Adani’s ITD Cementation Bags Rs 16.48 bn Vadhvan Port Contract

02 Jan 2025 CW Team

VPPL is a special purpose vehicle (SPV) spearheaded by the Jawaharlal Nehru Port Authority (JNPA), which holds a 74 per cent stake, with the Maharashtra Maritime Board owning the remaining 26 per cent. The project is touted as India’s largest port by capacity, designed to handle 298 million tonne of cargo annually, including 23.5 million TEUs (twenty-foot equivalent units).

The estimated Rs 762.2 bn($9.16 billion) port will be built on 1,448 hectares (ha) of reclaimed land, of which 197 ha will be developed near the shore for offshore works like breakwater construction. The remaining reclaimed land will house onshore facilities, including cargo terminals, infrastructure, and utilities. ITD Cementation outbid a joint venture between MAN Infraconstruction Ltd and Thakur Infraprojects Pvt Ltd, which quoted Rs 17.55 bn, and Navayuga Engineering Co Ltd, which offered Rs 20.70 bn.

The basic infrastructure for Vadhvan Port, estimated at Rs 389.76 bn ($4.68 billion), will include dredging, reclamation, shore protection, rail-road connectivity, and other utilities. Of this, Rs 206.47 bn ($2.48 billion) worth of work will follow a public-private partnership (PPP) or Hybrid Annuity Model (HAM), while the remaining Rs 183.29 bn ($2.2 bn) will be executed via the EPC route.

The port’s remaining cost, Rs 372.44 bn ($4.47 billion), will be borne by private terminal operators for container terminals, multipurpose berths, coastal cargo facilities, and other infrastructure.

ITD Cementation India Ltd, a subsidiary of the Adani Group, is set to secure a contract worth Rs 16.48 billion (bn) ($198 million) for near-shore reclamation and shore protection works at the proposed Vadhvan mega port in Maharashtra. The firm emerged as the lowest bidder during the recent tender opening, with a bid 6.89 per cent lower than the Rs 17.70 bn estimate provided by Vadhvan Port Project Ltd (VPPL). VPPL is a special purpose vehicle (SPV) spearheaded by the Jawaharlal Nehru Port Authority (JNPA), which holds a 74 per cent stake, with the Maharashtra Maritime Board owning the remaining 26 per cent. The project is touted as India’s largest port by capacity, designed to handle 298 million tonne of cargo annually, including 23.5 million TEUs (twenty-foot equivalent units). The estimated Rs 762.2 bn($9.16 billion) port will be built on 1,448 hectares (ha) of reclaimed land, of which 197 ha will be developed near the shore for offshore works like breakwater construction. The remaining reclaimed land will house onshore facilities, including cargo terminals, infrastructure, and utilities. ITD Cementation outbid a joint venture between MAN Infraconstruction Ltd and Thakur Infraprojects Pvt Ltd, which quoted Rs 17.55 bn, and Navayuga Engineering Co Ltd, which offered Rs 20.70 bn. The basic infrastructure for Vadhvan Port, estimated at Rs 389.76 bn ($4.68 billion), will include dredging, reclamation, shore protection, rail-road connectivity, and other utilities. Of this, Rs 206.47 bn ($2.48 billion) worth of work will follow a public-private partnership (PPP) or Hybrid Annuity Model (HAM), while the remaining Rs 183.29 bn ($2.2 bn) will be executed via the EPC route. The port’s remaining cost, Rs 372.44 bn ($4.47 billion), will be borne by private terminal operators for container terminals, multipurpose berths, coastal cargo facilities, and other infrastructure.

Real Estate

04 Apr 2025

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Real Estate

04 Apr 2025

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Infrastructure Transport

04 Apr 2025

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Adani’s ITD Cementation Bags Rs 16.48 bn Vadhvan Port Contract

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

Patra Chawl lottery held, 663 families allotted homes

BLR Airport crosses 41 million passengers, 500,000 MT cargo

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