According to a statement published by the Adani Group on Monday, February 23, the Indian company Adani Ports and Special Economic Zone Ltd. (APSEZ), through its subsidiary Adani Gangavaram Port limited (AGPL), has signed a memorandum of understanding with Indian mining company NMDC limited and Brazilian mining company Vale S.
A., establishing a strategic framework for the development of an iron ore blending facility and a special economic zone (SEZ) at Gangavaram Port on the east coast of India.
As part of the collaboration The parties will develop, operate and manage an integrated SEZ-based ecosystem for blending, value addition and commercialization of iron ore. The initiative aims to strengthen the iron ore export value chain on India's east coast while enhancing efficiency, scale and global competitiveness in mineral processing and trading, the statement said.
With this development, the throughput capacity of the Gangavaram port will increase to 75 million tonnes, it added.
The project will include the development of an integrated iron ore and iron ore blending ecosystem value addition under a dedicated SEZ at Gangavaram port, setting up fully mechanized berth and loading and unloading facilities capable of handling Valemax vessels up to 400,000 tonnes, and integrated yard management, blending operations, unloading and loading of vessels to improve supply chain efficiency.
The Memorandum of Understanding was signed on Indian-Brazilian business forum
