India’s biggest private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) aims to become the world’s largest port company by 2030, chief executive officer Karan Adani has said.

APSEZ also intends to emerge as the first global carbon-neutral port company by 2025 with the entire port cargo operations powered by renewable energy, Karan said in the firm’s annual report for 2020-21.

"We intend to enhance our country coverage beyond 90 percent, increasing market share from an existing 25 percent at the close of 2020-21 to a projected 40 percent by 2025," said Adani Ports' CEO Karan Adani in his message to the shareholders in the company's annual report.

APSEZ runs 12 ports and terminals across the western and eastern seaboards with a capacity to handle 498 million tonnes (mt) of cargo. In FY21, APSEZ handled 247 mt of cargo, accounting for 25 percent share of India’s EXIM cargo market. The company invested Rs26,000 crore in less than a year to expand its business by acquiring Dighi, Krishnapatnam and Gangavaram ports and other rail assets.

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