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Vizag port coal-handling unit to go on stream by Q4

Vizag port coal-handling unit to go on stream by Q4

The Rs 675-crore mechanised coal-handling facility of Vedanta Resources at Visakha­patnam port in Andhra Pradesh is all set to go on stream by the fourth quarter of 2011-12. The project will be implemented under the company's flagship firm Sterlite Industries, along with an Australian partner. The company has a 74 per cent equity interest in Vizag General Cargo Berth (VGCB), a special purpose vehicle formed as a joint venture between the company and Australia-based Leighton Contractors India.

According to the company's annual report, the initial capacity of the upgraded berth will be 10.2 million tonne per annum and can be upgraded to 12.5 million tonne per annum.

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