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Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS


NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coal handling terminal at port of Mormugao, Goa on a design, build, finance, operate and transfer (DHFOT) basis. The letter of award to the consortium led by Mundra Port has been received.

Highlighting the terms of the contract Rajeeva Ranjan Sinha, director, said that the contract involves development and operating a berth at the port to handle about 6.5 million tonnes of cargo and would handle 5 million tonnes in the first year itself and have a revenue share of 20% with the port trust. The volume of cargo would increase with mechanisation. It would have a concession period of 30 years in accordance with a concession agreement to be executed between Mundra Port led consortium and Mormugao Port Trust.

Currently, Mundra Port is developing a Rs 2000 crore, 50 million tonne capacity, coal handling terminal at Mundra and also a multi-purpose cargo terminal with two berths at Dahej in joint venture with Petronet LNG.

Mundra Port had just declared its quarterly results where the cargo handled showed a jump of 24%, the quarterly revenues at Rs 306.77 crore showed all increase of 21% YOY and PAT registered increase of 76% on YoY basis to Rs 170.76 crore.

The company made this announcement during the trading hours today, 10 August 2009.
Source:
NDTV



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