TAJPUR PORT PROJECT
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Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project.
JSW Infrastructure to re-evaluate strategy for Tajpur port project 'if it comes for re-bidding': Official
JSW Infrastructure Ltd remains interested in the Tajpur deep sea port project in West Bengal, open to reassessing strategies if the project is re-bid, following Adani Ports and SEZ Ltd winning the last tender. Chief Minister Mamata Banerjee's announcement of a new tender has created uncertainty. APSEZ and JSW Infra are key players in the project, expected to attract a significant investment and create numerous jobs, awaiting further developments.
Communications with Adani Group on over Tajpur project: West Bengal minister
West Bengal's state minister, Shashi Panja, confirmed that communication is ongoing between the West Bengal government and the Adani Group over the Tajpur deep-sea port project. The project is ongoing, and the government has sought permissions from four Indian departments. Panja also mentioned that the Adani Group's absence from the Bengal Global Business Summit (BGBS) raised questions about its role in the project.
Tajpur port: Cloud over Adani's role as Mamata makes new tender announcement
The project initially was intended for Adani Ports and SEZ Ltd (APSEZ) in October 2022 as they were the L1 bidder out of two final bids received. JSW Group was also a contender in that round of bidding. Addressing the delegates at the ongoing Bengal Global Business Summit (BGBS), Banerjee said there are 12 "game-changing opportunities" in Bengal.
Committed to Tajpur Port, waiting for formalities from Bengal govt: Adani official
"We remain committed to Tajpur deep-sea port and awaiting the statutory requirements from the state, associated with the project," the official said when contacted but declined to be identified.
Adani crisis unlikely to have any impact on Bengal's Tajpur port project: Business chambers
Adani group's listed companies have lost over USD 70 billion since the January 24 report of US short seller Hindenburg Research that flagged high debt levels at the ports-to-energy conglomerate and the alleged use of offshore entities in tax havens. The Indian group has denied all charges and threatened to sue the US firm.
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Current ‘brouhaha’ will pass; we need more Adanis to undertake infra projects: Vinayak Chatterjee
“Adanis are domestic facing. There is a huge demand and much of the value is still to unfold. Some of the bigger investments, like the transshipment port at Vanagaram near Kochi, the Tajpur Port in Bengal, the massive investment in the renewable energy park in Kutch. There is the world's largest renewable energy park of 30,000 MW, of which the Adani Group is implementing 50% or about 15,000 MW.”
Silver lining in mayhem! Kotak Equities upgrades Adani Ports to ‘buy’
Adani Ports is also a keen contender for acquiring the government’s stake in Container Corp, given its growth ambitions in logistics, adjacent ports offerings, and large balance sheet and benign leverage.
Adani Ports can rally 14%, says Kotak Institutional Equities
“ADSEZ has surprised us and the Street by the pace of new asset additions from the private sector and at reasonable valuations. We see enabling conditions for ADSEZ to replicate the same for government sector projects on offer,” Kotak Institutional Equity said in a report.
West Bengal govt hands over LoI to Adani Ports for Tajpur port
West Bengal Chief Minister Mamata Banerjee handed over the LOI to Karan Adani, CEO of Adani Ports today evening. The port would entail an investment of Rs 15,000 crore, the state government said.
Adani Ports secures $3.1 billion port project in eastern India state
Adani Ports & Special Economic Zone Ltd., controlled by world’s second-richest man Gautam Adani, was selected on Monday to develop the Tajpur deep sea port, according to a statement from the state government. The greenfield project will entail a total investment of 250 billion rupees ($3.1 billion), of which 150 billion rupees will go toward port development and the rest toward building related infrastructure, it said.
Adani Ports scales new 52-week high on bagging Tajpur port project
The port is proposed to be developed on a straight beachfront and will be located very close to the mineral-rich belts of West Bengal, Jharkhand and Odisha. The identified site is located 180 km from Kolkata and 10 km from Digha.
Bengal will be no 1 in creation of jobs in 4-5 years: WB CM Mamata Banerjee
West Bengal Chief Minister Mamata Banerjee on Thursday said that the state will be number one in creation of jobs in the next four to five years which is the aim of the government now. Banerjee, who was speaking at an event in Kharagpur, said that the government's job is to "match make" job seekers and industry with employment generation as its target.
Mamata Banerjee warns of taking back unused industrial lands for fresh ventures
Speaking at a programme of private firm Titagarh Wagons here in Hooghly district, Banerjee asked the chief secretary to look into the idle land of sick automobile maker Hindustan Motors (HM) and consider taking it back as the state government wants to build an industrial zone there.
Adani highest bidder for West Bengal's Tajpur deep-sea port
Adani Port and Sajjan Jindal-led JSW Group were the only two entities that took part in the financial bid round.
Bengal Budget: FM expands cash transfer, provides tax sops to tea sector and electric vehicles
The budget also seeks to provide relief to the tea sector and its workers, and incentivized investments in battery operated two-wheeler and four-wheeler vehicles. Tax relief has also been offered to reduce carbon emission.
West Bengal govt begins disbursal of compensation to consenting landowners in Deocha Pachami
Around 150 landowners were handed over compensation cheques, land rights documents and appointment letters for jobs by district administration today while Chief Minister Mamata Banerjee handed over cheques to 50 persons at Nabanna today.
Mamata holds meet Adani Ports CEO over proposed investments in Tajpur Port
Tajpur port is a proposed deep-sea port to be built by the West Bengal government.
Bengal government matches power tariff in industrial parks with DVC rate
The top official of the state nodal agency for investment in the state expects to complete the makeover of the 'Silpa Sathi' website soon and turn it into a single-window application gateway for projects.
West Bengal creates one-window clearance system for businesses
Mamata Banerjee on Wednesday said that she has been focussing on social welfare schemes all this while but now she will put emphasis on industrial growth in Bengal.
West Bengal will emerge as number one destination for industry, says Mamata Banerjee
"Now, our destination is industry. West Bengal is already number one in social welfare schemes. An empowered group has been formed for this purpose of which I am the chairman. Industry minister Partha Chatterjee and other various departmental representatives are its members," she said.
It would be great if West Bengal gets electric vehicle manufacturing industry: Mamata at meeting with Gadkari
Banerjee, who is in Delhi to initiate talks with opposition parties to stitch together a united front against the ruling BJP, brought up pending road and transport projects, including the deep-sea port at Tajpur, during her discussions with Gadkari, sources said.
Mamata govt did not cooperate on Tajpur port, drove away automobile company from Bengal: Gadkari
"As the transport minister, I had taken the initiative to bring a big automobile firm to Nandigram but the Trinamool Congress government drove the company away," Gadkari said.
Beach Bounty: India will soon have 17 coastal tourism circuits jostling for attention
India can become a hot destination for beach tourism and the govt says there are about 200 beaches with tourism potential.
Projects worth Rs 20,000 crore under implementation to boost ports capacity
These 112 port capacity expansion projects had been identified for implementation over next 20 years and are expected to add 780 mtpa capacity at major ports.
Centre seeks 74 per cent stake in Tajpur Special Purpose Vehicle from Bengal government
Centre had threatened to scrap Sagar Port project citing viability issue if Tajpur comes without partnering KoPT (Centre).
West Bengal government identifies land to set up new sea port
The project would be placed in the cabinet for approval very soon, following which a competitive bidding process would start.
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