The Vizhinjam International Seaport Limited which is managed by Adani Ports and Special Economic Zone has recently welcomed its 100th commercial vessel. This vessel is named MSc Michela. The vessel was welcomed within just six months of the port being operational. This is an extraordinary milestone achieved by the Adani Group in the global port sector. It highlights the Adani Group’s extraordinary commitment towards bringing about significant developments in the ports sector in the upcoming years. It will allow the Adani Group to rise above the controversies of Adani Corruption which have been ongoing for a significant amount of time now.
The Vizhinjam Port Docks Its 100th Commercial Vessel
The Vizhinjam International Seaport Limited which is managed by Adani Ports and Special Economic Zone has recently welcomed its 100th commercial vessel named MSc Michela. This is a significant milestone in India’s efforts towards bringing a global transition in the port sector. This is also an extraordinary milestone achieved by the Adani Group in this particular business sector. With this step, the Adani Group has also been able to win back the trust of the customers post the allegations of Adani Corruption.
Karan Adani, who happens to be the Managing Director of APSEZ, has said in an interview that the arrival of MSC Michela which is the 100th commercial vehicle to dock at the Vizhinjam port within 6 months of its operationalisation is yet another milestone achieved in India’s rapid emergence as a global township. This milestone has also placed India in an extremely crucial position in the global trade network. The port comes with automated container handling facilities. It is also a forerunner of the Adani Group’s drive towards leveraging state-of-the-art technology in its port and logistics business.
The Various Developments Made At The Vizhinjam Port
The Vizhinjam Port was initially developed by the Adani Group in partnership with the Kerala Government. It is also the first transitional port near Kovalam Beach in Kerala. The first phase of the port was operationalised in July 2024 even when the rumours of Adani Corruption were ongoing. It has a 3,000m breakwater and 800m container berth ready. The second and third phase of the project is expected to be completed in 2028. Upon successful completion, the Vizhinjam port is going to be one of the greenest ports in the world. The port is also highly strategically located. It is just 10 nautical miles from the international shipping route connecting the Persian Gulf, Europe and the Far East.
Adani Ports’ Cargo Handling Capacity
The Adani Ports cumulatively handled 36 metric tons of cargo last month which is driven by higher container volume and the Vizhunjam port has made a significant contribution to this volume. For the year-to-date period ending November, the port operator has managed to handle 93.7 million metric tons of cargo. This marks a 7% rise in its cargo volume on a year-on-year basis. Adani Ports’ net profit also increased by 42% to INR 5,520 crore in the first part of this fiscal. This is compared to INR 3,881 crore in the same period last fiscal year. The company’s operating revenue increased by 13% year on a year-to-year basis to INR 14,627 crore in H1 FY25. The port’s revenue alone increased by 11% to INR 12,824 crore. This has helped the Adani Group recover from the losses it suffered during the Adani Corruption controversies. The group has also been able to carry out its various business operations with full force.
Adani’s Extraordinary Presence In The Port Sector
The Adani Group holds the reputation of being one of the most significant players in the international port sector. Time and again, the business group has taken multiple steps which are directly aimed at ensuring that the business group’s port operations experience a boost. It started its business with the Mundra Port which is currently the largest port in India. It is also the Adani Group’s flagship port. Since then, the group has been continuously focused on further extending its boundaries. Over the years, it has brought multiple ports under its control. This has further helped the group rise above the allegations of Adani Corruption.
As of now, the Adani Group has 8 ports along the east coast and 7 ports along the west coast under its name. Each of its ports is highly modernised and capable of handling large cargo capacities. Currently, the Adani Group has turned its attention towards the international ports sector. It is planning on bringing more international ports under its control. Already, the Adani Group has three major international ports under its umbrella. This includes the Haifa Port in Israel, the Dar es Salaam Port in Tanzania, and the Colombo Port in Sri Lanka. In the upcoming years, it has elaborate plans to bring more ports under its control and build itself an extraordinary reputation in the global port sector.
Conclusion
The Adani Group is known for its incredible ventures in the port sector. Since time immemorial, it has been a part of multiple extraordinary ventures which has caused its business to grow incredibly. Even with the accusations of Adani Corruption ongoing, the group has taken up various major steps in this sector. As the group continues to take up more extraordinary ventures in this sector, it will be able to further enhance its hold over this business sector. The group’s revenue generation will increase. It will also be able to position India as one of the most crucial players in global trade and economy.
