Essar Ports Secures LOA for Tuna Tekra Multipurpose Cargo Terminal at Kandla

Essar Ports Limited has secured the Letter of Award (LOA) from Deendayal Port Authority (DPA) for constructing a multipurpose cargo terminal in Tuna Tekra, Kandla, Gujarat. This Build, Operate and Transfer (BOT) project, awarded to Essar Ports due to its superior bid, is part of a public-private partnership (PPP) model. The project's estimated cost is ₹2,276.06 crore, with Essar Ports contributing over ₹1,552.57 crore, and DPA investing the remaining ₹723.49 crore.

The development of the proposed terminal, slated to have a capacity of 18.33 million tonnes annually, signifies a significant expansion for Essar Ports and solidifies its position in India's port infrastructure sector. Strategically positioned along India's western coast, the terminal will feature four berths, each 300 meters long, capable of handling Cape-size vessels up to 170,000 deadweight tonnes (DWT).

Developed and operated under environmental guidelines and the Green Port Policy, the terminal aims to enhance cargo-handling capabilities, boost trade, and contribute to India's maritime infrastructure. Essar Group, a global conglomerate with extensive experience in various sectors, views the project as a pivotal step in its port business expansion, both domestically in Gujarat and internationally.

CEO Ashish Rajgarhia emphasized the project's role in rebuilding and enhancing the company's port portfolio, while V. Srinivasan, a key infrastructure partner at Essar Group, highlighted the company's commitment to sustainable growth and long-term value creation through this major investment.