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Adani Ports & Special Economic Zone Ltd ( (IN:ADANIPORTS) ) has issued an announcement.
Adani Ports & Special Economic Zone has clarified to the BSE and NSE that media reports on a ₹16,000 crore commitment to expand the Vizhinjam International Deepwater Multipurpose Seaport in Kerala relate to an already disclosed, ongoing project. The company reiterated that it signed a concession agreement in 2015 to develop the port in two phases under a PPP, DBFOT model, has completed Phase 1 in 2024, and is now undertaking Phase 2, for which it has convened an extraordinary general meeting on 2 February 2026 to seek shareholder approval for awarding the EPC contract; as all key details on Phase 2 are already in the public domain, Adani Ports said there is no fresh event or additional information warranting a new disclosure under SEBI’s Listing Regulations at this stage.
More about Adani Ports & Special Economic Zone Ltd
Adani Ports & Special Economic Zone Ltd is India’s largest private port developer and operator, managing a network of ports and related logistics infrastructure across the country. The company focuses on developing and operating port terminals and special economic zones under public–private partnership models, providing cargo handling, logistics, and marine services to domestic and international trade participants.
Average Trading Volume: 84,742
Technical Sentiment Signal: Hold
Current Market Cap: 3012.7B INR
See more insights into ADANIPORTS stock on TipRanks’ Stock Analysis page.