Investment27 Jan 2026, 02:21 pm
Adani Ports to Invest Rs. 16,000 Cr in Vizhinjam Port Expansion, Kerala's Largest Private Investment
AI Summary
Adani Ports and Special Economic Zone Ltd, in response to a query, clarified its position on a news item published on economictimes.indiatimes.com. The company entered into a concession agreement in 2015 for the development of the Vizhinjam International Deepwater Multipurpose Seaport Project in two phases. The first phase was completed in 2024, and the second phase is currently underway. An Extra-ordinary General Meeting (EoGM) has been convened on February 2, 2026, to seek approval for awarding an EPC contract for Phase 2. The notice of the EoGM contains details of Phase 2.
Key Highlights
- Adani Ports to invest Rs. 16,000 crores in expanding Vizhinjam Port
- The investment is Kerala's largest private investment
- The project is being developed in two phases under a PPP model
- Phase 1 completed in 2024, Phase 2 currently underway
- An EoGM has been convened to seek approval for awarding an EPC contract for Phase 2