Adani Ports and Particular Financial Zone Ltd (APSEZ), by means of its subsidiary Adani Gangavaram Port Restricted (AGPL), on Saturday signed a strategic Memorandum of Understanding (MoU) with NMDC Restricted and Vale S.A. to develop an built-in iron ore mixing facility and a devoted Particular Financial Zone (SEZ) ecosystem at Gangavaram Port on India’s East Coast.
The MoU was signed on the India–Brazil Enterprise Discussion board Summit in New Delhi throughout the official go to of Brazilian President Luiz Inacio Lula da Silva, within the presence of Commerce and Business Minister Piyush Goyal, underscoring the deepening strategic partnership between the 2 nations, acknowledged an official launch right here. The settlement establishes a framework underneath which the three events will collectively develop, operationalise and handle an SEZ-based ecosystem for mixing, worth addition and commercialisation of iron ore. The initiative goals to strengthen the iron ore export worth chain on India’s East Coast by bettering effectivity, scale and international competitiveness in mineral processing and commerce.
With the proposed improvement, the capability of Gangavaram Port is predicted to extend as much as 75 million metric tonne (MMT), the corporate added. “This collaboration displays a shared dedication to constructing resilient, future-ready infrastructure that strengthens India’s place in international provide chains,” mentioned Ashwani Gupta, Entire-time Director and CEO of APSEZ. He added that the combination of mineral logistics with superior port capabilities would assist set up a contemporary and environment friendly ecosystem for the iron ore sector. Gupta additionally mentioned Gangavaram Port is poised to change into the primary port in India able to dealing with Valemax vessels — the world’s largest Very Giant Ore Carriers (VLOCs).
The collaboration will contain improvement of a totally built-in iron ore mixing and value-addition ecosystem inside a devoted SEZ at Gangavaram Port; institution of totally mechanised berthing and cargo-handling services able to accommodating Valemax vessels with carrying capability of as much as 400,000 MMT; end-to-end yard administration, mixing operations, and vessel discharge and loading; and strengthening Gangavaram’s place as a consolidated export hub for iron ore and port-led industrial progress.
Printed on February 21, 2026
