Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Chennai Port Rejects Mundra Bid for Container Terminal Contract

Chennai Port Trust said it rejected a bid of 37 billion rupees ($697 million) from billionaire Gautam Adani’s Mundra Port and Special Economic Zone Ltd. to build a container terminal.

“We rejected it because the royalty offered was very low,” Chennai Port Trust Chairman Atulya Misra said by phone today.

The bid was the only one received for the contract to build by 2018 India’s first deep-water terminal capable of handling container ships of 400 meters in length, according to the port’s website.

Ahmedabad-based Mundra Port is 77 percent owned by Adani Enterprises Ltd., India’s biggest coal importer, and won a long-term lease in May to operate Australia’s Abbot Point terminal.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.