Andhra govt to negotiate with Adani Group on Bhavanapadu port project

The authorities feel the revenue share offered by the multi-port operator is on the lower side

Andhra Pradesh government is planning to hold negotiations with Adani Group before taking a final call on the bid submitted by the company for the development of green-field Bhavanapadu port project in north coastal district of Srikakulam. The authorities feel the revenue share offered by the country's largest private multi-port operator is on the lower side.

Adanis turned out to be the lone bidder for the project as the two home grown port operators -- Navayuga and Gangavaram Port Limited -- had withdrawn from the fray just before the submission of financial bids late last year. However, the authorities went