Permissions to Sterling Port Ltd for development of port at Dahej cancelled
July 08, 2019
Gandhinagar: Gujarat Chief Minister Vijay Rupani has ordered to cancel all the permissions given to Sterling Port Ltd for development of an all weather port at Dahej in Bharuch district of the state.
Sterling port Ltd’s promoters are Nitin Sandesara and his borther Chetan Sandesara who were also the promoters of Vadodara based phama company Sterling Biotech and were involved in over Rs 11000 crore bank loan defraud scam.
Rupani has also ordered the authorities in Gujarat Maritime Board to take back the around 85 hectare land given to the company for the port development purpose.
The government had through the board entered in to a concession agreement with Sterling Ports ltd in Mid 2014 for the development of Dahej Port as a world class all weather port. The company which was to invest over Rs 2000 crore for the purpose in the first phase, had in fact failed to provide Rs 37 crore bank guarantee to board and the rent of the land leased to it for development of the port.
DeshGujarat
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