Adani Ports and Special Economic Zone Limited has informed the Exchange about Media Release regarding APSEZ, NMDC and Vale Brazil Sign MoU on Iron Ore.
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Adani Ports (APSEZ), through its subsidiary Adani Gangavaram Port, signed a strategic MoU with India's NMDC and Brazil's Vale S.A. at the India–Brazil Business Forum Summit in New Delhi on February 21, 2026, attended by Brazilian President Lula da Silva and Commerce Minister Piyush Goyal. The partnership will set up an iron ore blending facility and a dedicated Special Economic Zone at Gangavaram Port on India's east coast. This will raise Gangavaram Port's capacity to up to 75 million metric tonnes (MMT) and make it the first Indian port capable of handling Valemax vessels — the world's largest Very Large Ore Carriers with up to 400,000 MMT capacity. The project covers blending, value addition, mechanised berthing, and end-to-end yard and vessel management, positioning the port as a global iron ore export hub.
This is a positive strategic development that expands APSEZ's cargo base, adds high-value iron ore logistics volumes, and gives it a unique edge by being the only Indian port able to handle the world's largest ore carriers. For shareholders, it signals long-term volume growth, global partnerships, and progress toward APSEZ's 1 billion tonne throughput target by 2030.