Home / Companies / Adani Ports wins Ennore container terminal bid

Bangalore: Ennore Port Ltd in Tamil Nadu has awarded a contract to build a container-loading facility to Adani Ports and Special Economic Zone Ltd (APSEZ) after the firm placed the highest revenue-share price bid last week.

APSEZ had cited a revenue share of 37% for building the new terminal with an investment of 1,270 crore that can load 1.4 million standard containers a year. Port contracts at Union government-controlled ports are decided on the basis of revenue share—the entity willing to share the most from its annual revenue wins the deal.

“The board of Ennore Port Ltd approved the revenue share bid placed by APSEZ on 14 February (Friday)," a spokesman for Ennore Port said. “The letter of award was issued on Friday."

APSEZ, India’s biggest private port operator, is 75% owned by Adani Enterprises Ltd, the flagship business of Ahmedabad-based Adani Group. The new container terminal will be the first for APSEZ on India’s eastern coast.

APSEZ runs container terminals at Mundra—India’s biggest private port—and at Hazira, both in Gujarat. The firm is India’s second-biggest container port operator after Union government-owned Jawaharlal Nehru port near Mumbai. APSEZ loaded 1.68 million standard containers between April and December of fiscal year 2014.

In a separate development, the expert appraisal committee in the Union ministry of environment and forests has accorded environment and coastal regulation zone clearances to APSEZ for setting up a liquefied natural gas (LNG) terminal at Mundra port, the ministry said on its website.

The expert appraisal committee at its meeting held between 22 and 24 January, however, deferred a proposal filed by APSEZ seeking environment and coastal regulation zone clearances for developing a ship recycling facility at Mundra, the ministry website said.

APSEZ declined to comment.

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