According to industry sources, Chennai port directed Adani Ports and Special Economic Zone (APSEZ) to seek security clearance from the central government to bid for the proposed container terminal project.
Chennai port, which is in the process of awarding the proposed Rs 3,686 crore container terminal project, received a representation from Adani Ports seeking eligibility to bid for the contract.
However, security clearance for port bidders is granted by the central government and Chennai port does not have any role to play in this matter. So, it directed the company to union government.
It may be recalled that earlier the union government decided to deny security clearance to APSEZ to bid for contracts at ports controlled by the central government.
Therefore, APSEZ, India’s biggest private port operator, was unable to bid for the Rs 3,686 crore terminal project.
Adani Ports was one of the two entities that placed price bids for the project. The company is 77.5 percent owned by Adani Enterprises, the flagship business of Ahmedabad-based Adani Group.
A consortium of Essar Ports and Vadinar Oil Terminals quoted a revenue share price bid of 5.25 percent when the bid was opened on 24 December.