Vedanta Wins Port of Mormugao Contract
- Business & Finance
Vedanta Limited has received the ‘Letter of Award’ for redevelopment of berth No. 8, 9 and barge berths at Port of Mormugao in Goa, India.
The project will be handled by Sterlite Ports Limited, a wholly owned subsidiary of Vedanta Limited.
This contract has been awarded through a competitive bidding process on DBFOT Basis (Design, Build, Finance, Operate and Transfer) for the 19 million metric tonnes per annum (MMTPA) capacity multi-cargo port terminal in Mormugao Port, Goa.
The re-developed berths are planned to handle all type of cargo including iron ore, coal, limestone, bauxite and general cargo with an expected capacity of 19.22 million tonnes per annum.
Vedanta currently owns and operates a 14 MMTPA capacity fully mechanized coal terminal in Visakhapatnam Port, Andhra Pradesh.
With this, Vedanta’s Sterlite Ports will have a strategic presence on both West and East Coasts in the traditional iron ore and coal hubs respectively.