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Adani Ports & Special Economic Zone Ltd.

BSE: 532921 Sector: Others
NSE: ADANIPORTS ISIN Code: INE742F01042
BSE 00:00 | 21 Sep 362.00 -10.95
(-2.94%)
OPEN

375.90

HIGH

379.75

LOW

320.75

NSE 00:00 | 21 Sep 361.75 -10.65
(-2.86%)
OPEN

373.05

HIGH

379.75

LOW

316.55

OPEN 375.90
PREVIOUS CLOSE 372.95
VOLUME 308052
52-Week high 451.55
52-Week low 320.75
P/E 30.81
Mkt Cap.(Rs cr) 74,968
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 375.90
CLOSE 372.95
VOLUME 308052
52-Week high 451.55
52-Week low 320.75
P/E 30.81
Mkt Cap.(Rs cr) 74,968
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Adani Ports & Special Economic Zone Ltd. (ADANIPORTS) - Chairman Speech

Company chairman speech

Dear Stakeholders

Greetings! India with its vast resources and a large young andproductive population is well-positioned in today's global economic scenario. Our GDP isexpected to more than double in the next decade growing at annual rates of over 7% andit is now certain that by 2030 India will be a $6-7 trillion economy and the world's thirdlargest nation in GDP terms.

Expectedly along with this growth of the economy one of the sectorsthat will see the fastest growth is logistics. Currently India remains a nation wherelogistics as a percentage of the GDP stands at about 14% (on a comparative basisdeveloped nations are less than 9%). This is indicative of the inefficiencies of thelogistics sector in India and therefore the potential for driving greater productivityacross the entire logistics value chain along with the tailwind of a rapidly rising GDPmakes this sector an exciting and high growth one that is expected to grow at a 15% CAGRand be worth over $300 billion by 2020.

A key factor for the global resurgence and excitement in the logisticssector is the pace and applicability of almost every new evolving technology that isenabling customers to create new transformational business models. We remain fully focusedon continuing to be a leader in adopting technologies that will allow us to digitise ourcore processes and reinforce our technology foundations to drive towards greater levels ofproductivity as well as offer our national and international customers new forms ofservices that align with their business models. These new business models provide us withnew avenues of growth.

Our unique advantage comes from the different hub ports we have builtacross India's coastline. This puts us in a competitive position to expand deeper into thehinterland and build on the synergies of a hub-and-spoke model that we are setting upacross the country as we build out spokes in the form of a network of warehouses andinland ports. This will allow us to focus more holistically on our customers and providethem with an end-to-end logistics service that possibly no other company in the countrycan offer as broadly and deeply as we can. This in turn will drive greater traffic to ourports thereby allowing us to expand the most profitable part of our business within thelogistics value chain.

In this context the move by the Central Government that recentlycreated a dedicated logistics division in the Ministry of Commerce and Industry tooversee inputs from the roadways shipping aviation and railway ministries should addfurther impetus to this sector that will stimulate key national programmes including‘Make in India' and ‘Digital India' and spur job creation as well as improveIndia's ease-of-doing-business ranking. Our incumbent position as India's logistics leaderstands to benefit strongly with the streamlining of these programmes.

Therefore our strategy to capitalise on our operating model byinternally developing some of the best leaders in the logistics sector and hiring amongthe best talents from the market being laser focused in increasing our levels ofintegration across different parts of the logistics value chain investing ininfrastructure to stay ahead of the curve to build competitive differentiation being afast technology adopter and moving deeper into the hinterland to continue to strengthenour hub and spoke model – remains the way we will continue to deliver shareholdervalue. We are confident in the significant medium to long term growth potential of theports and logistics sector as well as the complementary businesses and expect to continueto gain competitive market share. We have therefore carved out a 3-year ` 2500 croreannual capital expenditure plan to capitalise on this growth potential.

As always we take a long view of our business and sustainabilityremains at the heart of all our strategies. We continue to steadily reduce our carbonfootprint encouraging renewable energy usage and afforestation while at the same timeempowering communities wherever we operate. Our community development spans educationhealthcare sustainable livelihood creation and rural infrastructure development. Our CSRinitiatives are in line with the Sustainable Development Goals.

On behalf of the Board I seek the support and guidance of all ourstakeholders for our present and future endeavours.

Gautam Adani

Chairman Adani Ports and Special Economic Zone Limited