We were incorporated as Gujarat Adani Port Limited on May 26, 1998, and commenced phased operations at Mundra Port in October 1998 with commercial operations beginning in October 2001. We were initially promoted by Adani Port Limited and Gujarat Port Infrastructure Development Company Limited, an undertaking of the Government of Gujarat. We entered into a Concession Agreement with the GMB and the Government of Gujarat on February 17, 2001 pursuant to which we have been granted the right to develop and operate Mundra Port located at the Navinal Island in the Kutch region for a period of 30 years. Pursuant to an order of the High Court of Gujarat, Adani Port Limited merged with us with effect from April 1, 2003. Further, MSEZ and ACL were merged with us with effect from April 1, 2006. We received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas from the Government of India on April 12, 2006. We have already received notification from the Government of India with respect to land covering 2,406.8 hectares (approximately 5,947 acres) on June 23, 2006. On July 3, 2007, we received a subsequent notification with respect to an additional 251.4 hectares of land, resulting in a total of 2,658.2 hectares (approximately 6,568 acres). Such notification is granted only once land is in the possession of a developer, and as we further acquire land in and around Mundra, we will look to receive additional notifications in relation to such further acquired land. In order to reflect the significance of the SEZ status and the changing nature of our business, we changed our name from Gujarat Adani Port Limited to Mundra Port and Special Economic Zone Limited with effect from July 7, 2006. Key Events and Milestones Year Month Key Events and Milestones 1994 January Approval from GMB to set up captive jetty 1998 October Berths 1 and 2 become operational 1999 October Berths 3 and 4 become operational 2001 February Concession Agreement signed with GMB 2001 October All 4 berths and mechanisation become fully operational. Trial rail operationscommenced 2002 May Agreements signed with GGSRL to set up SPM 2002 October Agreements signed with IOC to set up SPM 2002 November Railway agreements signed 2003 January Sub-concession agreement signed with MICT for the container terminal 2003 July Container terminal becomes operational 2004 April Shareholders agreement with Kutch Railway Company Limited 2005 June Merger of Adani Port Limited (with effect from April 1, 2003) with us 2005 December SPM becomes operational 2006 April Notification as a SEZ 2006 May Additional 10 bulk berths operational 2006 June Double stack train operations 2006 April Merger of MSEZ and ACL with us 2007 March Operation started at Terminal II 2007 August Operation started at Container Terminal II 2009 - Maruti Suzuki's A-star sails to Europe from Mundra Port. - ADANI Auto Terminal Commences Terminal Operation. 2010 - A four lane 1.5 Km. long dedicated RoB constructed at a cost of Rs.50 crore.This is the first private four lane RoB within port area in India capable of withstanding a load of 100 MT to smoothen and speed up cargo movement -Largest Container vessel handled at Mundra for the first time in India (LOA 332 Mtr berthed at Container Terminal on the 11th of Oct'10 with an arrival draft of 14.52 m.) -Commissioning of the mini ship yard - First of its kind Mini Shipyard using balloon technology. This has been designed and operationalised at Mundra primarily to cater to tugs, dredgers and Offshore Supply boats upto 100 mtrs in length. -Operationalised the world's largest automated import Coal Terminal having 60 MnT capacity -Company has splits its Face value of Shares from Rs 10 to Rs 2 2011 -Mundra Port and SEZ crosses a record 50 MT Cargo handling - mark in 2010-11 - Mundra Port manages and operates the biggest private port in India has scored yet another first in the annals of Indian port business. - Completion of Acquisition of Abbot Point X 50 Coal Terminal (APCT) - Mundra Port handles record fertiliser cargo of about 1 million tonnes in November. 2012 - Change of name of the Company from 'Mundra Port and Special Economic Zone Ltd. to Adani Ports and Special Economic Zone Ltd. - Dahej Port Commissions 2nd Jetty in South Gujarat. - Adani Port signs MoU with US-based Port of Baltimore to increase bilateral trade - Adani Port and Special Economic Zone bags Rs 1,200 cr bulk terminal project at Kandla. 2013 -Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate a new container terminal in Mundra -Adani Ports signs MOU with Belgian Port of Zeebrugge -APSEZ begins liquid cargo handling at Hazira -Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate a new container terminal in Mundra -Adani Ports & Speci - Mundra Port sets a new record in coal handling in India 2014 -Adani Ports Acquires Dhamra Port -Adani Ports & SEZ gets Environmental, CRZ nod for Mundra SEZ 2015 -Adani Ports and Special Economic Zone Ltd - Adani Group announced Scheme of Arrangement -Adani Ports and Special Economic Zone Ltd, has commissioned a bulk terminal at Tuna Tekra, Kandla Port -Adani Ports & Special Economic Zone Ltd ppdates on Composite Scheme of Arrangement -Adani Ports and Special Economic Zone Ltd has receives `Letter of Award' for Vizhinjam Port Project in Kerala -India Ratings and Research (Ind-Ra) has assigned Adani Ports and Special Economic Zone (APSEZL) a rating of IND A1 -Adani Ports & Special Economic Zone and Larsen & Turbo (L&T) have signed a pact to oversee operations of Kattupalli Port in Tamil Nadu 2016 -Adani Ports & Terminal Investment to jointly develop a major transhipment hub at Mundra. -APSEZ enhances its operational foothold- Signs agreement to acquire a company conducting ports operations. -Adani Ports & Special Economic Zone Ltd Share Purchase Agreement for acquisition of TM Harbour Services Private Limited. 2017 -Adani Ports & Special Economic Zone Ltd has raised USD 500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds for funding SEZ project. -Adani Ports and Special Economic Zone has raised Rs 1,000 crore through allotment of non-convertible debentures on private placement basis. -Adani Ports and Special Economic Zone (APSEZ) has signed a joint venture pact with French shipping giant CMA CGM to operate a new container terminal at Mundra Port for next 15 years. -Adani Ports and Special Economic Zone Ltd. has incorporated a wholly owned subsidiary company "Adani International Terminals Pte. Ltd" on June 30, 2017. -Adani Ports and Special Economic Zone has raised Rs 1600 crore by allotment of rated, listed, secured, redeemable, non-convertible debentures (NCDs) on private placement basis. 2018 -Adani and Total Join Forces to become a major integrated downstream player in the Indian Energy Market -Adani Ports signs a long term regasification pact with GAIL (India) Ltd. for Dhamra LNG terminal -APSEZ completes acquisition of Kattupalli port - Southern India's new EXIM gateway - from L&T -Adani Ports signs a long term regasification pact with Indian Oil for Dhamra LNG terminal. 2019 -Adani Forays into Cold Chain Logistics with INR 296 Cr acquisition of Snowman Logistics Dec 27, 2019 -Adani becomes 1st Indian port operator to record 200 MMT cargo movement. 2020 -APSEZ receives Management band in CDP 2020. -APSEZ Ranks 14th in the Transportation and Transportation Infrastructure Sector of Dow Jones Sustainability Emerging Markets Index, 2020. -Adani Ports and SEZ Ltd. completes Rs. 12000 cr acquisition of Krishnapatnam Port Company Ltd. (KPCL). -APSEZ becomes the first Indian port to sign up for Science Based Targets Initiative (SBTi) 2021 -APSEZ fully unlocks India's eastern hinterland with Rs. 6,200 Cr acquisition of Gangavaram Port -Adani Ports achieves highest ever quarterly volume growth of 83% & EBITDA of 82%. Fundamentals continue to get stronger. -Adani Ports and Special Economic Zone (APSEZ) becomes India's first infrastructure company to raise 20-year money from international markets. -Flipkart enters into Strategic Partnership with Adani Group to Strengthen Logistics and Data Centre Capabilities -Adani Ports increases its ownership from 75% to 100% in Krishnapatnam Port by acquiring Vishwasamudra Holdings' 25% stake for Rs. 2,800 Crs. Apr 05, 2021. 2022 -Adani Ports and Special Economic Zone receives the top ranking in Moody's Global ESG rating. -Adani Ports acquires 49.38% stake in Indian Oiltanking Ltd for Rs 1,050 Cr. -Adani Logistics Ltd acquires ICD "Tumb" (Vapi) from Navkar Corporation Ltd. -AD Ports Group And Adani Ports And SEZ Ltd Sign MoU For Joint Infrastructure Investments In Tanzania. -Adani acquires India's largest marine services company Ocean Sparkle. 2023 -Adani Ports cargo volumes cross 300 MMT in just 329 days. -Adani Port informed 'Completion of Acquisition of Oiltanking IndiaGmbH s 49.38% equity stake in Indian Oiltanking Ltd. -Adani Ports raises the bar by handling highest-ever rail cargo of over 120 MMT in FY22-23. -APSEZ expands strategic partnership with MSC. 2024 -APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn. -APSEZ shines in World Bank's global container port rankings. -Adani Ports signs 30-year concession to operate Container Terminal 2 at Dar es Salaam Port. -APSEZ acquires Gopalpur Port in Odisha for INR 3,080 crore. -Adani Vizhinjam Port wins International Safety Award. -Adani Ports secures top position for its climate actions and environmental performance.