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Private Sector | Gujarat - India | PID: 194828
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Adani Ports and Special Economic Zone Ltd (APSEZ) has secured a dredging contract worth ?310 crore from Deendayal Port Trust in Kandla, Gujarat. The Dredging Corporation of India (DCI), which is owned by four major port trusts including Deendayal Port Trust, quoted ?387.89 crore for the work, just 1% lower than the trust's estimates. Ports located on India's western coast such as Deendayal are prone to silting and needs annual maintenance dredging to help in the smooth movement of ships. The security clearance for the bidders – a key requirement before awarding dredging works in ports - was delayed by several months and was finally granted in early March. The decision of Deendayal Port Trust to finalize the contract through a competitive bidding process benefitted the port with the lowest price bid 21% lower than the value estimated by the port trust. Dredging costs are recovered through vessel-related charges collected from ships calling at the port, which in turn recover it from the trade
| Updated on: 20 - Mar - 2021
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