Sical to set up iron ore terminal in Mangalore

Sical Iron Ore Terminal (Mangalore) Ltd, the special purpose vehicle arm of Sical Logistics Ltd signed a concession agreement with the New Mangalore Port Trust to set up an iron ore handling facility at the deep draft multi purpose berth at New Mangalore Port. The company would invest around Rs 277 crore in the new facility that will be operated on a 30-year BOT basis with 37 per cent revenue sharing. Total capacity of the facility will be around 6.62 mn metric tonne per annum and the facility is likely to go on stream by 2012-13. The new-mechanised berth can handle vessels from 85,000 DWT to 100,000 DWT. Contact: Sical Logistics Ltd.Tel: 044-4211 8611. Fax: 044-4211 8620.E-mail: information@sical.com Website: www.sical.in