Vedanta's arm wins contract to develop MPT berths

PTI, PANAJI | 15 April 2016 21:12 IST

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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