Adani emerges as highest bidder for Tajpur deep-sea port

29 Mar 2022 CW Team

Adani Ports and Special Economic Zone Limited (APSEZ), the largest private operator in India, came up as the highest bidder for the greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group for the West Bengal Government.

APSEZ and JSW Group, led by Sajjan Jindal, were the only two entities that participated in the financial bid round.

Although, there were other ports and logistics majors interested in the Rs 7,000 crore project in the Purba Medinipur district.

A government official told the media that APSEZ, the highest bidder, offered a share of 0.25% of gross revenue. It was marginally more than the second bidder, who offered 0.23%.

The official revealed that the revenue share would increase to 4% but would be at a much later date of the concession term, which is 99 years.

The West Bengal government expects that the first phase of the project would be completed and operational in the next three-four years.

The official informed that road access to the site is the biggest difficulty and railway connectivity is also necessary.

For a 15-16 m draft, an 18 km channel needs to be constructed into the sea. For Panamax size vessels, a 12 m draft is required.

APSEZ would get 125 acres of seafront land for the port development, and an additional 1,000 acres, 4 km away, for port-linked industrial development.

Meanwhile, Adani Group did not bid for the Kolkata Port's Kiddherpore dock but was the highest bidder for the modernisation of Berth 2 of Haldia dock.

After APSEZ emerged as the highest bidder, a note was prepared. It would be placed in front of the state cabinet for final approval.

Image Source

Also read: Adani Ports achieves milestone of 300 mmt cargo handling

Technology

03 Apr 2025

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Atlas Copco Tools has inaugurated its first Smart Factory Innovation Centre in India, a cutting-edge facility in Pune designed to showcase advanced technologies powering Smart Integrated Assembly ecosystems. The centre will serve as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing sectors to explore automation and smart manufacturing solutions for zero-defect production.The Innovation Centre offers hands-on demonstrations of the latest torquing and dispensing technologies, highlighting software-driven solutions that optimize efficiency, enhance..

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Elite Elevators, a leader in the premium home lift segment, has launched Elite Elevators Bespoke—India’s first fully customizable luxury home elevator. The launch event, held at the company’s Chennai headquarters, showcased how the new offering redefines residential mobility by integrating state-of-the-art technology with personalized design.Speaking on the launch, Vimal Babu, Founder and CEO, Elite Elevators, said, “At Elite Elevators, our mission has always been to revolutionize home mobility with world-class innovations. Through its enhanced customizable features, our Bespoke elevat..

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft...

Adani emerges as highest bidder for Tajpur deep-sea port

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Latest Updates

Advertisement

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address