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[BUSINESS] · India · 6 sources

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Essar Ports awarded ₹2,276-crore cargo terminal project at Tuna Tekra

Essar Ports Deendayal Port Authority Tuna Tekra cargo terminal maritime infrastructure

The Deendayal Port Authority (DPA) has awarded Essar Ports Limited the contract to develop a multi-purpose cargo terminal at Tuna Tekra, Kandla. The project will be implemented under a Public-Private Partnership (PPP) model on a Build-Operate-Transfer (BOT) basis with a 30-year concession period.

Following a global competitive bidding process, Essar Ports emerged as the highest bidder, offering a royalty of ₹61 per tonne to the port authority. The total estimated project cost is ₹2,276.06 crore, which includes an investment of ₹1,552.57 crore by Essar Ports and ₹723.49 crore from the DPA.

The terminal is designed to handle an annual cargo capacity of 18.33 million tonnes and will feature four berths with a total length of 1,200 metres. The facility is capable of accommodating Cape-size vessels of up to 170,000 deadweight tonnage. Commercial operations are expected to commence by 2031.

Entities

DP World · Deendayal Port Authority · Essar Ports Limited · Kandla · Tuna Tekra

Sources

Essar Ports Secures LOA for Tuna Tekra Multipurpose Cargo Terminal at Kandla - India's Top Construction magazine | construction industry magazines [www.epcworld.in]
DPA Awards ₹2,276-Crore Multi-Purpose Cargo Terminal Project at Tuna Tekra to Essar Ports [indiaseatradenews.com]
Essar Ports Secures Letter of Award for Tuna Tekra Multipurpose Cargo Terminal at Kandla [realtynmore.com]
Essar Ports Secures LOA for Tuna Tekra Multipurpose Cargo Terminal at Kandla [indiacsr.in]
Deendayal Port Authority awards Essar Ports contract for Kandla terminal [newsable.asianetnews.com]
Deendayal Port Authority Awards Tuna Tekra Cargo Terminal Project to Essar Ports [theblunttimes.in]