It’s known fact that YS Jagan has canceled the tenders of Polavaram project and has even barred the works of it which were approved by the previous government. Jagan has further called for reverse tendering by making it as the sensation. Navayuga Engineering Company (NEC) was the chief contractor for this Polavaram project.
Now, according to the latest update from close sources, it was known that Jagan has given another big shock to the Indian multinational conglomerate, Navayuga. It was known that AP CM Jagan has shunted out the NEC from Machilipatnam Port (Bandar Port).
Reportedly, it was known as AP government has decided to take back all the 412 acres of land from it that was given to the company in 2010, which may incur huge losses to the NEC as both Polavaram and Bandar port projects were lost from their hands now.
On the development front, Jagan had a detailed meeting with Finance Minister Nirmala Sitaraman and urged for special financial assistance in completing the Polavaram project soon and has also requested PM Modi and Amit Shah to grant the special status for the state.