'JSW Infra to reassess strategy for Tajpur port if it comes for re-bidding'

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'JSW Infra to reassess strategy for Tajpur port if it comes for re-bidding' - Business Standard

Quick Summary:

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 "if the project comes for re-bidding", a senior official said.

However, Chief Minister Mamata Banerjee's announcement at the Bengal Global Business Summit (BGBS) in November 2023 that a tender would soon be launched for the development of the port.

JSW Group had failed to emerge as the winning bidder in the last tendering round, where Adani Ports and SEZ Ltd (APSEZ) had emerged as the L1 bidder in October 2022, and a Letter of Intent to Award (LOIA) was handed over to the company.