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

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..