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Private Sector | Maharashtra - India | PID: 203239
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Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator, is set to win the rights to run a 5.7 million tonne (mt) capacity multipurpose terminal for handling clean cargo including containers at state-owned Deendayal Port for 30 years by placing the highest royalty of Rs200 per ton when the price bids were opened last week.
The contract win will help APSEZ strengthen its presence in Deendayal Port (formerly Kandla Port) – India’s second biggest state-owned port by volumes handled - where it runs a dry bulk cargo terminal at Tuna Tekra, a satellite facility.
The project, estimated to cost Rs169.26 crores, witnessed much bitterness after the price bids were submitted almost a year ago with APSEZ lodging a complaint with the Central Vigilance Commissioner (CVC) and the Ministry of Ports, Shipping and Waterways, claiming that J M Baxi Ports & Logistics Ltd – one of the three other bidders in the fray – had filed the price bid “a minute late” from the deadline and should be disqualified.
After months of delay on deciding the claim made by APSEZ, Deendayal Port Authority’s top management recently decided to open the price bids, including that of J M Baxi Ports and Logistics, with the approval of its board, saying there was “no merit” in the allegation made by Adani Ports and Special Economic Zone.
| Updated on: 07 - Aug - 2024
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