Reliance Industries, Hudco, and global investors join Vadhvan Port development with significant funding and agreements.
Reliance Industries signed a memorandum of understanding (MoU) with Vadhvan Port Project (VPPL) to develop a liquid jetty and acquire 50 acres at the port under a public-private partnership (PPP) model. The Rs 645 crore project is expected to commence operations by 2030. Housing and Urban Development Corporation (Hudco) also pledged Rs 25,000 crore for new port and PPP developments.
Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, witnessed the signing, highlighting the project’s transformative potential. Terminal Investment Sàrl committed Rs 20,000 crore for Vadhvan’s construction in December 2024, while VPPL awarded a Rs 1,648 crore EPC contract to ITD Cementation India for developing 200 hectares.
The Rs 76,220 crore project, led by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board, will be India’s largest container port. With a 298 MMT annual cargo capacity, the first phase will conclude by 2029. JNPA also launched projects worth Rs 2,000 crore, with container handling capacity projected to reach 10.4 million TEUs by 2027.
