India expands foreign port presence with new consortium
NewsIndia is forming a consortium to acquire and develop foreign ports, with IPGL managing operations, IPRCL handling infrastructure, and SDCL overseeing financing.
India’s Navayuga Engineering Co (NEC) has emerged as the lowest bidder in the race to build a new multi-purpose berth at the Port of Visakhapatnam. Other bidders included Essar, Kvaerner, Larsen & Toubro and Afcons..
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