Adani Group expresses interest to invest Rs 53,000 crore in Vadhavan Port near Mumbai

Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) has expressed intent to develop infrastructure worth Rs 53,000 crore at the Vadhavan Port project near Mumbai, Jawaharlal Nehru Port Authority (JNPA) Chairman Unmesh Wagh said here on Tuesday.

Wagh said that two MoUs have been signed by the Adani-owned APSEZ with the government-owned JNPA, adding that there will be detailed bidding for each of the works where APSEZ will have to submit its proposals.

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The first MoU signed between APSEZ’s Chief Executive and Whole-Time Director Ashwani Gupta is an intent by the Adani Group to participate at the Vadhavan Port for offshore projects worth Rs 26,500 crore.

The second agreement has been signed by APSEZ as an MoU to affirm its intent to participate in the development of a container terminal to the tune of Rs 26,500 crore at Vadhavan Port.

Wagh said that the Adani Group has evinced interest in participating in several offshore works including the construction of a breakwater at the port.

The government-run Jawaharlal Nehru Port Authority (JNPA) is the biggest shareholder in the Vadhavan port project coming up in the Arabian Sea off the Palghar district, near Mumbai.

JNPA owns 76 per cent in the Vadhavan Port and the rest of the stake is with Maharashtra Maritime Board which falls under the state government.

Jawaharlal Port Trust (JNPT) is the largest container port in India and it handled 7.3 million TEUs in FY25.

Significantly, the MoUs signed by APSEZ with JNPA came a day after the company committed to invest Rs 42,500 crore for expansion of Dighi Port located south of Mumbai.