Navayuga-led JV bags Ramayapatnam port project
The Hindu
The government on Tuesday approved the technical and financial bids submitted by NECL which quoted ₹2,634 crore for the project.
A joint venture firm led by Navayuga Engineering Company Limited (NECL) emerged as the successful bidder for the construction of the proposed greenfield port at Ramayapatnam in Prakasam district. The government on Tuesday approved the technical and financial bids submitted by NECL which quoted ₹2,634 crore for the project to be constructed on EPC basis. Permission has since been accorded to the CEO of AP Maritime Board to issue the letter of acceptance to the NECL - led joint venture entity, as per G.O. Rt No.16 issued by special chief secretary (infrastructure & investment) R. Karikal Valaven.
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