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ITD Cementation awarded EPC contract for Vadhvan Port development

Dec 31, 2024•over 1 year ago

Contract Type

contract

Mumbai

Description

Vadhvan Port Pvt Ltd has awarded the Engineering, Procurement, and Construction (EPC) contract to ITD Cementation India for the construction of near-shore reclamation and shore protection for the upcoming greenfield Vadhvan Port. The contract value is Rs 1,648 crore (excluding GST), which is 6.892 per cent lower than the estimated cost of Rs 1,770 crore.

Company Information

Company

Vadhvan Port Pvt Ltd

Location

Mumbai, Maharashtra, India

About

Vadhvan Port Pvt Ltd is a special purpose vehicle, in which Jawaharlal Nehru Port Authority (JNPA) holds a 74 per cent stake and Maharashtra Maritime Board owns the remaining 26 per cent. It is developing the facility near Dahanu in Maharashtra's Palghar district with a total investment of Rs 76,200 crore.

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