In a strategic move to bolster its capital structure and fund future growth, Adani Ports and Special Economic Zone Ltd. (APSEZ) has announced plans to raise up to ₹6,000 crore through the issuance of Non-Convertible Debentures (NCDs). The board of the logistics and port management giant has approved this fundraising initiative to support capital expenditure, refinance existing debt, and meet general corporate purposes.



Robust Financial Performance Sets the Stage

This decision comes on the heels of an impressive financial performance. For the January-March quarter of fiscal 2025, Adani Ports reported a 48% surge in consolidated net profit, reaching ₹3,014 crore, up from ₹2,039 crore in the same period last year. The company also saw a substantial 23.1% increase in revenue, rising to ₹8,488.44 crore from ₹6,896.5 crore a year ago. This robust growth underscores the company's strong operational efficiency and market leadership in India’s maritime logistics sector.



Details of the NCD Offering

The proposed NCDs will be:



Secured, rated, listed, and redeemable



Issued through private placement

Issued in one or more tranches, depending on market conditions and requirements



Listed on BSE and/or NSE



The terms of the issuance—such as coupon interest, payment schedule, principal amount, and tenure—will be decided at the time of issuance. The debentures may also include ‘call’ and ‘put’ options, offering additional flexibility in the structuring of the instruments.



Strategic Outlook

This move reflects Adani Ports’ commitment to prudent financial planning and strategic investment. By tapping into the debt markets via NCDs, the company aims to optimize its cost of capital, support ongoing infrastructure expansion, and maintain its leadership position in the port and logistics industry.



As India's demand for integrated logistics and maritime infrastructure continues to grow, Adani Ports is well-positioned to leverage this momentum with a strengthened capital base.