Adani Group's ports business will invest an extra $1.2 billion in a long-delayed deep-sea facility in India's southern state of Kerala, its local government said on Thursday.

Adani Group's ports business will invest an extra $1.2 billion in a long-delayed deep-sea facility in India's southern state of Kerala, its local government said on Thursday. The deal comes after Adani Group's 10 listed companies saw as much as $34 billion wiped off their total market value in the wake of Chairman Gautam Adani's indictment last week by U.

Kerala and Adani Vizhinjam Port Pvt Ltd have signed a supplementary agreement, accelerating revenue sharing from Vizhinjam seaport. With the project now fully operational by 2028 and expanded capacity,

Kerala Chief Minister Pinarayi Vijayan on Thursday announced the signing of a supplementary concession agreement between the state government and Adani Vizhinjam Port Private Limited, ensuring the future development of the international seaport,