Adani Ports confirms Rs 16,000 cr Vizhinjam Port Phase 2 expansion
ADANIPORTS · price
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Adani Ports confirmed to stock exchanges that it will invest about Rs 16,000 crore to expand Vizhinjam International Deepwater Seaport in Kerala under a 2015 PPP (DBFOT) concession. Phase 1 was completed in 2024, and Phase 2 development is now underway. An EGM is scheduled for February 2, 2026 to seek shareholder approval for awarding the Phase 2 EPC contract. The company says the details are already public via the EGM notice and no further disclosure is due.
Confirms a large committed capex for Vizhinjam expansion; the February 2 EGM shareholder vote on the Phase 2 EPC contract is a key milestone.