Adani Ports expresses intent in Rs 53,000 crore Vadhavan Port works

Adani Ports and Special Economic Zone (APSEZ), part of the Gautam Adani-led Adani Group, on Tuesday signed two memoranda of understanding (MoUs) with the Jawaharlal Nehru Port Authority (JNPA) to express intent to participate in projects worth Rs 53,000 crore at the upcoming Vadhavan Port in Maharashtra.

The port, coming up in the Arabian Sea off Palghar district near Mumbai, is being developed by JNPA and the Maharashtra Maritime Board, with the central authority holding a 76% stake.

According to JNPA, the first MoU involves Adani’s intent to participate in offshore works such as breakwater construction worth Rs 26,500 crore.

The second covers plans to develop one of the nine container terminals at the port for an equivalent amount.

JNPA Chairman Unmesh Wagh said the Vadhavan Port, once operational, will rank among the world’s top 10 ports by size on day one.

“The Adani Group has shown interest in one of the terminals and in offshore construction works,” Wagh said, adding that the MoUs represent intent only, and all works will be subject to a detailed bidding process.

The development follows APSEZ’s announcement a day earlier to invest Rs 42,500 crore in expanding Maharashtra’s Dighi Port.

Currently, JNPT is India’s largest container port, handling 7.3 million TEUs in FY25.

(With inputs from agencies)