India, Feb. 4 -- Over a month after the Centre green-lit an Rs.887-crore plan to develop a marina for private yachts at Cross Island, off the Gateway of India, the Mumbai Port Authority (MbPA), which will invest around Rs.470 crore on core marina infrastructure, received bids from five companies, including the Adani Group-owned Cemindia Projects Ltd, and Larsen & Toubro on Tuesday.

Alongside, in order to make the project lucrative for the company implementing it, MbPA has decided to include a five-star hotel with 322 rooms, a club, a tourist centre and a sailing school.

The Adani Group is a major player in the shipping industry.

Confirming the development, MbPA chairman M Angamuthu said, "We had floated a global bidding for the marina ...