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• A consortium of ABG-LDA Bulk Handling Pvt. Ltd and IL&FS Maritime Infrastructure Co. Ltd is set to win the rights to develop and operate mechanized fertilizer loading facilities at Visakhapatnam port in Andhra Pradesh.The Rs.250 crore, 5.2-million tonne-capacity-a-year project involves installing mechanized loading facilities along with bagging and dispatch facilities for fertilizers at an existing berth in the Union government-owned Vizag port, India’s second biggest by cargo handled.
• The ABG-LDA Bulk Handling-IL&FS Maritime was the only group to submit a price bid for the 30-year contract from a shortlist of four when the deadline ended on 30 January.The other three pre-qualified bidders—GVK Power and Infrastructure Ltd, Vadinar Oil Terminal Ltd and Gangavaram Port Ltd—dropped out without submitting price bids.The ABG-LDA Bulk Handling-IL&FS Maritime consortium quoted a revenue share price bid of 21.25%, at least two persons familiar with the bid results said on condition of anonymity.
• Cargo-handling contracts at India’s dozen Union government-owned ports are decided on the basis of revenue share. The entity willing to share the most from its annual revenue with the government-owned ports wins the deal.A spokesman for Visakhapatnam port confirmed the results of the bid. A spokesman for ABG-LDA Bulk Handling declined to comment ahead of a formal announcement from the port management on the tender. ABG-LDA Bulk Handling is a joint venture between Mumbai-listed port logistics firm ABG Infralogistics Ltd and French shipping firm Louis Dreyfus Armateurs for handling dry bulk cargo at ports. ABG Infralogistics holds a 51% stake in the joint venture, with Louis Dreyfus holding the balance equity.ABG-LDA Bulk Handling runs facilities at Union government-owned ports located at New Mangalore, Paradip, Haldia, Vizag and Tuticorin. These facilities can handle bulk cargoes such as coal, iron ore, fertilizers, grains, cement and other such commodities.

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