Wednesday 12 December 2018

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Infrastructure | Ports

Vedanta's arm wins contract to develop MPT berths

 

Metals major Vedanta today said its subsidiary Sterlite Ports will redevelop Mormugao port in Goa on Develop, Build, Finance, Operate and Transfer (DBFOT) basis for 30 years.

Sterlite Ports, a wholly-owned subsidiary, will be signing an MoU pursuant to 'Letter of Award' for redevelopment of existing berths 8, 9 and barge berths at Mormugao port on DBFOT basis for a concession period of 30 years with the Mormugoa Port Trust, it said in a regulatory filing. 

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