Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Adani Ports and Special Economic Zone (APSEZ) has signed a definitive agreement to sell a 49% stake in Adani Vizhinjam Port Private Limited to Terminal Investment Limited (TiL), the port operating arm of MSC Group, for INR 13,220 crore (USD 1.397 billion). The transaction values the Kerala transhipment port at USD 2.85 billion and marks the largest foreign private investment in India's port infrastructure, while supporting the port's ongoing capacity expansion.
Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement to sell a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL) to Terminal Investment Limited (TiL), the container terminal operating arm of Mediterranean Shipping Company (MSC) Group, for INR 13,220 crore (USD 1.397 billion). Announced in the past week, the transaction values the Kerala-based transhipment port at USD 2.85 billion and is subject to customary regulatory approvals.
The deal represents the largest foreign private investment in India's port infrastructure and strengthens the long-standing partnership between APSEZ and MSC. The two companies already collaborate through container terminal ventures at Mundra and Ennore ports, making Vizhinjam their third joint infrastructure project.
Under the agreement, APSEZ will retain a 51% stake in AVPPL, continue to control the company's board and consolidate the port operator as its subsidiary. TiL's investment reflects its proportional share of the enterprise valuation and is expected to support the next phase of the deep-water port's expansion while reinforcing its position as a strategic transhipment hub in the Indian Ocean.
Vizhinjam Port has emerged as one of India's fastest-growing container ports since commencing operations. The facility became the first Indian port to handle more than two million twenty-foot equivalent units (TEUs) within 18 months of operations, demonstrating rapid cargo growth and increasing acceptance among global shipping lines.
The port currently has an annual handling capacity of 1.6 million TEUs. Ongoing expansion works are expected to raise capacity to 5.7 million TEUs by the end of 2028, enabling the facility to handle significantly higher container volumes and strengthen India's role in global maritime trade. The additional capital from TiL is expected to support this expansion programme.
APSEZ said the partnership with one of the world's largest container shipping groups would enhance cargo volumes, improve global connectivity and reinforce Vizhinjam's competitiveness as an international transhipment gateway. The investment also reflects growing international confidence in India's maritime infrastructure and aligns with the country's broader objective of expanding port capacity and reducing dependence on overseas transhipment hubs.
Located near one of the world's busiest east-west shipping routes, Vizhinjam Port has been developed as a deep-water transhipment terminal capable of accommodating large container vessels with minimal deviation from international trade lanes. The latest investment is expected to accelerate the port's expansion while strengthening India's position within the global logistics and shipping network.
Source: Reuters
Advertisement
Facebook
Whatsapp
