NMDC Group PJSC Signs Rs 210-bn Investment Deal with JNPA for Vadhvan Port
PORTS & SHIPPING

NMDC Group PJSC Signs Rs 210-bn Investment Deal with JNPA for Vadhvan Port

NMDC Group PJSC has finalised an investment agreement worth Rs 210 billion with Jawaharlal Nehru Port Authority (JNPA) for the greenfield Vadhvan Port project in Maharashtra’s Palghar district. The agreement, formalized through a memorandum of understanding (MoU), outlines NMDC Group’s commitment to developing the offshore land near the Vadhvan coast.

As part of the project, NMDC Group will undertake dredging, reclamation, and shore protection to facilitate the construction of the port. These activities are expected to enhance maritime infrastructure, supporting trade and logistics in the region. The investment aligns with broader efforts to expand port capacity and improve India’s coastal trade connectivity.

Vadhvan Port is anticipated to be a significant addition to India's port infrastructure, helping to decongest existing ports and accommodate larger vessels. The strategic development is expected to boost economic growth, generate employment opportunities, and strengthen India’s position as a global maritime hub.

NMDC Group, formerly known as National Marine Dredging Company PJSC, is a leading player in marine and offshore development. Its involvement in the Vadhvan Port project reflects its expertise in large-scale dredging and port construction. The collaboration with JNPA is a crucial step in advancing the port’s development, aligning with India’s long-term vision for port-led growth and maritime expansion.

News source: PTI

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

NMDC Group PJSC has finalised an investment agreement worth Rs 210 billion with Jawaharlal Nehru Port Authority (JNPA) for the greenfield Vadhvan Port project in Maharashtra’s Palghar district. The agreement, formalized through a memorandum of understanding (MoU), outlines NMDC Group’s commitment to developing the offshore land near the Vadhvan coast. As part of the project, NMDC Group will undertake dredging, reclamation, and shore protection to facilitate the construction of the port. These activities are expected to enhance maritime infrastructure, supporting trade and logistics in the region. The investment aligns with broader efforts to expand port capacity and improve India’s coastal trade connectivity. Vadhvan Port is anticipated to be a significant addition to India's port infrastructure, helping to decongest existing ports and accommodate larger vessels. The strategic development is expected to boost economic growth, generate employment opportunities, and strengthen India’s position as a global maritime hub. NMDC Group, formerly known as National Marine Dredging Company PJSC, is a leading player in marine and offshore development. Its involvement in the Vadhvan Port project reflects its expertise in large-scale dredging and port construction. The collaboration with JNPA is a crucial step in advancing the port’s development, aligning with India’s long-term vision for port-led growth and maritime expansion. News source: PTI

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?