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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A combination of acquiring ports and building a logistics network gives the conglomerate unparalleled supremacy in the import-export market.
In recent times, Gautam Adani has been in the news for his forays into airports, green energy and cement. Not so much the ports business. Yet, that’s where his Adani group has quietly built a dominance that’s unparalleled and without any competition.
Since January 2020, group company Adani Ports and Special Economic Zone, or APSEZ, has spent nearly Rs 39,000 crore on acquiring new ports across the country. This, coupled with a rebound in foreign trade after two years has seen Adani solidify his group’s presence at the centre of the action.
APSEZ is now India’s largest private port operator, …
Four years after listing, the logistics company is still searching for sustainable growth as rising costs, weak pricing power and limited new engines weigh on margins.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
