ADANI PORT IN THE NEWS AFTER SIGNING MOU WITH NMDC

has signed a Memorandum of Understanding (MOU) with and Vale (Brazil) at the India–Brazil Business Forum Summit held in New Delhi. The agreement established a strategic framework for the development of an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port. Under the collaboration, the parties would develop, operationalise, and manage an integrated SEZ‑based ecosystem for the blending, value addition, and commercialisation of iron ore. The initiative was designed to strengthen the iron ore export value chain on India’s East Coast, while enhancing efficiency, scale, and global competitiveness in mineral processing and trade. With this development, the capacity of Gangavaram Port would increase up to 75 MMT and become a hub for iron ore exports for India and the region.