Adani Ports and Special Economic Zone Ltd (APSEZ) Managing Director Karan Adani, during the official opening of the much-awaited Vizhinjam International Deepwater Multipurpose Seaport in Kerala, said APSEZ is targeting a throughput of 5 million TEUs (twenty-foot equivalent units) at Vizhinjam by 2028.

"We are grateful to the Central and State Governments, and the administration and people of Kerala, especially Thiruvananthapuram, for their support in making this port stand as a testament to India’s strategic and bold maritime ambitions," he said, while calling the opening of the seaport a "historic day".

He stated that APSEZ is targeting a throughput of 5 million TEUs (twenty-foot equivalent units) at Vizhinjam by 2028, and expects to achieve 90% utilisation with a 70% margin on the current shipping cost of $40 per container, as reported by NDTV Profit.

Prime Minister Narendra Modi dedicated the 'Vizhinjam International Deepwater Multipurpose Seaport', worth ₹8,900 crore, to the nation. This is India’s first deep-sea automated port. The ambitious project, developed by the Kerala government under a public-private partnership with APSEZ, marks a major milestone in India’s maritime infrastructure.

While inaugurating the port, PM Modi said, "This is a significant moment for India’s maritime sector. People have been waiting for this port for many years. It will boost trade and commerce and will be particularly beneficial for Kerala’s economy."

On this occasion, Adani Group Chairman Gautam Adani said that at Vizhinjam, "history, destiny, and possibility came together as a 30-year-old dream of Kerala became India’s gateway to the world." "We are proud to have built India’s first deep-sea automated port -- a future global transshipment hub. This is a triumph of vision, resilience, and partnership. We are grateful to PM @narendramodi & CM @pinarayivijayan for their support. Together, we sail toward a stronger, bolder India. Jai Hind!" he tweeted.

Meanwhile, Adani Ports and SEZ reported a 49.2% growth in consolidated net profit at ₹3,023 crore for Q4 FY25, driven by higher income and revenue growth. The country’s largest integrated logistics player had posted a profit of ₹2,025 crore in the same quarter last year. The company’s revenue from operations surged 23% YoY to ₹8,488 crore in the March quarter of FY25, while EBITDA rose 23.8% to ₹5,006 crore. The margin stood at 59%, compared to 58.6% in the year-ago period.

The company also announced a dividend payout to shareholders. The board has recommended a dividend of ₹7 per share (350%) on equity shares of ₹2 each for FY 2024-25. For the full financial year (FY25), the company recorded a record-breaking profit of ₹11,061 crore, marking a 37% year-on-year surge. The full-year revenue reached ₹31,079 crore (up 16%), while EBITDA rose 20% to ₹19,025 crore.

Adani Ports and Special Economic Zone shares were trading 4.09% higher at ₹1,266.80 on the BSE.