First-phase completion is forecast by 2029. Credit: Iam_Anuphone via Shutterstock.

ITD Cementation India, an engineering and construction company, has been awarded a Rs16.48bn ($192m) engineering, procurement, and construction (EPC) contract for key developments at Vadhvan Port, Dahanu, in the Indian state of Maharashtra.

The project, which involves near-shore reclamation and shore protection, is a crucial step in the port’s expansion, Business Standard reported.

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The company submitted the lowest bid, securing the contract at a price 6.9% below the pre-estimated cost of Rs17.7bn, excluding goods and services tax.

The Vadhvan Port Project (VPPL) board has approved the contract.

The contract covers the development of approximately 200ha of land in the near-shore area, which is essential for the commencement of other significant aspects of the Vadhvan Port project, including loading points and infrastructure.

ITD Cementation outbid competitors such as Man Infra Construction, in a joint venture with TIPL, and Navayuga Engineering Company, all of whom met the qualification criteria set by VPPL.

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The Vadhvan Port project, with an overall value of Rs762.2bn, is the largest port initiative in India and is being carried out by VPPL, a special-purpose vehicle.

Upon completion, the port is expected to become India’s 13th ‘major’ and ‘largest’ container port, with the first phase expected to be finished by 2029.

Located in the Palghar district, the all-weather greenfield deep draft port is being developed under a landlord model, with terminals constructed through public-private partnerships. The project is anticipated to generate 1.2 million job opportunities.

The Jawaharlal Nehru Port Authority (JNPA) owns a 74% stake in the project, with the remaining 26% held by the Maharashtra Maritime Board.

JNPA chair and VPPL chief managing director Unmesh Wagh was quoted by the news agency as saying: “This contract represents an important step towards establishing the core infrastructure for Vadhvan Port.

“The near-shore reclamation will lay the groundwork for subsequent phases of the project. It will ensure we move forward with a strong and sustainable base. As we step into 2025, we look forward to accelerating the work and making steady progress towards our goal.”