Sterlite Industries to Commission Coal Berth in South India

9 May 2011 (Last Updated May 9th, 2011 18:30)

Vedanta Group's subsidiary Sterlite Industries is planning to commission a coal-handling facility worth $150m at Visakhapatnam in South India by July 2012. The coal berth will consist of a coal cargo handling facility, which will have a capacity of 10.18 million tons per annum, reports

Vedanta Group's subsidiary Sterlite Industries is planning to commission a coal-handling facility worth $150m at Visakhapatnam in South India by July 2012.

The coal berth will consist of a coal cargo handling facility, which will have a capacity of 10.18 million tons per annum, reports Press Trust of India.

Sterlite Industries has quoted a revenue share of 38.1% in its bid for the 30-year contract, which is being developed on a revenue share basis.

The firm won the project to set up the mechanised facility for handling coking and steam coal on general cargo berth from Vizag port, in partnership with Leighton Contractors India, last year.