+
Cuddalore Port Privatisation Faces Setback as Bidders Withdraw
PORTS & SHIPPING

Cuddalore Port Privatisation Faces Setback as Bidders Withdraw

The Tamil Nadu government's initiative to privatise Cuddalore Port has hit a roadblock as potential bidders refrained from participating. The state's plan aimed to enhance port operations through private investment, but the absence of bidders has put the project on hold.

Officials had anticipated significant interest, given the strategic location of Cuddalore Port and its potential for growth. However, industry experts cite various factors contributing to the lack of interest, including unclear policies and financial uncertainties.

The government had planned to improve port infrastructure and operational efficiency by involving private players. This move was expected to boost regional economic activity and create jobs. The privatisation was part of a broader strategy to enhance the state's maritime capabilities and attract international trade.

Despite the setback, the Tamil Nadu government remains optimistic about finding solutions. Discussions are underway to address the concerns raised by potential investors. Authorities are considering revising the terms and conditions of the tender to make it more appealing.

Stakeholders emphasise the importance of clear regulatory frameworks and attractive financial incentives to revive interest in the project. The government is also exploring partnerships with international port operators to bring in expertise and investment.

Cuddalore Port holds strategic significance due to its proximity to major industrial hubs and its potential to decongest other major ports in the region. Reviving the privatisation effort is crucial for unlocking the port's potential and driving economic growth in Tamil Nadu. The government remains committed to overcoming challenges and ensuring the successful privatisation of Cuddalore Port.

The Tamil Nadu government's initiative to privatise Cuddalore Port has hit a roadblock as potential bidders refrained from participating. The state's plan aimed to enhance port operations through private investment, but the absence of bidders has put the project on hold. Officials had anticipated significant interest, given the strategic location of Cuddalore Port and its potential for growth. However, industry experts cite various factors contributing to the lack of interest, including unclear policies and financial uncertainties. The government had planned to improve port infrastructure and operational efficiency by involving private players. This move was expected to boost regional economic activity and create jobs. The privatisation was part of a broader strategy to enhance the state's maritime capabilities and attract international trade. Despite the setback, the Tamil Nadu government remains optimistic about finding solutions. Discussions are underway to address the concerns raised by potential investors. Authorities are considering revising the terms and conditions of the tender to make it more appealing. Stakeholders emphasise the importance of clear regulatory frameworks and attractive financial incentives to revive interest in the project. The government is also exploring partnerships with international port operators to bring in expertise and investment. Cuddalore Port holds strategic significance due to its proximity to major industrial hubs and its potential to decongest other major ports in the region. Reviving the privatisation effort is crucial for unlocking the port's potential and driving economic growth in Tamil Nadu. The government remains committed to overcoming challenges and ensuring the successful privatisation of Cuddalore Port.

Next Story
Infrastructure Energy

Websol Energy revenue up 96 per cent in Q1 FY26

Websol Energy System Limited, one of India’s leading manufacturers of high-efficiency solar cells and modules, has announced its unaudited financial results for the quarter ended 30 June 2025, showing strong growth across all metrics.Financial HighlightsRevenue from operations stood at Rs 2.19 billion, up 96 per cent year-on-year from Rs 1.12 billion in Q1 FY25.EBITDA reached Rs 1.04 billion with a margin of 47.3 per cent, compared with Rs 440 million and a margin of 39.4 per cent in Q1 FY25.Profit before tax (PBT) rose to Rs 910 million, an increase of 186 per cent from Rs 320 million in th..

Next Story
Technology

ITI honoured by ISRO for role in NISAR satellite launch

ITI Limited, India’s first PSU established after independence and a leading telecom manufacturer, has been recognised by the Indian Space Research Organisation (ISRO) for its contribution to the successful launch of the NASA–ISRO Synthetic Aperture Radar (NISAR) satellite on 30 July 2025. The appreciation highlights ITI’s timely realisation of avionics systems while meeting all quality standards set by the Vikram Sarabhai Space Centre (VSSC).The landmark mission was carried out by ISRO’s GSLV-F16 rocket, which placed the 2,393 kg NISAR satellite into its intended orbit from the Satish ..

Next Story
Infrastructure Urban

Kings Infra posts 22 per cent rise in Q1 income

Kings Infra Ventures Limited today announced its results for Q1 FY25-26, reporting strong growth driven by expanded exports and the integration of additional leased farms into its high-efficiency supply chain. The performance reflects the company’s strategic focus on diversifying global markets, enhancing farm productivity, and consolidating its position in the high-growth healthy proteins sector.Financial PerformanceTotal income rose to Rs 3.42 billion, up 21.68 per cent from Rs 2.81 billion in Q1 FY24-25.EBITDA increased to Rs 701 million, a 36.91 per cent rise from Rs 512 million.EBITDA m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?