Mumbai, May 15: Afcons Infrastructure has emerged as the lowest bidder for the construction of the breakwater package for the upcoming Vadhvan Port project.
Afcons submits lowest financial bid
According to an insider, Afcons Infrastructure, the flagship infrastructure engineering and construction arm of the Shapoorji Pallonji Group, submitted the lowest financial bid of Rs 5,301.25 crore for building the 10.14-km-long breakwater at the greenfield port project coming up near Dahanu in Palghar district.
The proposed structure is expected to be the longest breakwater constructed for an Indian port project.
Breakwater to protect harbour infrastructure
A breakwater is an offshore barrier structure designed to protect harbour areas and port infrastructure from sea waves and rough weather conditions.
The informer said that, after turning out to be the L1 bidder, the next step is the Letter of Award (LoA).
Other bidders in the race
The other two bidders were a consortium comprising Larsen & Toubro and Archirodon Group, which emerged as the second-lowest bidder with a quote of around Rs 5,383 crore, whereas the third bidder was Adani Group unit Ceigall India Ltd.
The breakwater package is considered one of the most critical engineering components of the upcoming Vadhvan Port, which is being developed as a deep-draft, all-weather greenfield port on Maharashtra’s western coast.
Stakeholding in Vadhvan Port project
Jawaharlal Nehru Port Authority holds a 74% stake in Vadhvan Port Project Ltd, while the Maharashtra Maritime Board owns the remaining 26%.
The Rs 76,220-crore Vadhvan Port project is expected to have a cargo handling capacity of 298 million tonnes annually, including 23.2 million TEUs (twenty-foot equivalent units), making it one of the largest container-handling ports in the country.
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Port aims for global ranking
Officials said the port is planned as the 13th major port of India and is being positioned as a 100% green port from inception, with ambitions to rank among the top 10 ports globally after completion.
The project is expected to significantly enhance maritime infrastructure in the Mumbai Metropolitan Region and strengthen India’s cargo handling and international trade capabilities.
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