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Supreme Court Quashes Order to Resume 108 Hectares of Adani Ports Land
The Supreme Court has set aside a July 2024 order by the Gujarat Government and a subsequent High Court direction to resume 108 hectares of land allotted to Adani Ports. The apex court has directed the State Government to conduct fresh hearings for all parties involved before passing a new order. A status quo will be maintained in the interim, ensuring no immediate change in land possession. The company maintains that this legal development has no material adverse impact on its operational performance.
Key Highlights
Supreme Court quashed the July 4, 2024, order to resume 108 hectares of land.
The Gujarat High Court's implementation direction dated July 5, 2024, has been set aside.
State Government must pass fresh orders after granting a hearing to all concerned parties.
Interim status quo to be maintained on the disputed land until a fresh decision is reached.
Company confirms no material adverse impact on current operations or financial performance.
💼 Action for Investors
Investors should see this as a positive legal reprieve that prevents immediate land loss and provides a fresh opportunity for the company to defend its position. Monitor for the final decision from the Gujarat Government following the mandated fresh hearings.
Adani Ports Clarifies ₹16,000 Crore Vizhinjam Port Phase 2 Expansion Plans
Adani Ports has clarified media reports regarding a ₹16,000 crore investment for the expansion of Vizhinjam Port in Kerala. The company confirmed that Phase 1 was completed in 2024 and Phase 2 is currently being undertaken under the existing 2015 concession agreement. An Extra-ordinary General Meeting (EGM) is scheduled for February 2, 2026, to seek shareholder approval for the Phase 2 EPC contract. The company stated that these details were already in the public domain via previous notices.
Key Highlights
Clarification on reported ₹16,000 crore investment for Vizhinjam Port expansion
Phase 1 of the deepwater multipurpose seaport project was completed in 2024
Phase 2 development is currently underway under a DBFOT model
EGM scheduled for February 2, 2026, to approve the EPC contract for Phase 2 expansion
💼 Action for Investors
Investors should monitor the outcome of the February 2 EGM for formal approval of the Phase 2 contracts. The expansion of Vizhinjam into a major transshipment hub is a key long-term growth catalyst for the company.