APSEZ becomes world’s largest logistics service provider by market value

The market valuation of APSEZ soared to $37 billion, leaving behind Beijing-Shanghai High Speed Railway, to become the world’s largest transport operations and services provider. The company has also made its place in the S&P BSE Sensex Index. In the FY24, the company handled 27% of India’s total cargo and 44% of containerised cargo, marking a 24% growth over the previous year. Adani Ports is also making its way to the India’s benchmark equity index which is expected to attract $252 million in inflows.