Adani Group to take part in`53K-cr projects at Vadhavan Port

Mumbai: Adani Ports and Special Economic Zone (APSEZ) has signed two memoranda of understanding with the government-run Jawaharlal Nehru Port Authority (JNPA), the biggest shareholder in the port project coming up in the Arabian Sea off the Palghar district. The first MoU signed between APSEZ’s Chief Executive and Whole-Time Director Ashwani Gupta is an intent by the Adani entity to participate at the Vadhavan Port for offshore projects worth Rs 26,500 crore. In the second agreement, APSEZ has signed an MoU to affirm its intent to participate at Vadhavan Port for development of a container terminal to the tune of Rs26,500 crore.