Mediterranean Shipping Company (MSC) has reinforced its long-term commitment to India’s growing container trade, with its terminal investment arm, Terminal Investment Limited (TiL), agreeing to acquire a 49% stake in Adani Vizhinjam Port Private Limited for US$1.4 billion.
The transaction values the Vizhinjam International Seaport at approximately US$2.85 billion, making it the largest foreign private investment in India’s port infrastructure to date.
Under the agreement, Adani Ports and Special Economic Zone (APSEZ) will retain a 51% controlling stake, continue to oversee the port’s operations and board management, and consolidate Adani Vizhinjam Port Private Limited as its subsidiary. The transaction is subject to customary regulatory approvals.
The investment will be executed in two phases. TiL will initially invest US$539 million to acquire its equity stake, followed by an additional US$858 million towards its share of the port’s ongoing expansion programme, which is expected to be completed by the end of 2028.
Commissioned in December 2024, Vizhinjam is India’s first purpose-built deep-draft transshipment port. The terminal has witnessed rapid growth since commencing operations and currently has an annual handling capacity of 1.6 million TEUs. Upon completion of the expansion project, the port’s capacity will increase to 5.7 million TEUs, significantly enhancing India’s transshipment capabilities.
The investment further strengthens the strategic partnership between APSEZ and MSC. It marks the third joint venture between the two companies, following their successful collaborations at the Mundra and Ennore container terminals.
The deal underscores growing international investor confidence in India’s maritime infrastructure and positions Vizhinjam as a key transshipment hub serving regional and global container trade.