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.

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.

Updated Key Managerial Personnel

Effective March 1, 2026, the revised list of Key Managerial Personnel authorized to determine materiality of events and make disclosures to stock exchanges includes:

Quarterly Results Approval

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. The financial results have been uploaded on the company's website at www.adaniports.com .

The Board meeting commenced at 11:00 a.m. and concluded at 1:00 p.m. on February 3, 2026, with all necessary regulatory disclosures being submitted to BSE Limited, National Stock Exchange of India Limited, India International Exchange, and Singapore Exchange Limited.