Adani made his billions from ports. His new bet is far from the shore
About this episode
The episode discusses Adani's expansion into offshore energy infrastructure following his success in the ports sector.
In October last year, a ship owned by Adani Ports slowed to less than one knot near Malta. It held that position for over seven days, directly above the cables linking Malta to Sicily. It was no accident. India's largest private port operator has quietly built a fleet of more than a hundred vessels across 12 countries. Their job is servicing the world's offshore energy infrastructure. The business grew 134% in a single year. Ports made Adani rich. But there are only so many ports you can build. What the conglomerate does next may depend on waters far from any dock. Tune in. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Topics covered
- business growth
- offshore energy
- shipping industry
- Adani conglomerate
- ports
- infrastructure
Keywords
- Adani Ports
- offshore energy
- shipping
- business growth
- infrastructure
- Malta
- Sicily
Mentioned in this episode
Organizations: Adani Ports, Adani
Places: Malta, Sicily, India
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