Jindal Steel & Power Ltd (JSPL), managed by Naveen Jindal, has won a tender announced by the state-owned Paradip Port Authority to build a 25-million-tonne (mt) capacity, deep draught, dry bulk cargo terminal at the port’s Western Dock in Odisha for a total investment of Rs 2,392.13 crore.
Adani Ports and Special Economic Zone Ltd (APSEZ), which is appealing its disqualification from port contracts in numerous courts, including the Odisha High Court, did not submit a price quotation when the bids were opened on Monday, according to government sources. JSPL won the contract over Essar Ports Ltd and Navayuga Engineering Company Ltd. Paradip Port Authority disqualified APSEZ from the tender on March 10. This move came a week after a single-judge Bench of the Andhra Pradesh High Court upheld the decision by Visakhapatnam Port Authority, also State-owned, to exclude APSEZ from a tender for mechanisation of West Quay Berths 7 and 8 at the port in Vizag citing termination of a coal terminal run by India’s biggest private port operator there.
