L&T set to win Rs554 crore deal to extend Paradip Port’s South breakwater
economictimes
India
21-02-2024
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Paradip Port Authority, the state-owned entity that runs the Paradip Port in Odisha, will award an Rs554 crore work to Larsen & Toubro Ltd, India's biggest engineering and construction firm, to extend the port's south breakwater by 500 meters as part of a plan to dock fully loaded Capesize ships.
Larsen & Toubro quoted 9 percent above the cost of Rs508.52 crore estimated by the port authority for the work on a tender, the lowest among other bidders including Afcons Infrastructure Ltd, sources with knowledge of the bid said, asking not to be named.
The Board of Paradip Port Authority is expected to meet this week to clear the bid of Larsen & Toubro, said one of the sources, an official with the Ministry of Ports, Shipping, and Waterways, which controls the port, India's biggest state-run port by volumes.