Adani Ports targets 1 billion tons cargo by 2030, seeing strong growth and investment.

Adani Ports aims to double its cargo volume to 1 billion tons by 2030, investing up to ₹80,000 crore. In November 2024, it handled 36 million metric tons of cargo, a 36% increase year-over-year, driven by a 21% rise in container growth. Analysts predict strong growth, with suggested upside potential of over 60% for its shares. The company projects annual growth in logistics EBITDA of 46% and aims for ₹36,500 EBITDA by 2029.

December 02, 2024
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