Adani Ports and Special Economic Zone Ltd (APSEZ), in collaboration with NMDC Limited and Brazil-based mining company Vale S.A., has entered into a strategic agreement aimed at strengthening India’s iron ore export ecosystem.
The partnership focuses on developing integrated infrastructure at Gangavaram Port to support blending, processing and global shipment of iron ore, reflecting growing cooperation between India and Brazil in mineral trade and logistics.
The Memorandum of Understanding (MoU) was signed at the India–Brazil Business Forum Summit held in New Delhi during the official visit of Brazilian President Luiz Inácio Lula da Silva.
The agreement was formalised in the presence of India’s Minister of Commerce and Industry, Piyush Goyal, highlighting expanding economic collaboration between the two countries.
APSEZ executed the agreement through its subsidiary, Adani Gangavaram Port Limited, alongside NMDC Limited, a Government of India enterprise, and global mining company Vale S.A.
Under the agreement, the partners will jointly develop an iron ore blending facility along with a dedicated Special Economic Zone (SEZ) at Gangavaram Port. The initiative aims to create an integrated ecosystem focused on mineral blending, value addition and commercial operations linked to exports.
The project is intended to improve operational efficiency across the iron ore supply chain while enabling large-scale handling and processing capabilities on India’s eastern coastline.
As part of the collaboration, Gangavaram Port’s handling capacity is expected to increase to around 75 million metric tonnes (MMT). The port is also planned to accommodate Valemax vessels, among the largest very large ore carriers used in global mineral transportation.
Key infrastructure developments include mechanised berthing systems, advanced cargo-handling facilities and integrated yard management operations designed to streamline vessel loading and discharge processes.
The proposed ecosystem will support end-to-end logistics, including storage, blending operations and shipment management.
By consolidating these activities within a dedicated SEZ, the project aims to enhance efficiency, improve export competitiveness and support industrial activity linked to port-led development.
The collaboration also positions Gangavaram Port as a strategic export gateway capable of serving both domestic producers and international markets.
Following the announcement, shares of Adani Ports and Special Economic Zone Ltd traded higher, reflecting investor attention toward infrastructure expansion and long term logistics opportunities.
The stock was trading around ₹1,554.80, up approximately 2.86% from the previous close during morning trade on 23 February 2026.
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The partnership between APSEZ, NMDC and Vale represents a coordinated effort to strengthen mineral logistics and export infrastructure through integrated port development. By combining mining expertise with large-scale maritime capabilities, the initiative seeks to enhance efficiency across the iron ore value chain while supporting India’s role in global commodity trade.
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Published on: Feb 23, 2026, 11:14 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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