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Ahmedabad: India’s leading logistics company, Adani Ports and Special Economic Zone (APSEZ) has agreed to sell a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL) for a value of $1.4 billion to a subsidiary of shipping major MSC, subject to regulatory approvals. This deal is aimed at boosting Vizhinjam port’s cargo volumes, as India looks to strengthen its logistics infrastructure.
APSEZ will continue to hold a controlling 51% stake in the port, and will continue to handle the core port operations.
“Vizhinjam port has emerged as a premier transshipment hub and ramped up at an unprecedented pace, becoming the first Indian port to earn the unique distinction of crossing 2 million TEUs within 18 months of operations,” Mr. Ashwani Gupta, Whole-time Director and CEO, APSEZ, said in a press release.
“I am delighted to expand APSEZ’s long-standing partnership with MSC to Vizhinjam, as we prepare for the port’s next leg of journey. I am confident that our association will deliver enhanced supply chain efficiencies at a global scale and improve India’s access to key global mature and developing markets,” he added.
This represents the third collaboration between Adani Ports and Swiss-based MSC, following its Joint Ventures in Mundra and Ennore. This collaboration will help Adani handle a higher share of transshipment cargo itself for Bangladesh while strengthening its presence for East African trade routes. The Vizhinjam port is undergoing expansion that will increase its capacity to 5.7 million TEUs by December 2028.
Vizhinjam is India’s first automated port, with cutting edge container handling systems and a world class IT platform to drive operational efficiency, safety and reliability.
After commencing operations in 2024, it surpassed 2 million TEUs within 18 months, setting a national record. Thanks to its natural draft, it has handled over 70 Ultra Large Container Vessels (ULCVs), the most amongst Indian ports, a number which is expected to increase once it reaches full capacity.
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