Vizhinjam: Welspun submits renewed suggestions

Posted on: 07 Jul 2012

Thiruvananthapuram: The Welspun Group-led consortium has submitted its renewed suggetions as to lower the grant amountup to 100 crore rupees, it had sought from the Kerala government to operate Vizhinjam Container Transshipment Terminal.

Welspun submit its renewed suggestions regarding the operation of the terminal on Saturday. The consortium, which had earlier asked for a grant of 479.5 crore, had agreed to lower the amount by 30 crore at first and then by 20 crore more after the Kerala government asked it to reconsider the bid. A consortium led by Welspun group was the only one to submit bids for the Vizhinjam terminal project after the home ministry denied security clearance to Adani group-controlled Mundra Port.