Mumbai, Oct 29 : In a major boost to India’s port infrastructure, the Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) has expressed interest in investing ₹53,000 crore in the upcoming Vadhavan Port project near Mumbai.
Speaking on Tuesday, Jawaharlal Nehru Port Authority (JNPA) Chairman Unmesh Wagh confirmed that two Memorandums of Understanding (MoUs) were signed between APSEZ and the JNPA to formalize the company’s intent to participate in the mega port project.
The first MoU, signed by APSEZ CEO and Whole Time Director Ashwani Gupta, outlines the group’s plan to take part in offshore infrastructure projects worth ₹26,500 crore. The second MoU pertains to the development of a container terminal, also valued at ₹26,500 crore.
Wagh added that detailed bidding will follow for each component of the project, during which APSEZ will be required to submit formal proposals. He also noted that the Adani Group has shown keen interest in offshore construction works, including the building of a breakwater at the port.
The Vadhavan Port, located in Palghar district off the Arabian Sea coast, is a joint venture between JNPA (76%) and the Maharashtra Maritime Board (24%). Once completed, it is expected to be one of India’s largest deep-draft ports, capable of handling ultra large container vessels.
The signing of these MoUs comes just a day after Adani Ports announced a ₹42,500 crore investment in expanding Dighi Port, another strategic port south of Mumbai highlighting the conglomerate’s aggressive expansion plans along India’s western coastline.