Adani Ports & SEZ has unveiled ambitious plans for a major expansion at its Vizhinjam port facility, marking a significant step in strengthening India's maritime infrastructure. The company announced a comprehensive Phase 2 expansion project that represents one of the largest port development initiatives in recent times.

Major Investment and Capacity Enhancement

The expansion project involves a substantial capital investment of ₹16,000 crores, demonstrating the company's commitment to scaling its port operations. This significant financial commitment underscores the strategic importance of the Vizhinjam facility in Adani Ports' overall portfolio.

Capacity Transformation

The Phase 2 expansion will result in a dramatic transformation of the port's container handling capabilities. The project aims to boost the facility's capacity from its current 1.6 million TEUs to an impressive 5.7 million TEUs, representing a substantial increase in operational scale.

Financial Timeline and Impact

The company has structured the capital expenditure to be spread across multiple years, extending until FY30. This phased approach to investment allows for systematic development while managing financial resources effectively. Importantly, Adani Ports has indicated that this major expansion initiative will have minimal impact on its FY29 EBITDA goals, suggesting careful financial planning and execution strategy.

Strategic Significance

The Vizhinjam port expansion aligns with India's growing maritime trade requirements and positions Adani Ports to capture increased container traffic in the region. The significant capacity enhancement from 1.6 million TEUs to 5.7 million TEUs will enable the facility to handle substantially larger volumes of containerized cargo, supporting both domestic and international trade flows.

Adani Ports & SEZ announced significant leadership changes and quarterly results approval during its Board meeting held on February 3, 2026. The company's Board of Directors approved unaudited financial results for the quarter and nine months ended December 31, 2025, while also announcing a major transition in its executive leadership. Following the results announcement, the company has now made available the earnings call transcript.

CFO Leadership Transition

The company announced that D. Muthukumaran, the current Chief Financial Officer and Key Managerial Personnel, will relinquish his position effective from close of business hours on February 28, 2026. This transition is part of the ongoing leadership development process across the Adani Group, with Muthukumaran moving to a new role within the Adani portfolio of companies.

New CFO Profile and Experience

Sreedhar Krishna Menon will assume the role of Chief Financial Officer and Key Managerial Personnel effective March 1, 2026. Menon brings extensive experience to the position, with more than 30 years of expertise in various disciplines of finance and accounts. He is a qualified Cost Accountant and Management Graduate who has also completed the Advanced Management Program at Harvard Business School.

Throughout his career, Menon has held various leadership positions at prominent organizations including Pennar Group, AFL Private Limited, Bharti Airtel Limited, and AdaniConnex. His professional experience spans combining functional skills with strategic direction in planning and executing business success initiatives.

Q3 FY26 Results and Earnings Call

The Board approved the unaudited financial results for both standalone and consolidated financials for the quarter and nine months ended December 31, 2025. These results were prepared in accordance with Regulation 33 of the SEBI Listing Regulations and include the Limited Review Report and Security Cover Certificate from the Statutory Auditors.

Following the results announcement, the company conducted an earnings call on February 3, 2026, to discuss the quarterly performance. The complete transcript of this earnings call has been made available on the company's website and submitted to stock exchanges as part of regulatory compliance under Regulation 30.

Regulatory Compliance and Disclosures

The company has submitted all necessary regulatory disclosures to BSE Limited, National Stock Exchange of India Limited, India International Exchange, and Singapore Exchange Limited. The earnings call transcript was formally communicated to the exchanges on February 9, 2026, ensuring complete transparency and compliance with listing regulations.

The Board meeting that approved the results commenced at 11:00 a.m. and concluded at 1:00 p.m. on February 3, 2026, with Company Secretary Kamlesh Bhagia overseeing the regulatory filings and disclosures.