Adani Ports and Special Economic Zone Limited (APSEZ), through its subsidiary Adani Gangavaram Port Ltd, has signed a strategic Memorandum of Understanding with NMDC Ltd and Vale SA to develop an integrated iron ore blending facility and dedicated Special Economic Zone (SEZ) at Gangavaram Port. The MoU was signed at the India-Brazil Business Forum Summit in New Delhi during the official visit of Brazilian President Luiz Inacio Lula da Silva. Under the agreement, the three parties will jointly develop an SEZ-based ecosystem for iron ore blending, value addition, and commercialization, with the goal of improving efficiency and global competitiveness in mineral processing and trade. The development is expected to increase Gangavaram Port’s capacity to 75 million tonnes, positioning it as a major export hub for iron ore in India and the wider region.