A joint venture led by Hyderabad-based Vishwa Samudra has won a Rs 2,949.70 crore engineering, procurement and construction (EPC) contract from the Andhra Pradesh government for a new port at Bhavanapadu in Srikakulam district.
Hyderabad-based R R Constructions is a partner in the joint venture (JV) that pipped Megha Engineering & Infrastructure (MEIL) to win the EPC deal for Bhavanapadu port.
The Andhra Pradesh government plans to build all-weather, deep water, multi-purpose port, costing Rs 3,670 crore at Bhavanapadu.
In April 2021, Adani Ports and Special Economic Zone (APSEZ) bought the 25 percent stake held by Vishwa Samudra in Krishnapatnam Port Company for Rs 2,800 crore to add to the 75 percent it acquired in the port operating company from the Navayuga Group in October 2020.
The A P Maritime Board has applied to the Centre seeking environment and CRZ clearances for the Bhavanapadu port project.