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Mormugao Port Trust has awarded the redevelopment of existing berths 8, 9 and barge berths at the Port of Mormugao, Goa (India), to Vedanta Limited's wholly owned subsidiary, Sterlite Ports Limited.

Sterlite Ports Limited will be signing a MoU pursuant to the 'Letter of Award' for Goa on Develop, Build, Finance, Operate and Transfer (DBFOT) basis for a concession period of 30 years with the Mormugoa Port Trust. The project was awarded through a competitive bidding process.

The redeveloped berths are planned to handle all type of cargo including iron ore, coal and general cargo with an expected capacity of 19.22 million tonnes per annum. Redevelopment of the berths would be done over a period of 3 to 5 years.

Vedanta Limited is the largest exporter of iron ore from Goa and this project will provide logistic integration to its iron ore business apart from handling other cargo.

The ramp up of the Goan iron ore industry beyond 20 million tons through this port will be a significant gateway for the mining industry in the state giving them the added advantage of end to end scale of operations in terms of cargo movement and consolidation.

Sterlite Ports Limited currently owns and operates a 14 MMTPA capacity fully mechanized coal terminal in Visakhapatnam Port, Andhra Pradesh. Sterlite Ports will have a strategic presence on both west and east coasts in the traditional iron ore and coal hubs respectively.

A Request for Qualifications for the project had been issued in June 2014.