Adani Ports and Special Economic Zone Ltd (APSEZ) shares climbed more than 2% after the company announced a strategic Memorandum of Understanding (MoU) focused on strengthening India’s iron ore export infrastructure. The agreement was signed through its subsidiary, Adani Gangavaram Port Limited, with NMDC Limited and Brazilian mining major Vale S.A. during the India–Brazil Business Forum Summit in New Delhi.
The MoU was formalised in the presence of Brazilian President Luiz Inácio Lula da Silva and India’s Commerce and Industry Minister Piyush Goyal, underscoring the strengthening strategic and trade partnership between India and Brazil. The collaboration establishes a framework for developing an iron ore blending facility along with a dedicated Special Economic Zone (SEZ) at Gangavaram Port on India’s East Coast.
Under the proposed arrangement, the three parties will jointly develop, operationalise and manage an integrated SEZ-based ecosystem for blending, value addition and commercialisation of iron ore. The project is designed to improve efficiency across the export value chain while enhancing scale and global competitiveness in mineral processing and trade. By creating a structured ecosystem within the SEZ, the initiative aims to streamline logistics and support higher export volumes.
With the development of the blending facility and SEZ infrastructure, the capacity of Gangavaram Port is expected to increase up to 75 MMT. The port is projected to emerge as a key hub for iron ore exports from India and the broader region, strengthening its position in the global supply chain.