He says the concession agreement had a clause which required the Adani Group to pay ₹12 lakh per day to the government in the event of delays. For five years, the penalty comes to ₹219 crore
CM Satheesan hits back at Opposition, claims previous LDF govt was aware of proposed Vizhinjam deal
Former State Industries Minister terms the move a blatant violation of the concession agreement signed by the State government and AVPPL, the concessionaire of the port. He says Satheesan has only expressed displeasure over the Adani Group not communicating the move to the govt. The Chief Minister should make it clear that strict action will be taken against the violation of contract terms, he says