India’s biggest container gateway, the Jawaharlal Nehru Port Trust (JNPT), and the country’s biggest private port developer, Adani Ports and Special Economic Zone Ltd (APSEZ), are competing for the first time to acquire a port project — the debt laden Dighi Port Ltd — which has been put up for sale under the bankruptcy law.
JNPT and APSEZ have submitted separate resolution plans for Dighi Port Ltd, the entity that runs a greenfield port located on the banks of Rajpuri creek in Maharashtra’s...