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Vizag port signs deal with Sterlite Ind

BS Reporter  |  Chennai/ Visakhapatnam 

Visakhapatnam port has entered into an agreement with Sterlite Industries to set up mechanical coal handling system on general cargo berth at outer harbour with an investment of Rs 443 crore. The project, to be completed by 2012, will be able to handle up to 2,00,000 tonne DWT vessels at the general cargo berth. With this, coal handling capacity at the port would increase up to 10.18 million tonne a year, according to a company release.

The port has entered into an MoU with the Steel Authority of India Limited and Essar Steels.

Under this, these will get concessions on cargo handling charges and be given preference in berthing of vessels.

The Visakhapatnam Port Trust (VPT) had already signed MoUs with seven

The port has signed another MoU with Balmer Lowrie and Company Limited for setting up a multi-modal logistic hub in 65 acre of VPT land in the Exim Park. The proposed hub will be set up as a joint venture through a special purpose vehicle.

First Published: Mon, June 14 2010. 00:12 IST