Strategic Pact Signed at India Brazil Business Forum Summit
Adani Ports and Special Economic Zone Limited through its subsidiary Adani Gangavaram Port Ltd has signed a strategic Memorandum of Understanding with NMDC Ltd and Vale SA to develop an integrated iron ore blending facility and a dedicated Special Economic Zone at Gangavaram Port.The agreement was signed at the India Brazil Business Forum Summit in New Delhi during the official visit of Brazilian President Luiz Inacio Lula da Silva, according to a company statement.
Integrated Iron Ore Blending Facility and SEZ-Based Ecosystem
Under the MoU, the three companies will jointly develop, operate, and manage a Special Economic Zone based ecosystem focused on iron ore blending, value addition, and commercialization.The initiative is designed to strengthen the iron ore export value chain on India’s East Coast by enhancing efficiency, improving scale, and boosting global competitiveness in mineral processing and trade.
The collaboration will include the creation of a fully integrated iron ore blending and value addition ecosystem within a dedicated SEZ at Gangavaram Port. Plans also cover mechanized berthing and cargo handling facilities capable of accommodating Valemax vessels with carrying capacities of up to 400,000 tonnes.
The project will incorporate end to end yard management, blending operations, and vessel discharge and loading systems to streamline supply chain efficiency.
Gangavaram Port Capacity to Rise to 75 Million Tonnes
With the proposed development, the capacity of Gangavaram Port is expected to increase to 75 million tonnes. This expansion is set to position the port as a major export hub for iron ore for India and the broader region.Ashwani Gupta, Whole time Director and CEO of Adani Ports and Special Economic Zone Limited, said the collaboration reflects a shared commitment to building resilient and future ready infrastructure that strengthens India’s role in global supply chains.
He added that by integrating high quality mineral logistics with advanced port capabilities, the initiative supports industry requirements while contributing to broader economic growth. He further stated that the partnership with NMDC and Vale will help establish a modern, efficient, and sustainable ecosystem for the iron ore sector on the East Coast.
Gupta also noted that Gangavaram Port is poised to become the first port in India capable of handling Valemax vessels, described as the world’s largest Very Large Ore Carriers.
Boost to Port Led Industrial Growth and Maritime Trade
According to the statement, the project will reinforce Gangavaram’s position as a consolidated export hub for iron ore while promoting port led industrial growth. It also aims to strengthen India’s emergence as a competitive and future ready maritime trade hub.Adani Ports and Special Economic Zone Limited, part of the diversified Adani Group, operates 15 ports and terminals across India’s west, south, and east coasts. The company has a current cargo handling capacity of 633 million tonnes per annum, accounting for around 28 percent of the country’s total port volumes.
The company is targeting 1 billion tonnes of throughput by 2030, reflecting its long term growth ambitions in India’s port and logistics sector.
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