Kandla bid triggers rivalry concerns
Kandla Port board trustees could reject Adani Ports and Special Economic Zone Ltd’s (APSEZ) initial bid for the development of a new container loading facility, local media suggests.
It is understood that APSEZ has submitted an initial bid to Kandla Port for the development of a Rs 5,992 crore facility, which will have the capacity to load 4.19m teu a year.
A consortium of Hyundai Engineering and Construction Co Ltd and Concast Infratech Ltd is reportedly the only other bidder for the terminal.
Competition is already fierce between Kandla and APSEZ, which runs Mundra port – located 60km away and Kandla’s biggest competition.
Earlier this year, APSEZ also won a tender issued by Kandla Port to set up berthing facilities off Tekra near Tuna outside Kandla creek to handle 20 million tonnes of cargo a year.
Rajeeva Sinha, wholetime director, APSEZ, said: “This modern and mechanised cargo bulk terminal will act as a game changer for exim trade of the north-west hinterland and contribute to Adani’s goal of reaching 200m tonnes of cargo handling by 2020.”
It is thought that some trustees on the board of Kandla Port opposed APSEZ’s bid then, citing rivalry concerns, but the project was awarded to the company anyway.
APSEZ is the only private port infrastructure company to operate and construct ports and terminal across six locations in India.
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