In a step closer to the development of the ambitious Rs 76,200 crore Vadhvan port project, Adani Group company ITD Cementation has bagged a contract for the construction of near shore reclamation and shore protection for the port.
The Board of Directors of Vadhvan Port Private Project (VPPL), in its eigth meeting has approved awarding the EPC to the lowest bidder, ITD Cementation India, at their quoted price of Rs 1648 crore (excluding GST), which is 6.892 per cent below the estimated cost of Rs 1770 crore (excluding GST).
“This contract represents an important step toward establishing the core infrastructure for Vadhvan port. The near-shore reclamation will lay the groundwork for subsequent phases of the project, ensuring we move forward with a strong and sustainable base. As we step into 2025, we look forward to accelerating the work and making steady progress toward our goals,” Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, said.
The scope of the contract involves development of about 200 hectares of land in the near shore area, a critical component for initiating other key packages of the project, including loading points and essential infrastructure.
According to JNPA, three companies including Man Infra Construction in joint venture with TIPL, ITD Cementation India and Navayuga Engineering Company.
“All three agencies were found to meet the qualification criteria. Subsequently, the price bids were opened on December 30, 2024, and the contract was awarded toITD Cementation India,” JNPA said.
In parallel, emphasis is also being given to skill development programs through thoughtful collaborations for a skilled workforce. VPPL remains committed to driving strategic projects that bolster India’s trade capacity and strengthen its position in global maritime commerce.
