Sterlite Industries in association with Leighton Contractors Indi bagged the US$150 million (about Rs. 675 crore) mechanized coal-handling facility in 2010, on a revenue-share basis for the 30-years.
For the upcoming new coal berth at Vizag, a coal-handling rate of Rs. 131.94 per tonne has been fixed by the Tariff Authority for Major Ports. And hence, under its bid to share 38.1 per cent of revenue, the company would be sharing Rs. 50.26 per tonne of its operating income from handling the cargo at the port.
Apart from this, Rs. 900-crore joint venture between Sterlite and the Indian subsidiary of the Australian diversified group Leighton Contractors, is also constructing a berth for handling clean cargo at the Paradip port on a build-operate-transfer (BOT) basis.