Adani Group and JSW bids for Tajpur port in East Midnapore
PORTS & SHIPPING

Adani Group and JSW bids for Tajpur port in East Midnapore

The Adani Group and JSW Group have emerged as contenders for Bengal's first greenfield port in more than 50 years.The deadline for submitting technical and financial bids for the proposed port at Tajpur in East Midnapore, as well as an industrial zone associated with it, was Tuesday.

The parties' technical bids will be opened first as part of the two-step process. The government will then open and consider their price bids if they meet the technical requirements. Within the next two days, the secretaries committee, led by chief secretary Hari Krishna Dwivedi, will decide on how to proceed with the process.

With 13 ports and terminals on India's east and west coasts, Adani is now the country's largest private-sector port operator, accounting for 24% of the country's port capacity.

Adani is interested in establishing a strategic foothold in Bengal, and the Mamata Banerjee-led government's pet project at Tajpur fits the bill. The company has recently entered the state's maritime sector by taking over the modernisation and mechanisation of a berth at Haldia port, which is close to Tajpur. In the two months leading up to the bid, Gautam Adani and his son Karan met with Chief Minister Banerjee twice.

In comparison, JSW Group's port business, which operates India's largest private sector steel business, is still in its infancy. It has a port in Maharashtra, but it appears eager to expand its eastern footprint, particularly to support its expanding steel empire and fledgling cement business.

In March 2021, the West Bengal Industrial Development Corporation, the project's implementing agency, requested expressions of interest (EoI) from potential bidders. Later in October, request for proposal (RFPs) and request for quotes (RFQs) were issued.

The deadline for submitting bids has already been extended twice.

A corporate observer noted that going ahead with low bids was not uncommon, citing the Modi government's privatisation of Air India, which was based on two bids. In November, about 10 parties attended a pre-bid meeting for Tajpur port.

Image Source

Also read: Tata and Adani to bid for UP Power Transmission Co

The Adani Group and JSW Group have emerged as contenders for Bengal's first greenfield port in more than 50 years.The deadline for submitting technical and financial bids for the proposed port at Tajpur in East Midnapore, as well as an industrial zone associated with it, was Tuesday. The parties' technical bids will be opened first as part of the two-step process. The government will then open and consider their price bids if they meet the technical requirements. Within the next two days, the secretaries committee, led by chief secretary Hari Krishna Dwivedi, will decide on how to proceed with the process. With 13 ports and terminals on India's east and west coasts, Adani is now the country's largest private-sector port operator, accounting for 24% of the country's port capacity. Adani is interested in establishing a strategic foothold in Bengal, and the Mamata Banerjee-led government's pet project at Tajpur fits the bill. The company has recently entered the state's maritime sector by taking over the modernisation and mechanisation of a berth at Haldia port, which is close to Tajpur. In the two months leading up to the bid, Gautam Adani and his son Karan met with Chief Minister Banerjee twice. In comparison, JSW Group's port business, which operates India's largest private sector steel business, is still in its infancy. It has a port in Maharashtra, but it appears eager to expand its eastern footprint, particularly to support its expanding steel empire and fledgling cement business. In March 2021, the West Bengal Industrial Development Corporation, the project's implementing agency, requested expressions of interest (EoI) from potential bidders. Later in October, request for proposal (RFPs) and request for quotes (RFQs) were issued. The deadline for submitting bids has already been extended twice. A corporate observer noted that going ahead with low bids was not uncommon, citing the Modi government's privatisation of Air India, which was based on two bids. In November, about 10 parties attended a pre-bid meeting for Tajpur port. Image Source Also read: Tata and Adani to bid for UP Power Transmission Co

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000