Adani Ports to invest Rs 530 billion in Vadhavan project

30 Oct 2025 CW Team

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.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..