History of The Company

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History of the company

Adani Ports and Special Economic Zone Limited (APSEZ) is India’s largest private multi-
port operator. It is a part of the Adani Group, an integrated infrastructure corporation. The
company (earlier known as Mundra Port & Special Economic Zone Ltd.) changed its name
to Adani Ports and Special Economic Zone Limited on January 6, 2012. Adani Ports and
Special Economic Zone Limited is an India-based port infrastructure company. The Company
is engaged in the business of developing, operating and maintaining the Port and Port-based
related infrastructure facilities, including Multi product Special Economic Zone (SEZ). Its
segments include Port and SEZ Activities, and Others. Its Others Segment mainly includes
Aircraft Operating Income and Services. The Company also provides logistics and
infrastructure that moves goods from the port to customers. Its port services include marine,
handling intra-port transport, storage, other value-added and evacuation services for a range
of customers, primarily terminal operators, shipping lines and agents, exporters, importers
and other port users. The categories of cargo handled at the Company's ports are bulk,
containers and crude oil The Company commenced operations at Mundra Port and currently
operates 10 ports in India comprising 45 berths and 14 terminals across 6 states of including
Gujarat, Goa, Andhra Pradesh, Tamil Nadu, Odisha and Kerala.
In less than two decades, we have built, acquired and developed an unparalleled portfolio of
ports infrastructure and services across India - for India. Our ten strategically located ports and
terminals represent 24% of the country’s port capacity, handling cargo of vast hinterland,
demonstrating that when it comes to servicing core national needs, Adani Ports is prepared
with scale, scope and speed.
Adani Ports and Special Economic Zone Ltd. (APSEZ) provides Dredging and Reclamation
solutions, primarily for port and harbor construction. The Adani Group started investing in
developing a dredging fleet in 2005. At present, APSEZ operates a fleet of 19 dredgers which
is the largest capital dredging capacity in India.
APSEZ is the seamless integration of 3 verticals consisting of Ports, Logistics and Special Economic Zone. The
company has pan India presence in ten locations with the flagship Mundra port in the Gulf of Kachchh, also
India’s largest commercial port.
Vision
To be a world class leader in businesses that enrich lives and contribute to nations in building
infrastructure through sustainable value creation.

Mission.

To assimilate knowledge, develop capabilities and manage collective enterprise to profitably


tap global business opportunities for the benefit of everyone associated with Adani.

Awards
 All-India Maritime and Logistics Awards (MALA) in 2015 and 2013 respectively.
 Best Emerging Company of the year - ET Awards 2014
 Super Brands 8th Edition - Among the exclusive winners
 Private Port of the Year by Gateway Awards of Excellence- Ports & Shipping
 D&B- Axis Bank Infra Award for Port Development
 IAPH Busan Open Award (Mundra Port) , making it one of C-40 Best Green Ports in the World
 Mundra Port was, recognized by The International Association of Ports and Harbors (IAPH),among 55 top
ports of the world, to commit to jointly reduce the threat of global climate change

Objective:

Sustainability is a corporate agenda for APSEZ to deliver overarching principle of tipple


bottom-line. Adani Ports is striving towards becoming Green Port by
managing port operations and services responsibly, creating safe, secure and eco-friendly
working environment at all sites and workplaces.
We were incorporated as Gujarat Adani Port Limited on May 26, 1998, and commenced phased operations at Mundra
Port in October 1998 with commercial operations beginning in October 2001. We were initially promoted by Adani Port
Limited and Gujarat Port Infrastructure Development Company Limited, an undertaking of the Government of Gujarat.

We entered into a Concession Agreement with the GMB and the Government of Gujarat on February 17, 2001 pursuant
to which we have been granted the right to develop and operate Mundra Port located at the Navinal Island in the Kutch
region for a period of 30 years.

Pursuant to an order of the High Court of Gujarat, Adani Port Limited merged with us with effect from April 1, 2003.
Further, MSEZ and ACL were merged with us with effect from April 1, 2006.

We received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas from the
Government of India on April 12, 2006. We have already received notification from the Government of India with respect
to land covering 2,406.8 hectares (approximately 5,947 acres) on June 23, 2006. On July 3, 2007, we received a
subsequent notification with respect to an additional 251.4 hectares of land, resulting in a total of 2,658.2 hectares
(approximately 6,568 acres). Such notification is granted only once land is in the possession of a developer, and as we
further acquire land in and around Mundra, we will look to receive additional notifications in relation to such further
acquired land.

In order to reflect the significance of the SEZ status and the changing nature of our business, we changed our name
from Gujarat Adani Port Limited to Mundra Port and Special Economic Zone Limited with effect from July 7, 2006.

Adani Ports and Special Previous Years »


Economic Zone
Standalone Yearly Results ------------------- in Rs. Cr. -------------------

Mar '18 Mar '17 Mar '16 Mar '15 Mar '14

Net Sales/Income from operations 6,533.82 4,878.86 4,619.17 3,561.26 4,035.80


Other Operating Income -- -- -- 348.10 309.98
Total Income From Operations 6,533.82 4,878.86 4,619.17 3,909.36 4,345.78
EXPENDITURE
Consumption of Raw Materials -- -- -- -- --
Purchase of Traded Goods -- -- -- -- --
Increase/Decrease in Stocks -- -- -- -- --
Power & Fuel -- -- -- -- --
Employees Cost 193.78 210.99 178.92 157.56 117.00
Depreciation 470.52 540.71 519.32 488.62 455.71
Excise Duty -- -- -- -- --
Admin. And Selling Expenses -- -- -- -- --
R & D Expenses -- -- -- -- --
Provisions And Contingencies -- -- -- -- --
Exp. Capitalised -- -- -- -- --
Other Expenses 1,893.40 920.49 1,132.98 1,144.38 1,488.71
P/L Before Other Inc. , Int., Excpt. Items
3,976.12 3,206.67 2,787.95 2,118.80 2,284.36
& Tax
Other Income 1,607.32 1,284.67 1,172.77 738.16 679.75
P/L Before Int., Excpt. Items & Tax 5,583.44 4,491.34 3,960.72 2,856.96 2,964.11
Interest 1,456.88 1,198.40 854.45 708.79 753.86
P/L Before Exceptional Items & Tax 4,126.56 3,292.94 3,106.27 2,148.17 2,210.25
Exceptional Items -297.38 -- -- -- --
P/L Before Tax 3,829.18 3,292.94 3,106.27 2,148.17 2,210.25
Tax 1,421.08 192.33 141.77 -34.97 194.08
P/L After Tax from Ordinary Activities 2,408.10 3,100.61 2,964.50 2,183.14 2,016.17
Prior Year Adjustments -- -- -- -- --
Extra Ordinary Items -- -- -- -- --
Net Profit/(Loss) For the Period 2,408.10 3,100.61 2,964.50 2,183.14 2,016.17
Equity Share Capital 414.19 414.19 414.19 414.01 414.01
Reserves Excluding Revaluation
17,703.19 16,284.78 13,151.62 10,786.34 8,919.07
Reserves
Equity Dividend Rate (%) 100.00 65.00 -- 55.00 50.00
EPS Before Extra Ordinary
Basic EPS 11.63 14.97 14.31 10.55 9.80
Diluted EPS 11.63 14.97 14.31 10.55 9.80
EPS After Extra Ordinary
Basic EPS 11.63 14.97 14.31 10.55 9.80
Diluted EPS 11.63 14.97 14.31 10.55 9.80
Public Share Holding
No Of Shares (Crores) -- -- -- 51.75 51.75
Share Holding (%) -- -- -- 25.00 25.00
Promoters and Promoter Group Shareholding
a) Pledged/Encumbered
- Number of shares (Crores) -- -- -- 12.13 3.70
- Per. of shares (as a % of the total sh. of
-- -- -- 7.81 2.39
prom. and promoter group)
- Per. of shares (as a % of the total
-- -- -- 5.86 1.79
Share Cap. of the company)
b) Non-encumbered
- Number of shares (Crores) -- -- -- 143.12 151.55
- Per. of shares (as a % of the total sh. of
-- -- -- 92.19 97.61
prom. and promoter group)
- Per. of shares (as a % of the total
-- -- -- 69.14 73.21
Share Cap. of the company)
Notes |201803 |201703 |201603 |201503 |201403

Source : Dion Global Solutions Limited

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