Ahmedabad, March 11 (IANS). Adyani Ports and Special Economic Zone Limited (APSEZ) is in good condition to take advantage of long -term development in India. The reason for this is the company’s business to be related to the development of the country. This information was given in the report of McGry Equity Research.
Along with this, McWery has given APSEZ rating outperform.
McWery said that Adaani Group’s company offers a variety of ports and cargo, supporting flexibility and the growing integrated nature of logistics offers will help to attract customers.
McWery said in his note that the visibility of operating cash flow remains good and has support from the customer partnership. Because of this, the company has been given the rating of the outperform.
Adani Ports is India’s largest private port operating company and aims to achieve double rate of cargo volume in the country.
McCweri believes that the variety of cargo handling, ports of ports, inland connectivity, customer partnership and early-muver advantage will benefit the company.
The company handled the highest monthly cargo volume of 39.9 million metric tons (MMT) in January, 13 per cent higher than last year. The company has planned a capital expenditure of Rs 800 billion to increase domestic business during FY 2025-29. During the financial year 2015-24, the company incurred a capital expenditure of Rs 420 billion.
According to McCweri, “This includes domestic ports (Rs 450-500 billion) and logistics (Rs 200-250 billion). The APSEZ will also evaluate international port expansion opportunities. By 2030, its target is 800-850 MMT domestic cargo volume, which means that 11 percent CAGR will be increased in domestic cargo during FY13 to FY13 to FY13 to FY13.
-IANS
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