Mundra Port wins order to develop coal terminal
Mundra Port and Special Economic Zone said on Monday it has won a contract to develop a coal handling terminal at the port of Mormugao in Goa on a design, build, finance, operate transfer basis.
The contract involves developing and operating a berth at the port to handle about 6.5 million tonnes of cargo with a revenue share of 20 percent, it said in a press release to the Bombay Stock Exchange.
The terminal, which would have a consession period of 30 years, is scheduled to commence operations in FY12 and will be funded by internal accruals and debt, the firm said.
Port Mormugao is a key location for handling coal for industries in Goa, Karnataka and southern Maharashtra.
Currently, Mundra Port is developing a 20-billion-rupee coal handling terminal at Mundra and another multi-purpose cargo terminal at Dahej, Gujarat in joint venture with Petronet LNG , it said.
The contract involves developing and operating a berth at the port to handle about 6.5 million tonnes of cargo with a revenue share of 20 percent, it said in a press release to the Bombay Stock Exchange.
The terminal, which would have a consession period of 30 years, is scheduled to commence operations in FY12 and will be funded by internal accruals and debt, the firm said.
Port Mormugao is a key location for handling coal for industries in Goa, Karnataka and southern Maharashtra.
Currently, Mundra Port is developing a 20-billion-rupee coal handling terminal at Mundra and another multi-purpose cargo terminal at Dahej, Gujarat in joint venture with Petronet LNG , it said.