Adani Ports and Special Economic Zone Ltd (APSEZ), through its subsidiary Adani Gangavaram Port Limited (AGPL), has signed a strategic Memorandum of Understanding with NMDC Limited (A Government of India Enterprise) and Vale S.A. (Brazil) at the India–Brazil Business Forum Summit held in New Delhi.
The agreement establishes a strategic framework for the development of an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port.
With this development, the capacity of Gangavaram Port will increase up to 75 MMT, and it will become a hub for iron ore exports for India and the region.
The collaboration will involve:
The MoU was signed last week during the official visit of H.E. Luiz Inácio Lula da Silva, President of Federative Republic of Brazil to India, and in presence of Shri Piyush Goyal, Minister of Commerce and Industry of India.