Mediterranean Shipping Company (MSC) Group, through its terminal operator Terminal Investment Limited (TiL), has signed a definitive agreement with Adani Ports and Special Economic Zone Limited (APSEZ) to acquire a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL) for approximately $1.4 billion. The transaction values the port at $2.85 billion and is regarded by APSEZ as the largest foreign private investment in Indian port infrastructure. The deal remains subject to customary regulatory approvals.
APSEZ said the strategic partnership is expected to accelerate the growth of Vizhinjam Port by increasing cargo volumes, strengthening its position as a leading transshipment hub, and expanding its reach across key international trade routes. The collaboration is also expected to attract a larger share of Bangladesh cargo, enhance relay cargo movement, and strengthen connectivity with East African markets.
Commenting on the development, APSEZ Whole-time Director and Chief Executive Officer Ashwani Gupta said Vizhinjam has achieved remarkable growth, becoming the first Indian port to handle more than two million TEUs within just 18 months of commencing operations. Built at a cost of around ₹8,867 crore, the port currently has an annual handling capacity of 1.6 million TEUs. Ongoing expansion work will increase this capacity to 5.7 million TEUs by December 2028. Earlier this year, APSEZ also announced an additional investment of ₹16,000 crore for the second phase of the project, reinforcing the Adani Group’s long-term commitment to transforming Vizhinjam into one of India’s premier global maritime gateways.
