THIRUVANANTHAPURAM, Kerala — Adani Ports and Special Economic Zone (SEZ) don announce plans to expand Vizhinjam International Deepwater Seaport for second phase, with wahala investment of ₹13,000 crore. Dis expansion go increase di port capacity to 5 million TEUs by 2028.
Since dem start trial operations for di port in June last year, dem don handle about 280 ships and manage 6 lakh TEUs of transshipment containers. Dis performance show say Vizhinjam dey grow as strong maritime hub wey fit boost trade and economy for di area.
Karan Adani, wey be di Managing Director of Adani Ports and SEZ, tok say Vizhinjam port dey operate at 90 percent utilization level. E express confidence say dis strong performance go help di company push forward with di expansion plans soon.
Mr. Adani yan say di ₹13,000 crore investment go come from Adani Ports and SEZ own pocket, show sey dem dey committed to di project long term and di potential e carry. Dis expansion go boost di handling capacity of Vizhinjam port, make am one of di major transshipment hubs for India coast.
Di planned increase to 5 million TEUs by 2028 na clear sign say Adani Ports get belief for di port strategic location and im ability to attract more maritime traffic.
For di January-March quarter of di fiscal year 2024-25, APSEZ reported 50% rise for dem net profit, wey reach ₹3,025 crore, up from ₹2,015 crore wey dem make di previous year. Dis growth dey driven by more cargo volumes and expansion for im logistics division.
Karan Adani also stress di strategic importance of di location of Vizhinjam, wey dey crucial for di Indian Ocean — one of di busiest trade routes for di world. Di expansion no be just improvement for APSEZ alone, e go position India as a key player for international trade.
With dis aggressive expansion strategy and bold plans to deepen di Vizhinjam project, di future dey bright for Adani Ports as dem dey work towards maintaining market leadership for di global maritime industry. Investors fit expect better returns from dis innovative infrastructure investments and rising port activities as APSEZ dey proud of im role for dis industry.
