ITD Cementation, part of the Adani Group, is set to land a ₹1,648 crore project for the Vadhvan Port.

Mumbai - Vadhvan Port Pvt Ltd (VPPL) announced on Tuesday that it has awarded the Engineering, Procurement, and Construction (EPC) contract for near-shore reclamation and shore protection work to ITD Cementation India Ltd for the greenfield Vadhvan Port in Maharashtra.

ITD Cementation quoted a price of ₹1,648 crore (excluding GST), which is 6.9% lower than the estimated cost of ₹1,770 crore (excluding GST). This competitive bid led to the awarding of the contract, VPPL stated after its eighth board meeting on Tuesday.

Unmesh Sharad Wagh, IRS, Chairman of JNPA and CMD of VPPL, commented, “This contract is a significant milestone in establishing the core infrastructure for Vadhvan Port. The near-shore reclamation will lay the foundation for future phases, ensuring sustainable progress. As we enter 2025, we aim to accelerate work and achieve steady advancement toward our objectives.”

The awarded package involves the development of approximately 200 hectares of near-shore land, a crucial element for initiating other key packages of the Greenfield Vadhvan Port Project, including loading points and essential infrastructure. The tender, made available online from October 22, 2024, had a submission deadline of December 19, 2024. Three firms submitted bids by the deadline: Man Infra Construction Ltd. in partnership with TIPL, ITD Cementation India Ltd., and Navayuga Engineering Company Ltd., all meeting the qualification criteria.

Following the opening of price bids on December 30, 2024, the contract was awarded to ITD Cementation India Ltd, as confirmed by JNPA. Located in Palghar district, near Dahanu in Maharashtra, Vadhvan Port is set to become India's 13th major and largest container port. Developed under a landlord model with terminals built through Public-Private Partnerships (PPP), the project received cabinet approval on June 19, 2024, and will be constructed in two phases.