Adani ports & sez has successfully completed a significant fundraising exercise, raising Rs 1,000 crore through the allotment of non-convertible debentures on February 23, 2026. This private placement represents a strategic move by the ports and logistics major to strengthen its financial position and support future growth initiatives.

Debenture Allotment Details

The company allotted 1,00,000 non-convertible debentures with specific characteristics designed to attract institutional investors. The Finance Committee meeting that approved this allotment commenced at 11:30 a.m. and concluded at 12:00 noon on February 23, 2026.

NCD Characteristics

The non-convertible debentures carry several investor-friendly features that enhance their attractiveness in the debt market:

• Rated: The debentures have received credit ratings, providing transparency on credit quality
• Listed: Will be traded on BSE's Wholesale Debt Market segment
• Secured: Backed by company assets, offering additional security to investors
• Redeemable: Will be repaid at maturity after the 5-year tenure

Regulatory Compliance

Adani Ports and Special Economic Zone Limited has fulfilled all regulatory requirements for this fundraising exercise. The company had previously provided intimation about this fundraising plan on May 22, 2025, demonstrating proper advance disclosure to stakeholders. The allotment information has been made available on the company's official website at www.adaniports.com , ensuring transparency and accessibility for all stakeholders.

Market Positioning

This successful fundraising exercise demonstrates the company's ability to access debt capital markets effectively. The 5-year tenure provides Adani Ports and Special Economic Zone Limited with long-term funding flexibility, while the private placement route allows for efficient capital raising without the complexities of a public offering. The listing on BSE's Wholesale Debt Market segment will provide liquidity options for institutional investors.

Adani Ports & SEZ has entered into a strategic partnership with NMDC Limited and Vale S.A. (Brazil) to develop a comprehensive iron ore blending facility at Gangavaram Port. The Memorandum of Understanding was signed on February 21, 2026, during the India-Brazil Business Forum Summit in New Delhi, marking a significant milestone in India-Brazil strategic cooperation.

High-Level Strategic Partnership

The MoU signing ceremony took place during the official visit of H.E. Luiz Inácio Lula da Silva, President of Federative Republic of Brazil to India, with Shri Piyush Goyal, Minister of Commerce and Industry of India, present at the event. This high-level endorsement underscores the strategic importance of the collaboration in strengthening bilateral trade relations between India and Brazil.

Project Scope and Infrastructure Development

The partnership establishes a comprehensive framework for developing an integrated iron ore ecosystem at Gangavaram Port. The collaboration encompasses multiple strategic components designed to transform the port into a major iron ore hub.

The development will establish Gangavaram Port as India's first port capable of handling Valemax vessels, the world's largest Very Large Ore Carriers (VLOCs). This capability positions the port as a strategic gateway for global iron ore trade and enhances India's competitiveness in the international minerals market.

Operational Excellence and Technology Integration

The collaboration will implement state-of-the-art infrastructure and operational systems to ensure maximum efficiency and global competitiveness. The project includes:

• Development of fully mechanized berthing and cargo-handling facilities
• End-to-end yard management systems
• Advanced blending operations capabilities
• Integrated vessel discharge and loading facilities
• Comprehensive supply chain optimization

Mr. Ashwani Gupta, Whole-time Director & CEO of APSEZ, emphasized the strategic significance of the partnership: "This collaboration reflects a shared commitment to building resilient, future-ready infrastructure that strengthens India's position in global supply chains. By integrating high-quality mineral logistics with advanced port capabilities, we are supporting industry requirements while contributing to the country's broader economic growth."

Strategic Impact on Regional Trade

The partnership is designed to strengthen the iron ore export value chain on India's East Coast while creating a consolidated export hub for the region. The initiative will establish Gangavaram as a center for port-led industrial growth, supporting both domestic and international trade requirements.

The collaboration leverages APSEZ's comprehensive logistics capabilities, including its network of 15 strategically located ports and terminals, diversified marine fleet of 127 vessels, and integrated logistics infrastructure comprising 12 multi-modal logistics parks and 3.1 million sq. ft. of warehouses.

Market Position and Future Outlook

With current cargo handling capacity of 633 million tonnes per annum, APSEZ commands approximately 28% of India's total port volumes and targets 1 billion tonnes throughput by 2030. The company has been recognized among the Top 5% of global transportation firms in the 2025 S&P Global Corporate Sustainability Assessment, with five ports featuring in the World Bank's Container Port Performance Index 2024.

This strategic partnership with NMDC and Vale Brazil reinforces APSEZ's position as India's preeminent integrated logistics solutions provider and supports the country's emergence as a competitive, future-ready maritime hub in the global iron ore trade sector.