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Essar Ports wins ₹2,276 crore Tuna Tekra terminal project in Gujarat

Essar Ports wins ₹2,276 crore Tuna Tekra terminal project in Gujarat

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Essar Ports wins ₹2,276 crore Tuna Tekra terminal project in Gujarat
Image: Essar Ports aims to expand its portfolio and build on its infrastructure expertise through new investments in India and international markets.(Bloomberg)

Essar Ports Ltd has secured a letter of award from Deendayal Port Authority (DPA) to develop an 18.33 million tonne-a-year multipurpose cargo terminal at Tuna Tekra in Gujarat’s Kandla, with a total estimated project cost of ₹2,276.06 crore, as the company looks to expand its presence in India's port infrastructure sector.The project will be developed under a 30-year build-operate-transfer (BOT) concession through the public-private partnership (PPP) route. Essar Ports emerged as the highest bidder in a global competitive bidding process…

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