Vadhavan Port in Maharashtra’s Palghar district has entered into important agreements totaling Rs 57 billion for its upcoming facility. The contracts, finalized with the presence of Union Shipping Minister Sarbananda Sonowal and Minister of State Shantanu Thakur, include plans for a dedicated terminal for chemical products and a specialized jetty for liquid cargo.
Positioned to be India’s 13th largest container port, Vadhavan Port is being constructed with a total investment of Rs 760 billion and will feature nine terminals, with two designated for liquid and related cargo.
Among the key agreements is a significant Rs 42 billion deal with Gandhar Refineries to develop a terminal for large-scale cargo, containers, and liquid chemicals. Additionally, a Rs 10 billion partnership with Saraf Group aims at a similar terminal, while a Rs 5 billion agreement with IMC Group will lead to the construction of a liquid cargo jetty and storage tanks, capable of holding 300,000 cubic meters.
Approved by the Cabinet in June 2024, the project leverages the landlord model with terminals developed through Public-Private Partnerships (PPP). Upon completion, the port is expected to bolster India’s cargo handling capabilities and enhance its standing in global maritime trade.
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