Ahmedabad, October 29, 2025:
Adani Ports and Special Economic Zone Limited (APSEZ) has responded to media reports suggesting that the company is planning an investment of ₹53,000 crore in the Vadhavan Port Project. In an official clarification to the BSE and NSE, APSEZ confirmed that while it has entered into two non-binding Memoranda of Understanding (MoUs) with Jawaharlal Nehru Port Authority (JNPT), no binding contract or investment decision has been finalized.
The company said the MoUs merely express its intent to participate in developing a container terminal and offshore project at Vadhavan, Maharashtra. The execution of any such project will depend on future tenders, regulatory approvals, and board consent.
“These MoUs are expressions of interest. No binding agreement has been entered into. Once JNPT issues relevant tenders or bids, the company will participate in the bidding process,” said Kamlesh Bhagia, Company Secretary of APSEZ.
The clarification came following an email from the stock exchanges seeking verification under Regulation 30(11) of the SEBI (LODR) Regulations, 2015, after the media report caused a noticeable price movement in Adani Ports’ shares.
APSEZ also clarified that the recent market activity in its stock was entirely market-driven and that the management had no role in influencing or explaining the fluctuation.
Industry analysts suggest that APSEZ’s interest in the Vadhavan Port aligns with its long-term expansion strategy. The proposed port, a joint initiative between JNPT and the Maharashtra Maritime Board, is expected to be India’s first mega transshipment hub with capacity exceeding 300 million tonnes per annum.
However, the company emphasized that the development is still in the early stage and that any official participation will depend on tender outcomes and regulatory clearances. “We continuously evaluate opportunities for growth and expansion of our business with the objective of enhancing stakeholder value,” APSEZ added.
The Vadhavan project is strategically important to India’s maritime infrastructure expansion plan and has been granted “national importance” status. If APSEZ participates and secures a contract, it would mark one of the largest private-sector investments in India’s port infrastructure to date.