JSPL beat Essar Ports Ltd and Navayuga Engineering Company Ltd to emerge the highest bidder
Naveen Jindal-led Jindal Steel & Power Ltd (JSPL) has emerged as the highest bidder on a tender floated by State-owned Paradip Port Authority to build a 25-million tonne (mt) capacity, deep draft, dry bulk cargo terminal at the Western Dock of the port located in Odisha with an investment of ₹2,392.13 crores.
In a surprising development, Adani Ports and Special Economic Zone Ltd (APSEZ) – which is fighting in multiple courts including Odisha High Court to reverse its disqualification from port tenders – did not place a price quotation when the bids were opened on Monday, government sources said. JSPL beat Essar Ports Ltd and Navayuga Engineering Company Ltd to emerge the highest bidder.
So many academic goals that we expect you to achieve.