MoU21 Feb 2026, 07:02 pm
Adani Ports, NMDC, and Vale Brazil Sign MoU on Iron Ore at India-Brazil Business Forum Summit
AI Summary
Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a strategic Memorandum of Understanding (MoU) with NMDC Limited and Vale S.A. (Brazil) at the India-Brazil Business Forum Summit held in New Delhi. The MoU establishes a framework for the development of an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port. This initiative aims to strengthen the iron ore export value chain on India’s East Coast, enhance efficiency, scale, and global competitiveness in mineral processing and trade, and increase the capacity of Gangavaram Port to 75 MMT.
Key Highlights
- APSEZ, NMDC, and Vale Brazil sign MoU for iron ore blending facility and SEZ at Gangavaram Port.
- The collaboration aims to strengthen India’s iron ore export value chain and enhance global competitiveness.
- Gangavaram Port's capacity will increase up to 75 MMT, becoming a hub for iron ore exports for India and the region.
- The partnership will help establish a modern, efficient, and sustainable ecosystem for the iron ore sector on the East Coast.
- Gangavaram Port is poised to become the first port in India capable of handling Valemax vessels.