In the meantime, Adani Ports’ consolidated revenue grew by 99% to more than US$614 million on account of an increase in cargo at the port by 83%, rail volume by 10%, and terminal volume by 13% in the company’s logistics business.
Chief Executive Officer and Whole Time Director of APSEZ, Karan Adani said that APSEZ became the first Indian infrastructure company to have raised a dual-tranche of 10.5-year and 20-year unsecured bond, further reducing the cost of capital to one of the lowest in the industry.
He also stated that the goal of the Indian operator to become the first port company to be carbon neutral by 2025 is very well on track.
