/Reuters Agency
The Indian company Adani Ports and Special Economic Zone forecast that the revenue of its logistics segment will grow multiple times by fiscal year 2029, as it expands into complementary services to protect itself from potential global economic risks.
The company, based in Ahmedabad, is expanding its presence in auxiliary port services, such as logistics and storage, as part of its efforts to diversify its offering and reduce dependence on core cargo handling operations.
The diversification aims to protect the business from potential risks arising from an economic slowdown or a drop in global trade activity.
India’s largest private port operator by volume indicated that the revenue of its logistics division is expected to increase to 140 billion rupees (1.590 billion dollars) by fiscal year 2029, five times more than the 28.81 billion rupees generated in the 2025 fiscal year.
Announcing its second-quarter results, the company noted that the division’s revenue surged 79% during the period and accounted for 11.5% of total revenue, up from 8% a year earlier.
Its profit increased by 27%, reaching approximately 31.09 billion rupees (about 354 million dollars), driven by strong cargo volume, thanks to robust domestic trade activity and consumption growth.
Revenue from operations increased 30% year-on-year, reaching 91.67 billion rupees. Total cargo volume grew 12%, reaching 124 million metric tons, higher than the 11% from the previous quarter and the 10% from the same period last year.
Last month, the smaller competitor JSW Infrastructure reported an increase in its second-quarter volumes, but its profits declined due to a downturn at its iron ore terminal, as demand for exports of that raw material was weak.
