Under the MoU, NMDC Group PJSC will invest in developing the offshore land of Vadhvan coast, involving dredging, reclamation, and shore protection.
NMDC Group PJSC, headquartered in Abu Dhabi, has inked an investment proposal worth Rs 21,000 crore with Jawaharlal Nehru Port Authority (JNPA) for the upcoming greenfield Vadhvan Port project in Palghar district of Maharashtra.
Under the memorandum of understanding (MoU) signed between JNPA Chairman and Managing Director Unmesh Sharad Wagh and NMDC Group Chief Executive Officer Yasser Zaghloul, the latter would make this investment for the development of the land offshore of Vadhvan coast by dredging, reclamation and shore protection of the to-be-built facility.
NMDC Group PJSC, headquartered in Abu Dhabi, UAE, operates across the Middle East and beyond, focusing on engineering, marine dredging, procurement, and construction. Under the MoU, NMDC Group PJSC will invest in developing the offshore land of Vadhvan coast, involving dredging, reclamation, and shore protection.
Unmesh Sharad Wagh, chairman, JNPA, and chief managing director, Vadhvan Port Project Ltd (VPPL), said, “The MoU between JNPA and NMDC Group PJSC is a significant step towards developing Vadhvan Port as a world-class maritime hub. This collaboration brings global expertise to one of India’s most ambitious port projects, ensuring its strategic and sustainable development. With progress ahead of schedule, we are committed to accelerating infrastructure development and enhancing India’s port capabilities to meet future trade demands.”
