A terminated contract from its past could end up keeping Adani out of the government’s lucrative port privatization drive.
The Adani group’s ports business is in the midst of multiple legal disputes, the fate of which will determine its chances of bidding for new port infrastructure projects.
Since last year, several port authorities have disqualified the Adani group company from bidding for projects because it failed to perform under an earlier contract. Signed in 2011, the concession agreement between Adani Ports and Special Economic Zone, or APSEZ, and the Visakhapatnam Port was terminated in late 2020 after years of lackluster performance.
These new port projects, being put up on a public-private-partnership basis, are part of the central government’s privatization …
Nihar Gokhale led the Chaos coverage at The Morning Context. Nihar wrote on the environment, the economy and resource conflicts in India. He has reported from across the country on everything from displacement, pollution and environmental violations to land regulation, corruption and human rights. He was earlier associate editor at Land Conflict Watch, and his work has appeared in Scroll, The Wire, IndiaSpend, The Caravan and Mongabay India.
Editor, Chaos
nihar@mailtmc.com
Delhi
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai