India’s appeals court in Mumbai (Bombay High Court) has rejected the Adani Group’s petition challenging its disqualification from a tender seeking to privatise the state-owned terminal in Nhava Sheva (JNPA), known as the Jawaharlal Nehru Port Container Terminal (JNPCT).
The development is seen as a setback for Adani’s aggressive efforts to further expand its container market share in the country, which have already enabled the private conglomerate to outpace Nhava Sheva as India’s busiest box...