South India Corporation, part of the Chennai-based Chettinad Group, has reportedly won the contract for developing a Rs.300 crore coal-handling terminal for Ennore Port Co, on BOT basis.

SICL got the better of the Adani Group and Sical Logistics (part of MA Chidambaram group) in clinching the deal.

SICL has tied up with the UK-based Portia Management for the project. It quoted the highest revenue sharing proportion of 52.524 per cent, followed by Adani Group with 31.5 per cent and Sical Logistics with 22.8 per cent, it is learnt.

The proposed coal terminal (the port's second) to be developed on BOT basis will have an annual handling capacity of 8 million tpa and will be used by entities other than Tamil Nadu Electricity Board. The existing coal terminal handles 9 million tpa of coal and is used exclusively by Tamil Nadu Electricity Board.

The new terminal is likely to wean much of coal traffic from Chennai Port, the only other major port in Tamil Nadu.