+
Adani Ports to invest Rs 530 billion in Vadhavan project
PORTS & SHIPPING

Adani Ports to invest Rs 530 billion in Vadhavan project

Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has expressed intent to participate in projects worth Rs 530 billion at the upcoming Vadhavan Port near Mumbai.

The company has signed two memoranda of understanding (MoUs) with the government-run Jawaharlal Nehru Port Authority (JNPA), the majority stakeholder in the deep-draft port being developed in the Arabian Sea off Maharashtra’s Palghar district.

The first MoU, signed by APSEZ Chief Executive and Whole-Time Director Ashwani Gupta, outlines the company’s interest in offshore works valued at Rs 265 billion. The second MoU affirms APSEZ’s intent to develop a container terminal of similar scale, also worth Rs 265 billion.

JNPA Chairman Unmesh Wagh said the Vadhavan Port, expected to rank among the world’s top ten ports by capacity from the outset, will feature nine container terminals, with the Adani Group expressing interest in one.

He added that the company is also keen to participate in offshore works, such as constructing a breakwater. However, Wagh clarified that the MoUs merely represent an expression of interest, and APSEZ will need to participate in formal bidding processes for each project component.

Currently, JNPA holds a 76 per cent stake in the Vadhavan Port project, while the remaining 24 per cent is owned by the Maharashtra Maritime Board.

JNPT, India’s largest container port, handled 7.3 million TEUs in FY25. Meanwhile, Adani Group’s Mundra Port remains the country’s largest by overall cargo volume.

The Vadhavan Port MoUs come a day after APSEZ announced an investment of Rs 425 billion to expand Maharashtra’s Dighi Port, underscoring the group’s growing focus on strengthening India’s maritime infrastructure.

Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has expressed intent to participate in projects worth Rs 530 billion at the upcoming Vadhavan Port near Mumbai. The company has signed two memoranda of understanding (MoUs) with the government-run Jawaharlal Nehru Port Authority (JNPA), the majority stakeholder in the deep-draft port being developed in the Arabian Sea off Maharashtra’s Palghar district. The first MoU, signed by APSEZ Chief Executive and Whole-Time Director Ashwani Gupta, outlines the company’s interest in offshore works valued at Rs 265 billion. The second MoU affirms APSEZ’s intent to develop a container terminal of similar scale, also worth Rs 265 billion. JNPA Chairman Unmesh Wagh said the Vadhavan Port, expected to rank among the world’s top ten ports by capacity from the outset, will feature nine container terminals, with the Adani Group expressing interest in one. He added that the company is also keen to participate in offshore works, such as constructing a breakwater. However, Wagh clarified that the MoUs merely represent an expression of interest, and APSEZ will need to participate in formal bidding processes for each project component. Currently, JNPA holds a 76 per cent stake in the Vadhavan Port project, while the remaining 24 per cent is owned by the Maharashtra Maritime Board. JNPT, India’s largest container port, handled 7.3 million TEUs in FY25. Meanwhile, Adani Group’s Mundra Port remains the country’s largest by overall cargo volume. The Vadhavan Port MoUs come a day after APSEZ announced an investment of Rs 425 billion to expand Maharashtra’s Dighi Port, underscoring the group’s growing focus on strengthening India’s maritime infrastructure.

Next Story
Infrastructure Transport

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Next Story
Infrastructure Transport

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Next Story
Infrastructure Transport

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App