Mumbai, July 6 -- Terminal Investment Limited (TiL), the terminal arm of the Mediterranean Shipping Company Group, has agreed to acquire a 49 per cent stake in Adani Vizhinjam Port Private Limited, the concessionaire of Vizhinjam port owned by Adani Ports and Special Economic Zone Limited (APSEZ). TiL will invest United States dollar (USD) 1.397 billion (bn), representing 49 per cent of the enterprise value of USD 2.85 bn, subject to regulatory approvals. The companies said the deal is the single largest foreign private investment in Indian port infrastructure and will bolster Vizhinjam as a transhipment gateway.
APSEZ said the partnership is expected to enhance volume visibility and accelerate ramp up of operations through additional cargo. The collaboration is anticipated to lift Bangladesh linked volumes, strengthen East Africa trade connections and boost relay traffic. Ashwani Gupta, whole time director and chief executive officer of APSEZ, indicated that Vizhinjam had emerged rapidly as a premier transhipment hub and had crossed two million (mn) TEUs within eighteen months.
This is the third major collaboration between APSEZ and the MSC Group after Mundra Container Terminal number three and Ennore Port. TiL operates more than one hundred terminals across five continents and handles over seventy million (mn) TEUs annually. APSEZ noted that Vizhinjam, commissioned in December two thousand and twenty four, is India's first deep draft mega transhipment port and is expanding capacity from 1.6 mn TEUs to 5.7 mn TEUs by December two thousand and twenty eight.
Strategically located around 10 nautical miles from the East West shipping route, the port has a natural draft of 18 to 20 metres and a 2.9 kilometre breakwater. The facility uses advanced container handling systems, a world class IT platform and an AI enabled Vessel Traffic Management System and is equipped with quay and automated yard cranes. The port handled 1.3 mn TEUs in FY26, surpassed two mn TEUs within eighteen months and has processed more than nine hundred and fifty vessels, including over seventy Ultra Large Container Vessels.
Published by HT Digital Content Services with permission from Construction World.