Jawaharlal Nehru Port Authority (JNPA) has signed a Memorandum of Understanding (MoU) with NMDC Group for the construction of the Vadhvan Port Project Ltd. in Maharashtra.
Under the contract, NMDC will invest in developing the offshore land of Vadhvan coast – involving dredging, land reclamation and shore protection operations.
Commenting the latest news, Unmesh Sharad Wagh , Chairman, JNPA and CMD, VPPL, said: “The MoU between JNPA and NMDC Group PJSC is a significant step towards developing Vadhvan Port as a world-class maritime hub.”
“This collaboration brings global expertise to one of India’s most ambitious port projects, ensuring its strategic and sustainable development. With progress ahead of schedule, we are committed to accelerating infrastructure development and enhancing India’s port capabilities to meet future trade demands.”
JNPA holds 74 per cent equity in the Vadhvan port project, while the remaining 26 per cent is held by the Maharashtra Maritime Board (MMB).
The project is being executed through VPPL, with Phase-I expected to be completed by 2029.