APSEZ Attains Historic AAA Rating: Become India’s First Private Infra Developer

Adani Ports and Special Economic Zone (APSEZ) has etched its name in history by securing an AAA rating from CARE Ratings, becoming the first large-sized private infrastructure developer in the country to achieve this prestigious recognition. This remarkable feat underscores APSEZ's unwavering commitment to excellence, resilience, and financial prudence.

The AAA rating, bestowed upon APSEZ by CARE Ratings, stands as a testament to the company's robust integrated business model, fortified industry position, and consistent market share growth coupled with healthy profitability.

Notably, APSEZ's exceptional liquidity and low leverage have also played pivotal roles in earning this distinguished accolade.

Throughout the fiscal year 2023-24, APSEZ demonstrated unparalleled prowess in handling cargo, registering a staggering volume of 419.95 million metric tonnes (MMT), marking a remarkable 24 percent increase compared to the preceding fiscal period.

This monumental achievement underscores APSEZ's unparalleled dominance in the maritime domain, showcasing a formidable growth trajectory unparalleled in the industry.

"We cherish the recognition for our financial discipline and commitment to deleveraging, our diversified asset base as well as our customer base, and the highest profitability in this sector globally." Karan Adani, M.D., APSEZ, said in a statement.

Taking to social media platforms to share the exhilarating news, Karan Adani hailed APSEZ's AAA credit rating as a monumental achievement, underscoring the company's robust business model, formidable industry position, and steadfast commitment to financial excellence.

This acknowledgment resonates deeply within the organisation, reaffirming its unwavering dedication to delivering unparalleled value to stakeholders while setting new benchmarks of excellence within the industry.

APSEZ's meteoric rise to prominence is further underscored by its stellar performance over the years, marked by a compounded annual growth rate (CAGR) of 15 percent in cargo volumes from fiscal year 2019 to 2024.

This stands in stark contrast to the 4% CAGR recorded by other Indian ports during the same period, further solidifying APSEZ's position as an industry trailblazer and a beacon of excellence.

As India embarks on a transformative journey towards bolstering its infrastructure backbone, APSEZ emerges as a shining exemplar of private sector prowess and resilience. With its unwavering commitment to innovation, sustainability, and operational excellence, APSEZ is poised to chart new frontiers, driving India's maritime economy towards unprecedented heights of prosperity and global competitiveness.