Essar Ports emmerges sole bidder for Chennai port’s mega box terminal

Essar Ports is the lone bidder for the Rs 3,700 crore mega container terminal project at Chennai port. It has offered a revenue share of 5.25 per cent for the project, slightly above the 5 per cent Adani Ports offered in the earlier bid that take place in last bidding.
The two Indian groups Essar and Adani were the only bidders for the project, designed to handle four million 20-foot containers annually. Adani could not get security clearance on time, leaving Essar as the lone bidder, said a

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