Three investment pacts signed for proposed facilities under Vadhvan Port project in Maharashtra

A total of three Investment pacts worth Rs 57 pillion were signed for proposed facilities under the Vadhvan Port Project on April 21, 2025. These include:
Investment pacts worth Rs 42 billion and 10 billion were signed for development of two terminals, handling large scale cargo, containers and liquid chemicals with Gandhar Refineries and Saraf Group, respectively.
An investment pact worth Rs 5 billion was signed with IMC Group for development of liquid cargo jetty and storage tanks with a total capacity of 0.3 million cubic metres (mcum).
The Vadhvan Port project involves development of an all-weather port at Vadhvan, 140 km north to Mumbai in Maharashtra. It will be developed as a landlord port by VPPL, a joint venture (JV) of Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation of 74 per cent and Maharashtra Maritime Board with 26 per cent at an estimated cost of Rs 762.2 billion with a capacity of 298 million tonnes per annum (mtpa) including 9.87 million twenty-foot equivalent units (TEUs).