Adani Ports Gain After Iron Ore MoU With NMDC And Vale

26 Feb 2026 CW Team

The exchange filing said the agreement will establish a framework to develop an iron ore blending facility and a dedicated Special Economic Zone at Gangavaram Port and to jointly develop, operationalise and manage an integrated ecosystem for blending, value addition and commercialisation. APSEZ said the capacity of Gangavaram Port could increase to 75 mn t, making it a regional hub for iron ore exports. The company added plans for fully mechanised berthing and cargo-handling to serve Valemax vessels with a carrying capacity of up to 400,000 t.

The filing said the collaboration will involve end-to-end yard management, blending operations and vessel discharge and loading to improve supply chain efficiency. The company also disclosed that it raised Rs 10 bn through a private placement of Non-Convertible Debentures, allotting 100,000 rated, listed, secured, redeemable instruments at a face value of Rs 100,000 each. Market data showed the stock was trading above its previous close and had risen about 50 per cent from its 52-week low of Rs 1,036.5 touched on March fourth, 2025.

Market participants said the MoU and the debt raise are likely to be viewed positively for long-term cargo handling prospects and export competitiveness, and the broader market recorded modest gains during the session. APSEZ management characterised the collaboration as a move to build resilient, future-ready infrastructure that would strengthen India's position in global supply chains. The company said the integrated SEZ ecosystem is intended to add value to mineral logistics and support domestic and regional export growth.

Adani Ports and Special Economic Zone (APSEZ) shares rose around three point five per cent on the National Stock Exchange after a subsidiary signed a strategic memorandum of understanding on iron ore with the National Mineral Development Corporation (NMDC) and Vale S.A. (Vale). The APSEZ subsidiary Adani Gangavaram Port Limited (AGPL) concluded the MoU at the India–Brazil Business Forum Summit during the Brazilian president's visit. The stock reached an intraday high of Rs 1,564.5. The exchange filing said the agreement will establish a framework to develop an iron ore blending facility and a dedicated Special Economic Zone at Gangavaram Port and to jointly develop, operationalise and manage an integrated ecosystem for blending, value addition and commercialisation. APSEZ said the capacity of Gangavaram Port could increase to 75 mn t, making it a regional hub for iron ore exports. The company added plans for fully mechanised berthing and cargo-handling to serve Valemax vessels with a carrying capacity of up to 400,000 t. The filing said the collaboration will involve end-to-end yard management, blending operations and vessel discharge and loading to improve supply chain efficiency. The company also disclosed that it raised Rs 10 bn through a private placement of Non-Convertible Debentures, allotting 100,000 rated, listed, secured, redeemable instruments at a face value of Rs 100,000 each. Market data showed the stock was trading above its previous close and had risen about 50 per cent from its 52-week low of Rs 1,036.5 touched on March fourth, 2025. Market participants said the MoU and the debt raise are likely to be viewed positively for long-term cargo handling prospects and export competitiveness, and the broader market recorded modest gains during the session. APSEZ management characterised the collaboration as a move to build resilient, future-ready infrastructure that would strengthen India's position in global supply chains. The company said the integrated SEZ ecosystem is intended to add value to mineral logistics and support domestic and regional export growth.

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