Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port
PORTS & SHIPPING

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday.

Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state.

Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening day of the India Maritime Week. The deals cover a wide range of sectors including port expansion, shipbuilding, technology, and ancillary activities.

The Adani Group, led by Gautam Adani, India’s second-richest industrialist, had acquired the bankrupt Dighi Port project in 2021 through a Rs 7.05 billion bid, with an initial commitment of Rs 100 billion for expansion.

Fadnavis highlighted that these new investments will help Maharashtra move towards becoming a “maritime superpower” and improve integration with global supply chains. He also announced that the JSW Group will invest Rs 37.09 billion to expand its Jaigad port facility, while the Chowgule Group has pledged Rs 50 billion for shipbuilding and rig repair operations.

In addition, Synergy Shipbuilders will invest Rs 10 billion, and Goa Shipyard will contribute Rs 20 billion towards shipbuilding and repair activities.

The Maharashtra government is also planning to introduce a ‘water taxi’ service connecting the newly inaugurated Navi Mumbai Airport—operated by the Adani Group—with the Gateway of India in South Mumbai, making it the first airport in the country to offer such a service.

Plans are also underway to develop a state-of-the-art marina in Mumbai for water transport and sports, alongside partnerships to strengthen maritime education and technology. IIT Bombay has signed on to create training and skill development facilities for sector professionals.

Fadnavis assured investors of seamless cooperation with the Union government to create a world-class maritime ecosystem.

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening day of the India Maritime Week. The deals cover a wide range of sectors including port expansion, shipbuilding, technology, and ancillary activities. The Adani Group, led by Gautam Adani, India’s second-richest industrialist, had acquired the bankrupt Dighi Port project in 2021 through a Rs 7.05 billion bid, with an initial commitment of Rs 100 billion for expansion. Fadnavis highlighted that these new investments will help Maharashtra move towards becoming a “maritime superpower” and improve integration with global supply chains. He also announced that the JSW Group will invest Rs 37.09 billion to expand its Jaigad port facility, while the Chowgule Group has pledged Rs 50 billion for shipbuilding and rig repair operations. In addition, Synergy Shipbuilders will invest Rs 10 billion, and Goa Shipyard will contribute Rs 20 billion towards shipbuilding and repair activities. The Maharashtra government is also planning to introduce a ‘water taxi’ service connecting the newly inaugurated Navi Mumbai Airport—operated by the Adani Group—with the Gateway of India in South Mumbai, making it the first airport in the country to offer such a service. Plans are also underway to develop a state-of-the-art marina in Mumbai for water transport and sports, alongside partnerships to strengthen maritime education and technology. IIT Bombay has signed on to create training and skill development facilities for sector professionals. Fadnavis assured investors of seamless cooperation with the Union government to create a world-class maritime ecosystem.

Next Story
Infrastructure Urban

CM Inaugurates Rs 3.7 Billion Vilholi Water Treatment Plant in Nashik

Chief Minister Devendra Fadnavis inaugurated the Nashik Municipal Corporation’s 274 MLD Vilholi Water Treatment Plant and the upgraded Mukane water supply scheme, a Rs 3.7 billion project designed to provide a reliable and sustainable water supply to more than 55 lakh residents. The system will also cater to over 1 crore visitors expected during the 2027 Simhastha Kumbh Mela.Funded partly through Rs 2 billion Green Sustainable Bonds, the project strengthens Nashik’s long-term water security, ensures year-round availability, and enhances the city’s preparedness for peak tourist inflow. It..

Next Story
Infrastructure Urban

Indian Speciality Chemical Industry Poised for Strong Global Growth

The International Center for Biosaline Agriculture (ICBA), in partnership with Al Rostamani Group, has inaugurated three major facilities at its Dubai headquarters: a Training and Knowledge Transfer Building, a Plant Tissue Culture Laboratory, and an Integrated Agri-Aquaculture System. The launch took place in the presence of H.E. Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, marking a significant step forward in strengthening the UAE’s agricultural innovation ecosystem.Fully funded by Al Rostamani Group, the new facilities reinforce ICBA’s role as a leading ..

Next Story
Infrastructure Energy

Mooreast to Explore Up to 500 MW RE Projects in Timor-Leste

Mooreast Holdings, listed on the Singapore Exchange Catalist, announced that it will begin feasibility studies this month for the development of up to 500 megawatts (MW) of large-scale renewable energy (RE) projects in Timor-Leste.The studies follow a Letter of Intent (LOI) signed between Mooreast and the Secretario de Estado de Electricidade Agua e Saneamento (SEEAS), the secretariat for Electricity, Water and Sanitation under Timor-Leste’s Ministry of Public Works. Under the LOI, Mooreast will explore the development of 300–500 MW of floating renewable energy over the next five to ten ye..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement