ITD Cementation India Ltd, a subsidiary of the Adani Group, is set to secure a `16.48 billion (bn) ($198 million) contract for nearshore reclamation and shore protection works at the proposed Vadhvan mega port in Maharashtra. The company emerged as the lowest bidder, 6.89 per cent lower than the Rs17.70 bn estimate by Vadhvan Port Project Ltd (VPPL). The project, designed to handle 298 million tonne of cargo annually, will be built on 1,448 ha of reclaimed land. ITD Cementation outbid competitors, and the basic infrastructure for the port, estimated at Rs 389.76 bn, includes dredging, reclamation, and rail-road connectivity.

Contact: ITD Cementation India Ltd

Website: www.itdcem.co.in