Adani Ports Rise After MoU With NMDC And Brazil's Vale

26 Feb 2026 CW Team

Adani Gangavaram Port, a subsidiary of Adani Ports, executed the agreement at the India–Brazil Business Forum Summit in New Delhi during the official visit of the president of Brazil and the Indian commerce minister, according to an exchange filing. The memorandum established a framework for an iron ore blending facility and a dedicated special economic zone at Gangavaram and was said to strengthen the India–Brazil partnership.

Under the pact the parties will jointly develop, operationalise and manage an integrated SEZ based ecosystem for blending, value addition and commercialisation of iron ore. The development is expected to increase capacity at Gangavaram Port to up to 75 million tonnes (mn t) and to position it as a hub for iron ore exports. Plans include fully mechanised berthing and cargo-handling to accommodate Valemax vessels with carrying capacity of up to 400,000 t, together with yard management and blending operations to improve supply chain efficiency.

Separately, the company raised Rs10 billion (bn) through allotment of non-convertible debentures on a private placement basis. The filing showed that 100,000 rated, listed, secured and redeemable NCDs were allotted, each with a face value of Rs0.1 million (mn), aggregating to Rs10 billion (bn). Executives said the financing will support investments required to operationalise the planned infrastructure and to back the broader economic contribution from enhanced export capacities.

Shares of Adani Ports and Special Economic Zone rose around three point five per cent to an intraday high of Rs1,564.5 after its subsidiary signed a strategic memorandum of understanding with NMDC and Brazil's Vale on 21 February 2026. The stock was among the top gainers on the NSE Nifty50 and by 02:30 PM was trading two point two per cent higher at Rs1,544.9 compared with the previous session's close of Rs1,511.5. Market capitalisation stood at Rs3.55 trillion (tn) and the share price has recovered about 50 per cent from a 52-week low of Rs1,036.5 on 4 March 2025. Adani Gangavaram Port, a subsidiary of Adani Ports, executed the agreement at the India–Brazil Business Forum Summit in New Delhi during the official visit of the president of Brazil and the Indian commerce minister, according to an exchange filing. The memorandum established a framework for an iron ore blending facility and a dedicated special economic zone at Gangavaram and was said to strengthen the India–Brazil partnership. Under the pact the parties will jointly develop, operationalise and manage an integrated SEZ based ecosystem for blending, value addition and commercialisation of iron ore. The development is expected to increase capacity at Gangavaram Port to up to 75 million tonnes (mn t) and to position it as a hub for iron ore exports. Plans include fully mechanised berthing and cargo-handling to accommodate Valemax vessels with carrying capacity of up to 400,000 t, together with yard management and blending operations to improve supply chain efficiency. Separately, the company raised Rs10 billion (bn) through allotment of non-convertible debentures on a private placement basis. The filing showed that 100,000 rated, listed, secured and redeemable NCDs were allotted, each with a face value of Rs0.1 million (mn), aggregating to Rs10 billion (bn). Executives said the financing will support investments required to operationalise the planned infrastructure and to back the broader economic contribution from enhanced export capacities.

Infrastructure Transport

25 Apr 2026

Sector 51-52 Metro skywalk in Noida remains shut despite being ready for over a year

Thousands of commuters travelling between Delhi Metro Rail Corporation’s (DMRC) Sector 52 station and Noida Metro Rail Corporation’s (NMRC) Sector 51 station continue to face daily inconvenience as the 300-metre air-conditioned skywalk connecting the two stations remains closed, despite being completed over a year ago, according to a report.The Noida Metro Rail Corporation built the foot overbridge to enable a seamless interchange between the Delhi Metro and Noida Metro networks. However, pending finishing work and a structural obstruction have delayed its opening.Krishna Karunesh, Chief E..

Infrastructure Transport

25 Apr 2026

Maharashtra clears Metro Line 5A, expansion of Mumbai Metro Line 5

The Maharashtra government has approved the expansion of Mumbai Metro Line 5 along with a new integrated corridor, Metro Line 5A, forming a combined 34.2-km metro network across the Thane-Bhiwandi-Kalyan-Ulhasnagar belt. The integrated project has been cleared at an estimated cost of ₹18,130.55 crore, according to a government resolution (GR).Metro Line 5 was originally approved in October 2017 as a 24.9-km fully elevated corridor with 17 stations connecting Thane, Bhiwandi and Kalyan, with an initial project cost of ₹8,416.51 crore. The corridor is being developed in two phases.The first ..

Infrastructure Transport

25 Apr 2026

Bengaluru Metro expansion seen driving office demand

Bengaluru’s expanding metro network is expected to emerge as a major catalyst for real estate growth, with the Yellow and Pink Lines likely to boost both office demand and residential prices across key micro-markets, according to a report by Colliers India.The report estimates that over the next two years, Bengaluru could witness an additional 5–7 million sq ft of Grade A office space demand across the Central Business District (CBD), Secondary Business District (SBD) and Electronic City. Improved metro connectivity and reduced commute times are expected to drive higher occupier interest a..