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Date: 24/01/2025

Reliance inks MoU to invest in Vadhvan Port

Reliance Industries (RIL) has signed a Memorandum of Understanding (MoU) with Vadhvan Port Project Limited (VPPL) for the allocation of a liquid jetty along with 50 acres at Vadhvan Port under the public-private partnership (PPP) model. The investment is estimated to be worth Rs 645 crore and is likely to commence by 2030. Further, the Housing and Urban Development Corporation (HUDCO), in agreement with VPPL, has committed to providing up to Rs 25,000 crore for the development of new ports and PPP projects. The MoUs were signed in the presence of the Union Minister of Ports, Shipping, and Waterways, Mr Sarbananda Sonowal, this week, said a report.

Source: Exim News Service: Navi Mumbai, Jan. 23