Adani Group entities reported divergent financial results for the first half of fiscal year 2026-27, with Adani Ports achieving growth in profit and revenue while Adani Enterprises saw a decline in net profit despite higher revenue. Simultaneously, the group is pursuing significant European expansion, including a $3.3 billion binding offer by Adani Ports for Evos Terminals, which operates eight tank terminals. Additionally, the group is considering a 3 billion euro acquisition of the Dutch energy storage firm VTTI, signaling a strategic push into global logistics and storage infrastructure.
The deal remains part of a competitive auction, with a final decision expected in the coming weeks; EVOS’s network has total storage capacity of 6.4 million cubic meters.
Read the full storyThe Dutch company operates in 16 countries across 5 continents and offers 9.1 million cubic meters of storage capacity, while details of the potential deal remain unconfirmed.
Adani Ports’ revenue rose 21% in the first half, while the company raised its annual guidance for revenue, operating profit and capital expenditure.