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May 1, 2024

APSEZ Makes History as India’s First Large-Scale Private Infrastructure Developer to Attain AAA Rating

In a significant milestone, Adani Ports and Special Economic Zone (APSEZ) announced on Wednesday that it has been accorded an AAA rating by CARE Ratings. This achievement marks a historic moment as APSEZ becomes the first large-sized private infrastructure developer in India to receive such recognition, according to a statement released by the company.

The AAA rating, as stated by the agency, is attributed to APSEZ’s robust integrated business model, formidable industry position, consistent market share growth, healthy profitability, high liquidity, and low leverage. This acknowledgment underscores APSEZ’s resilience and strong financial footing in the sector.

During the fiscal year 2024, APSEZ recorded a cargo volume of 419.95 million metric tonnes (MMT), marking a significant 24 percent increase compared to the previous fiscal year. This growth trajectory demonstrates the company’s capacity to efficiently handle cargo and its increasing prominence in the industry.

Karan Adani, Managing Director of APSEZ, expressed pride in the company’s achievement, stating, “We cherish the recognition to our financial discipline and commitment to deleveraging, diversified asset base as well as customer base and the highest profitability in this sector globally.” Adani emphasized APSEZ’s dedication to maintaining financial discipline and ensuring a diversified asset and customer base, leading to its position as a top performer in the global sector.

APSEZ, a key entity within the globally diversified Adani Group, has been instrumental in driving the group’s growth and contributing significantly to India’s infrastructure development. This latest accomplishment further solidifies APSEZ’s position as a leader in the industry and reflects positively on the Adani Group’s commitment to excellence and innovation.

The AAA rating signifies APSEZ’s ability to weather market challenges and its commitment to delivering value to stakeholders. It reflects the company’s adherence to stringent financial standards and its capability to sustain growth while ensuring financial stability.

The achievement also highlights the resilience of India’s private sector in infrastructure development and its potential to compete globally. APSEZ’s recognition sets a benchmark for other players in the industry, encouraging them to strive for excellence and strengthen their financial standing.

Looking ahead, APSEZ aims to leverage its AAA rating to further enhance its operations, attract investment, and expand its footprint in India’s infrastructure landscape. The company remains committed to driving sustainable growth and contributing to the nation’s economic development.

In conclusion, APSEZ’s attainment of an AAA rating marks a significant milestone not only for the company but also for India’s infrastructure sector as a whole. It underscores the importance of financial discipline, innovation, and strategic vision in achieving excellence in the infrastructure domain.

Jhumpa Lahiri

Jhumpa Lahiri

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