Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) has expressed intent to develop infrastructure worth Rs 53,000 crore at the Vadhavan Port project near Mumbai, Jawaharlal Nehru Port Authority (JNPA) Chairman Unmesh Wagh said here on Tuesday.

Wagh said that two MoUs have been signed by the Adani-owned APSEZ with the government-owned JNPA, adding that there will be detailed bidding for each of the works where APSEZ will have to submit its proposals.

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The first MoU signed between APSEZ’s Chief Executive and Whole-Time Director Ashwani Gupta is an intent by the Adani Group to participate at the Vadhavan Port for offshore projects worth Rs 26,500 crore.

The second agreement has been signed by APSEZ as an MoU to affirm its intent to participate in the developme

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