Vizhinjam port

Satheesan asks Pinarayi to clarify whether Adani Group took steps to sell stake in Vizhinjam port during LDF rule. The Chief Minister asserts the current UDF government will prioritize state interests in Vizhinjam decisions.

Kerala Leader of the Opposition Pinarayi Vijayan claims a stake sale deal in Vizhinjam port is detrimental to public interest. He requests the Securities and Exchange Board of India to examine Adani Ports' disclosures regarding a share purchase agreement for Adani Vizhinjam Port Private Limited.

The Kerala government and Adani Group are working to resolve differences over the sale of Vizhinjam port stake. APSEZ CEO emphasizes the need for government support to advance the port's development, while Kerala explores imposing conditions to safeguard state interests.

Congress MP Shashi Tharoor highlighted past security concerns over Adani's proposed stake transfer in Vizhinjam port, noting the project failed to secure bidders multiple times under UPA and NDA governments due to fears of Chinese company involvement.

The Kerala government is examining Adani's proposal to sell a 49% stake in Vizhinjam port to MSC Group. Chief Minister V.D. Satheesan criticized Adani Group for not communicating the decision to the state government, stating approval is mandatory for such a move.

Switzerland’s MSC is acquiring a 49% stake in Adani’s Vizhinjam port in Kerala for ₹13,220 crore. The deal is described as the largest foreign private investment in India’s domestic port infrastructure.

MSC Unit is investing $1.4 billion in Adani’s Vizhinjam Port, a transshipment container port in Vizhinjam, India.