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.

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,

Kerala government signed a new agreement which allowed expediting the completion of the Vizhinjam International Port. The state government and Adani have committed to commissioning the international sea port by the end of this year.

Kerala's Chief Minister Pinarayi Vijayan announced a supplementary concession agreement with Adani Vizhinjam Port Pvt Ltd, extending the deadline for the Vizhinjam Port project by five years to December 2024.

Kerala's Vizhinjam International Seaport project, led by Adani Group, receives a five-year extension to December 2024. The extension accounts for pandemic-related and natural disaster delays. A Rs 219 crore penalty has been imposed,

The state cabinet meeting, chaired by Chief Minister Pinarayi Vijayan, approved the draft supplementary concession agreement