Adani Ports and Special Economic Zone Ltd (APSEZ) has entered into a definitive agreement with Terminal Investment Limited (TiL), the container terminal business of Mediterranean Shipping Company (MSC) Group, as per the press release.
As part of the deal, TiL will acquire a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL), which operates Vizhinjam Port in Kerala. The investment is valued at $1.397 billion, based on a total enterprise value of $2.85 billion.
The transaction is awaiting regulatory and other customary approvals.
This is the third project involving APSEZ and MSC. The two companies already operate together at Mundra Container Terminal No. 3 in Gujarat and at Ennore Port in Tamil Nadu.
TiL manages more than 100 container terminals across five continents and reports annual cargo throughput of over 70 million twenty-foot equivalent units (TEUs).
Vizhinjam Port commenced operations in December 2024 with an annual capacity of 1.6 million TEUs. The expansion project currently underway is expected to increase capacity to 5.7 million TEUs by December 2028.
The port is located around 10 nautical miles from the East-West international shipping route, allowing vessels to access the facility without major deviations from their regular course.
During FY26, the port handled 1.3 million TEUs and received 615 vessels. Within 18 months of operations, container throughput crossed 2 million TEUs, while vessel traffic exceeded 950 ships. In June 2026, the port handled its 1,000th vessel.
It has also received more than 70 ultra-large container vessels, 283 ships longer than 300 metres and 98 vessels requiring drafts exceeding 16 metres.
According to APSEZ, the agreement is expected to provide better visibility on future cargo movement through Vizhinjam. The company said the partnership could increase relay cargo, improve connectivity on East Africa trade routes and attract a larger share of Bangladesh-bound transshipment cargo. These volumes currently move through competing ports in Southeast Asia.
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As of June 30, 2026, 3:15 pm, Adani Ports and Special Economic Zone Ltd (APSEZ) share price was trading at ₹1,812.10, up 2.03% from the previous closing price.
The transaction is subject to regulatory approvals and forms part of Vizhinjam Port's ongoing expansion. The project aims to increase capacity to 5.7 million TEUs by December 2028.
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Published on: Jun 30, 2026, 4:10 PM IST
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