The deal reflects Adani Ports’ strategy to scale up its global footprint and tap rising offshore logistics demand in Europe, as it seeks to diversify beyond its core domestic port business and build a meaningful presence in maritime services.
The move also comes after the ports operator forecast slower core earnings growth in fiscal 2027 due to US tariffs and the Iran war.
The company, part of billionaire Gautam Adani’s conglomerate, had last month outlined capital expenditure of INR120 billion to INR140 billion for fiscal 2027, while projecting revenue of INR430 billion to INR450 billion.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)