Adani Ports clarifies Vadhavan Port project interest amid stock movement

Adani Ports and Special Economic Zone Limited (APSEZ) has clarified its intent to participate in the development of container terminal and offshore projects at Vadhavan Port. This follows a media report on October 29, 2025, suggesting a potential investment of INR 53,000 crore by an "Adani entity," and queries from BSE Limited and the National Stock Exchange of India Limited regarding material stock price movement.

APSEZ confirmed it has entered into two non-binding Memoranda of Understanding (MOUs) with the Jawaharlal Nehru Port Authority (JNPT). These MOUs are expressions of interest, not binding agreements. The company stated it will participate in the bidding process once JNPT/authorities issue relevant tenders or bids.

The execution and consummation of any deal are contingent upon various factors, including the selection of the final bidder, approval from the company's board of directors, and the execution of binding agreements. APSEZ emphasized that any increase or movement in its stock price is purely market-driven, and the company has no control over or knowledge of the reasons for such movements.