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Article: Inida : Sical Logistics to build mechanized iron ore facility at New Mangalore Port.
- Article from:
- TendersInfo
- Article date:
- September 29, 2009
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In a major infrastructure expansion program the New Mangalore Port Trust has moved close to striking a deal with a firm to set up a mechanized iron ore handling facility at a cost of INR 300 crore.
Chennai based Sical Logistics Ltd a leading provider of integrated solutions for offshore logistics and multi-modal logistics for bulk cargo, will be the investor for INR 300 crore.
The company will build it on Build Own Transfer basis and offer 37% of the gross revenue to NMPT. Sources told The Hindu that this is the highest revenue share offered for any of the NMPT projects in the recent past by any private firm in any project undertaken by it.
The ...