.
  • Operationalized 60 MMT automated import coal terminal.
  • Split share face value from Rs 10 to Rs 2.

2011

  • Crossed 50 MT cargo handling in FY 2010-11.
  • Completed acquisition of Abbot Point X50 Coal Terminal.
  • Handled record 1 million tonnes fertiliser cargo in November.

2012

  • Changed name to Adani Ports and Special Economic Zone Ltd.
  • Dahej Port commissioned 2nd jetty.
  • Signed MoU with Port of Baltimore.
  • Bagged Rs 1,200 crore bulk terminal project at Kandla.

2013

  • Formed JV with MSC for Mundra container terminal.
  • Signed MOU with Port of Zeebrugge.
  • Began liquid cargo handling at Hazira.
  • Set record for coal handling at Mundra Port.

2014

  • Acquired Dhamra Port.
  • Received environmental and CRZ approval for Mundra SEZ.

2015

  • Announced Scheme of Arrangement.
  • Commissioned bulk terminal at Tuna Tekra, Kandla.
  • Received Letter of Award for Vizhinjam Port project.
  • Received IND A1+ rating from India Ratings.
  • Signed pact with L&T for Kattupalli Port operations.

2016

  • Agreed to jointly develop Mundra transhipment hub with Terminal Investment.
  • Signed agreement to acquire ports operations company.
  • Entered Share Purchase Agreement for TM Harbour Services Private Limited.

2017

  • Raised USD 500 million via foreign currency bonds.
  • Raised Rs 1,000 crore through NCDs.
  • Signed JV with CMA CGM for Mundra container terminal.
  • Incorporated subsidiary Adani International Terminals Pte. Ltd.
  • Raised Rs 1,600 crore through NCDs.

2018

  • Adani and Total formed partnership for integrated downstream energy market.
  • Signed regasification pact with GAIL for Dhamra LNG terminal.
  • Completed acquisition of Kattupalli Port from L&T.
  • Signed regasification pact with Indian Oil for Dhamra LNG terminal.

2019

  • Acquired Snowman Logistics for INR 296 crore.
  • Became first Indian port operator to record 200 MMT cargo movement.

2020

  • Received Management band in CDP 2020.
  • Ranked 14th in Dow Jones Sustainability Emerging Markets Index transportation sector.
  • Completed acquisition of Krishnapatnam Port for Rs 12,000 crore.
  • Became first Indian port to join Science Based Targets Initiative.

2021

  • Acquired Gangavaram Port for Rs 6,200 crore.
  • Achieved highest quarterly volume growth of 83% and EBITDA growth of 82%.
  • Became India’s first infrastructure company to raise 20-year international financing.
  • Entered strategic partnership with Flipkart for logistics and data centres.
  • Increased ownership to 100% in Krishnapatnam Port for Rs 2,800 crore.

2022

  • Received top ranking in Moody's Global ESG rating.
  • Acquired 49.38% stake in Indian Oiltanking Ltd for Rs 1,050 crore.
  • Adani Logistics acquired ICD Tumb from Navkar Corporation.
  • Signed MoU with AD Ports Group for joint investments in Tanzania.
  • Acquired Ocean Sparkle, India’s largest marine services company.

2023

  • Cargo volumes crossed 300 MMT in 329 days.
  • Completed acquisition of Oiltanking India GmbH's 49.38% stake in Indian Oiltanking Ltd.
  • Handled highest-ever rail cargo of over 120 MMT in FY22-23.
  • Expanded strategic partnership with MSC.

2024

  • Acquired 80% stake in Astro Offshore for USD 185 million.
  • Shone in World Bank’s global container port rankings.
  • Signed 30-year concession to operate Container Terminal 2 at Dar es Salaam Port.
  • Acquired Gopalpur Port for INR 3,080 crore.
  • Adani Vizhinjam Port won International Safety Award.
  • Secured top position for climate actions and environmental performance.

2025

  • Partnered with Motherson Dighi Port to handle 200,000 cars per year.
  • Entered top 10 in 2024 S&P Global Corporate Sustainability Assessment rankings.
  • Acquired 50 MTPA capacity NQXT Australia.
  • Signed up to TNFD as adopter, committing to nature-related disclosures from FY26.

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