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The Economic Times
The Economic Times
Business

MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital

Axis Capital expects the Vizhinjam port to emerge as a key earnings driver for Adani Ports & SEZ (APSEZ), estimating that the asset alone can generate about Rs 1,410 crore in EBITDA once the ongoing capacity expansion is completed and the terminal stabilises at optimal utilisation levels.

Axis Capital estimates that the definitive agreement signed between Mediterranean Shipping Company (MSC) and APSEZ effectively values the Vizhinjam port at around 19 times EV/EBITDA on projected earnings post the planned expansion to 5.7 million TEU by 2028.

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