JSW Infrastructure Reconsiders Strategy for Tajpur Deep Sea Port
JSW Infrastructure Ltd is considering re-evaluating its strategy for West Bengal's mega Tajpur deep sea port project, should it come up for re-bidding. The project, which promises substantial investments and job creation, has seen past bidding challenges and remains a high-interest venture for JSW despite recent bidding setbacks.
- Country:
- India
Indicating sustained interest in West Bengal's Tajpur deep sea port, JSW Infrastructure Ltd has signaled readiness to reassess its strategy if the project is re-opened for bidding, a senior official from the company stated.
Previously, JSW Group was outbid by Adani Ports and SEZ Ltd (APSEZ) in the last tendering round, concluded in October 2022. Chief Minister Mamata Banerjee's announcement at the Bengal Global Business Summit in November 2023 has potential bidders on alert as a new tender is anticipated soon, raising questions over the project's development timeline.
Joint Managing Director and CEO of JSW Infrastructure, Arun Maheswari, expressed a willingness to re-evaluate bidding strategies at a recent CII Young Indians event in Kolkata. Meanwhile, Adani group officials confirmed their ongoing engagement with the state administration, though no official steps have been disclosed by the government following the CM's comments.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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