Thiruvananthapuram, May 2 -- Adani Ports and Special Economic Zone (APSEZ) has an odd problem-it is making more cash than it knows how to deploy-a problem only to be expounded by its new Vizhinjam transhipment port, which was inaugurated Friday.

"We have more cash flow than we can utilize," said Karan Adani, the company's managing director. Excess cash on hand has resulted in the company's leverage ratios falling to a suboptimum level, he said.

The company is looking for organic and inorganic expansion opportunities, particularly in Southeast Asia and East Africa, said the elder son of Adani Group founder and chair Gautam Adani.

APSEZ also plans to invest Rs.11,000-12,000 crore in capital expenditures over the course of FY26, chief exe...