West Bengal Govt Hands Over Letter Of Award For Tajpur Port To Adani Ports

At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."

Topics

Adani Ports | West Bengal | Karan Adani

BS Reporter  |  Kolkata 



Adani Ports, APSEZ

According to a statement from the state government, the port would entail an investment of Rs 15,000 crore.

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

The government on Wednesday handed over the Letter of Award for development of a deep-sea port at Tajpur to .

It was received by Karan Adani, CEO, and Special Economic Zone (APSEZ) at a post-Durga puja event hosted by the state government in the presence of Chief Minister, .

In a stock exchange filing, APSEZ said that the company has received Letter of Award from Industrial Development Corporation for development of deep-sea port at Tajpur, on Design, Build, Finance, Operate and Transfer basis.

At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."

The hand-over of the LoA for the port at Tajpur follows the Bengal Cabinet approval last month for issuing it.

According to a statement from the state government, the port would entail an investment of Rs 15,000 crore.

The related port-led infrastructure development would involve another Rs 10,000 crore, it said. According to the government, the project would create 25,000 jobs directly.


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Wed, October 12 2022. 21:41 IST


RECENT NEWS

Citigroup Allegedly Favoured By Drug Traffickers For Money Laundering Activities

Recent allegations by U.S. law enforcement officials have cast a shadow over Citigroup, one of the world’s largest ban... Read more

Central Bank QE Losses: Financial Realities And Economic Implications

Quantitative Easing (QE) has been a central tool for central banks to stimulate economic growth during periods of financ... Read more

Leadership Shakeup At Citigroup Fuels Succession Rumors

Jane Fraser's recent appointment of three new executives at Citigroup has stirred speculation on Wall Street about the b... Read more

Capital One And Discover Merger: Boosting Competition And Innovation In Financial Services

The potential merger between Capital One and Discover could create a formidable competitor in the financial services ind... Read more

Citigroups Fat-Finger Error: Lessons In Financial Oversight

The financial world was taken aback when Citigroup, one of the largest global banks, was fined £62 million by UK regula... Read more

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more