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APSEZ expects volumes of 460–480 mmt in FY25 with Mundra volumes to surpass 200 mmt. It expects consolidated revenues to be in the range of Rs 29,000–31,000 crore with net debt to Ebitda seen in the 2.2–2.5 times range.
Adani Ports is continuously investing in building infrastructure for its logistics business, which is expected to improve long-term cash flows and earnings for the company, Motilal Oswal said.