Navayuga-led JV emerges as the successful bidder for Ramayapatnam port

Infrastructure Transport

The Joint Venture led by Navayuga Engineering Company Limited has been selected as the successful bidders for the construction of a greenfield port at Ramayapatnam in Prakasam district. The JV quoted a price 0.5% less than IBM values. The port is one of the four non-major port which are set to come up in the state of Andhra Pradesh. Recently the Prakasam administration cleared a major hurdle by convincing villagers to give their land. According to the data, 650 acres of land were required to start the first phase of the port project.
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