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Essar Ports wins ₹2,276 crore Tuna Tekra terminal project at Kandla
Essar Ports wins letter of award from Deendayal Port Authority for the Tuna Tekra terminal at Kandla.
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Key points
- Essar Ports received a letter of award from Deendayal Port Authority for a terminal at Tuna Tekra in Kandla, Gujarat.
- The project's estimated cost is Rs 2,276.06 crore, with Essar Ports investing Rs 1,552.57 crore.
- The terminal will be developed under a 30-year build-operate-transfer concession via public-private partnership.
Why it matters. The terminal adds multipurpose cargo capacity on India's western coast as the country seeks to expand port infrastructure for growing trade and better logistics efficiency.
Essar Ports has secured a letter of award from Deendayal Port Authority to develop an 18.33-million-tonne-a-year multipurpose cargo terminal at Tuna Tekra in Gujarat's Kandla port, the company said in a statement. The project carries an estimated cost of Rs 2,276.06 crore, including Rs 1,552.57 crore from Essar Ports and Rs 723.49 crore from the port authority.
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Essar Ports wins ₹2,276 crore Tuna Tekra terminal project at Kandla
Essar Ports has received a letter of award from Deendayal Port Authority to develop a multipurpose cargo terminal at Tuna Tekra in Gujarat's Kandla port. The terminal will have an annual capacity of 18.33 million tonnes. The estimated project cost is Rs 2,276.06 crore, with Essar Ports investing Rs 1,552.57 crore and the port authority contributing Rs 723.49 crore. This marks a renewed push by the Essar group to expand its ports business. The development is expected to enhance cargo handling capacity at Kandla, one of India's major ports.
Sources
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