"We feel the terms of tender are the right steps to ensure that only serious players remain in the fray. We will submit our bid tomorrow," Ashish Kaul, spokesman of Essel group, said.
Essel and TAV group of Europe have joined hands to bid for the project under the name PanIndia Paryatan-TAV Combine.
The Bharti-Changi consortium yesterday expressed its inability to participate in the modernisation project.
