Synopsis: Adani Ports is in focus upon winning a 10-year marine services contract for Argentina’s first LNG export project, marking its entry into South America. The Adani-Meridian consortium will support operations for Southern Energy S.A. with tugs, logistics, and crew transfer services.
The shares of one of India’s largest private port operators and an integrated transport utility specialising in port management, development, and logistics, handling roughly 27 percent of India’s total cargo, are in focus after securing 10-Year Marine Services for Argentina’s First LNG Export to India.
With a market capitalization of Rs. 4,18,859.76 crores in the day’s trade, the shares of Adani Ports and Special Economic Zone Ltd rose upto 0.24 percent, making a high of Rs. 1,827.50 per share compared to its previous closing price of Rs. 1,823.10 per share.
What Happened
Adani Ports and Special Economic Zone Ltd. (Adani Ports and Special Economic Zone Ltd.) has secured a 10-year marine services contract for Argentina’s first liquefied natural gas (LNG) export project. This marks the company’s entry into South America and expands its global marine services footprint.
The contract has been awarded to its step-down subsidiary, The Adani Harbour International FZCO, through a consortium with Argentina’s Meridian Group after a global tender by Southern Energy S.A. (SESA). The Adani Group–Meridian consortium will support marine operations for the Southern Energy FLNG project, backed by an estimated $70 million investment commitment.
Under the agreement, the consortium will provide end-to-end marine services, including tugboat operations for LNG carriers, offshore logistics and supply support, and crew transfer services. The operation will deploy four high-specification tugboats, one anchor handling tug supply vessel, and one crew boat to support LNG export activities.
Argentina–India LNG Supply Corridor
Argentina is emerging as a major LNG supplier, with agreements in place to export up to 10 million tonnes annually to India from 2027. The Southern Energy FLNG project is expected to play a key role in building this new energy link between Argentina’s gas resources and global demand markets.
Southern Energy FLNG Project Details
The project is being developed by Southern Energy S.A. (SESA), a joint venture between Golar LNG and Pan American Energy, located in the San Matías Gulf, Río Negro Province. It will use the FLNG vessel Hilli Episeyo to process gas from the General San Martín pipeline, with operations expected from September 2027. In its first phase, it will produce 2.45 million tonnes of LNG annually (around 28 cargoes) and will be executed through Meridian Transportes Marítimos S.A., a 51:49 joint venture between Adani Harbour.
Mr Ashwani Gupta, Whole-time Director and CEO of Adani Ports and Special Economic Zone Ltd., said the project highlights APSEZ’s expanding ability to support large-scale global energy infrastructure. He noted that with marine operations across 12 countries and a growing fleet serving ports, LNG terminals, refineries, and offshore facilities, the company brings strong operational expertise to complex maritime environments. He added that such capabilities, combined with local partnerships, are helping build reliable maritime ecosystems that enable new energy trade routes and strengthen long-term supply resilience.
Financials & Others
The company’s revenue rose by 26.50 percent from Rs. 8,488 crores in March 2025 to Rs. 10,738 crores in March 2026. Meanwhile, Net profit rose from Rs. 3,023 crores to Rs. 3,308 crores in the same period.
Adani Ports and Special Economic Zone continues to maintain healthy financial efficiency with a Return on Capital Employed (ROCE) of 14.1% and Return on Equity (ROE) of 16.4%, reflecting strong operational performance and effective capital utilisation. The company’s debt-to-equity ratio of 0.66 also indicates a manageable leverage position for a capital-intensive infrastructure business.
The company has delivered a robust profit growth CAGR of 21% over the last five years, supported by steady expansion across ports, logistics and marine operations. Its median sales growth of 20.3% over the past decade highlights consistent long-term business growth and strong demand visibility.
APSEZ, part of the globally diversified Adani Group, is a leading Integrated Transport Utility across cargo origination (International Freight Network) through port handling, rail transport, multi-modal logistics parks, warehousing, and final delivery via road transport to customer gates.
The company operates a comprehensive ecosystem of 15 strategically located ports and terminals across India’s west, south, and east coasts, combined with a diversified marine fleet of 129 vessels, integrated logistics capabilities including 12 multi-modal logistics parks, 3.1 million sq. ft. of warehouses, and 25,000+ trucks operating on its proprietary platform, thus providing capabilities to handle vast amounts of cargo from both coastal areas and the hinterland.
APSEZ also operates 4 international ports across Australia, Colombo, Israel, and Tanzania. With a current cargo handling capacity of 653 million tonnes per annum, APSEZ commands approximately 27% of India’s total port volumes, targeting 1 billion tonnes throughput by 2030.
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