> BusinessDrum rolls to the very first face-off between the Indian billionaires Mukesh Ambani and Gautam Adani. Both Adani and Ambani are said to be the highest bidder for the development and operation of India’s very first multi modal logistics park (MMLP) at Mappedu in Tamil Nadu’s Thiruvallur district. Reliance Industries Ltd and Adani Logistics Ltd were incidentally the first two bidders who qualified for the very first MMLP under the Bharatmala Pariyojana. Rs 459 croresReportedly, Reliance Industries have quoted a minimum guaranteed revenue share of Rs 459 crore. Meanwhile, Adani Logistics have quoted Rs 400 crore for the same.

Source: Economic Times November 03, 2022 01:14 UTC