Earnings & Results
Adani Ports Moves 51 MMT of Cargo in October 2026, a 27% Rise Led by Dry Cargo
By News Desk ·
Key takeaways
- Adani Ports handled 51 MMT of cargo in October 2026, a 27% year-on-year increase.
- Dry cargo volumes rose 36% while container and liquid cargo each grew 21%.
- Year-to-date cargo reached 331 MMT, up 16%, while logistics rail volumes fell 10% on the same basis.
Adani Ports and Special Economic Zone Ltd handled 51 MMT of cargo in October 2026, a 27% year-on-year increase, with dry cargo volumes rising 36% and container and liquid cargo each up 21%. ScanX published the figures on November 2, 2026.
Inside Adani Ports' October Cargo Growth
Adani Ports is India's largest commercial port operator, running 15 ports and handling about 27% of national port cargo, according to company records. Domestic port cargo volume grew 18% year on year in October 2026.
Dry cargo led the monthly gain with a 36% rise, while container traffic and liquid cargo each increased 21%. For April to October 2026, port cargo reached 331 MMT, 16% higher year on year, supported by an 18% rise in dry cargo and a 16% increase in container volumes.
Logistics rail volume was 62,653 TEUs in October 2026, against 62,302 TEUs in September 2026, a 4% year-on-year increase. Year-to-date logistics rail volume stood at 3,75,416 TEUs, a 10% year-on-year decline.
Adani Ports' Rating Upgrade and Terminal Systems
S&P Global Ratings upgraded Adani Ports to 'BBB' from 'BBB-' in June 2026, matching India's sovereign rating, citing strong operating cash flows and a net debt-to-EBITDA ratio that fell from about 4x to about 2.6x, according to akta.pro company records. The same records show the company handled over 500 million tonnes of cargo in FY26 and targets 1 billion tonnes by 2030.
In June 2026, Adani Ports expanded a partnership with US-based Kaleris to deploy AI-augmented terminal operating systems across 15 container terminals at nine ports, with up to $100 million invested in two phases as part of an $850 million technology and decarbonization plan through 2031.
Evos Terminals Bid and Paradip Berths
Adani Ports submitted a binding $3.3 billion offer for Evos Terminals, a liquid storage operator with eight tank terminals across seven European ports, The Times of India reported on October 29, 2026. The target's 2025 EBITDA was estimated at $200 million, and a final decision is expected in coming weeks.
On October 6, 2026, Adani Ports incorporated Paradip Mahanadi Terminal Limited to develop and operate two dry bulk berths at Paradip Port in Odisha, CNBC TV18 reported. The wholly owned subsidiary holds a ₹5 lakh paid-up share capital and has not yet begun operations.
What Comes Next for Adani Ports
A final decision on the Evos Terminals offer is expected in coming weeks, according to The Times of India. The Paradip Mahanadi Terminal subsidiary has not yet begun operations.