Ahmedabad: Adani Ports and Special Economic Zone Limited (APSEZ) and Mediterranean Shipping Company (MSC) Group’s terminal arm, Terminal Investment Limited (TiL), have signed a definitive agreement for TiL to acquire a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL), the concessionaire of Vizhinjam port.

Under the agreement, TiL will invest USD 1.397 billion, representing its 49 per cent share in the port’s enterprise value of USD 2.85 billion. The deal is subject to regulatory and other customary approvals.

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The companies said the partnership marks the largest foreign private investment in India’s port infrastructure and is expected to strengthen Vizhinjam port’s position as a major transshipment hub in the Indian Ocean region.

APSEZ noted that the collaboration is expected to provide the company with enhanced volume visibility and support faster ramp-up of operations at the port through additional cargo volumes. It is also expected to boost Bangladesh-linked cargo movement, expand the port’s reach on East Africa trade routes, and increase relay cargo traffic.

APSEZ Whole-time Director and CEO Ashwani Gupta said Vizhinjam port has emerged as a key transshipment hub, becoming the first Indian port to cross 2 million TEUs within 18 months of operations.

He added that the expanded partnership with MSC Group would help improve global supply chain efficiency and strengthen India’s access to key markets.

This is the third major collaboration between APSEZ and MSC Group, after earlier partnerships at Mundra Container Terminal 3 and Ennore Port.

TiL, part of the MSC Group, is among the world’s largest container terminal operators. It manages over 100 terminals across five continents and handles more than 70 million TEUs annually.

Commissioned in December 2024, Vizhinjam is India’s first deep-draft mega transshipment port, with a current capacity of 1.6 million TEUs. Expansion work is expected to increase capacity to 5.7 million TEUs by December 2028.

In FY26, Vizhinjam handled 1.3 million TEUs and became the fastest Indian port to cross the 1 million TEU mark. Within 18 months of operation, it handled over 950 vessels.

In June 2026, the port welcomed its 1,000th vessel. It has also handled more than 70 Ultra Large Container Vessels, the highest among Indian ports.

The agreement further strengthens the long-term partnership between APSEZ and MSC Group, supporting Vizhinjam’s growth as a global transshipment hub.

With ANI inputs