20 percent growth for Essar
(Posted on 31/01/20)
Essar’s ports business, which operates four terminals on the east and west coasts of India, has registered a 20.09% growth in cargo volumes in the third quarter of the current financial year with a throughput of 14.02 million tonnes (MT).
Speaking on the performance, Rajiv Agarwal, MD & CEO, Essar Ports Ltd, said: “Significant boost in hinterland industry consumption has been the key growth driver. Largely the growth has been on account of our terminals in Salaya (west coast) and Vizag Port (east coast). Our continuous focus on increasing the capacity of handling through upgradation and mechanisation, and driving operational efficiencies, has helped in recording strong growth. We are committed to delivering world-class services and our focus is to ensure seamless continuity in services on a sustainable basis.”
In December 2019, the Hazira terminal handled one of the highest levels of cargo (more than 2 million tonnes) for AM/NS India, erstwhile Essar Steel. With modular expansions undertaken at Hazira terminal, it is equipped to handle increased volumes for its existing customers.
- Capacity expansion at our terminals and enhanced capacity utilisation by existing customers
- Ensuring operational efficiency and high service levels on a sustainable basis to customers
- A balanced cargo mix
- Terminals with long-term concessions or license agreements with port authorities
- Long-term cargo handling agreements with existing customers, ensuring sustainability
- New customer additions in Salaya, Vizag & Hazira
Essar Ports is one of India’s largest private sector port and terminal developers and operators. It has invested INR 11,000 crore in developing world-class terminals in three Indian states. Its current operations span four terminals with a combined capacity of 110 MTPA, which is roughly 5 percent of India’s port capacity. The Company is a leader in the non-containerised bulk cargo space. Having clocked a throughput of 40 MT in FY19, Essar Ports is expecting to handle over 60 MT in the current financial year.
All Essar Ports terminals are equipped with advanced cargo handling infrastructure and are well poised to double capacity in the near to medium term. The Company is working in tandem with the Government of India to meet its ambitious target of developing 3,130 MT of port capacity in the country by 2020.
Outside India, Essar’s port assets include a liquid terminal in the UK and a coal berth that is in the development stage at Mozambique’s Beira port.
Latest News
Ulsan Port achieves Korea’s first green methanol STS Bunkering for bulk carrier
(Posted on 29/09/25)Ulsan Port Authority (UPA) announced that it successfully completed Korea’s first methanol bunkering... Read more
New report warns urgent action needed to safeguard ports from climate threats
(Posted on 29/09/25)The global supply chain will suffer as ports face ever-mounting threats from sea-level rise, extreme... Read more
Abu Dhabi Maritime Academy to host Quantum Maritime Conference
(Posted on 29/09/25)Abu Dhabi Maritime Academy (ADMA), the region’s leading academic institution for mariners and... Read more
AD Ports begins LEO satellite connectivity rollout across global operations
(Posted on 22/09/25)Abu Dhabi based AD Ports Group, a leading global enabler of trade, logistics, and industry services,... Read more
Port of Immingham welcomes Wilson Eco I
(Posted on 22/09/25)Associated British Ports (ABP) has welcomed the Wilson Eco I to its Port of Immingham on the vessel&... Read more
Peel Ports to invest £100m to expand national steel and metals multimodal hub
(Posted on 15/09/25)The UK’s second largest port operator is progressing with £32m to add a further 140,000... Read more
Jobs and investment boost for UK’s largest steel-handling port
(Posted on 14/09/25)The First Minister of Wales, Eluned Morgan and Cabinet Secretary for Economy, Energy and Planning, Rebecca... Read more
Karachi Terminals major dredging agreement to double bulk vessel capacity
(Posted on 09/09/25)AD Ports Group, a leading enabler of global trade, logistics, and industry, has announced the signing... Read more
Long An Port signs agreements with ports of Portland and Gothenburg
(Posted on 08/09/25)During the Tay Ninh E-Commerce and Export-Import Supply Chain Networking Forum 2025, Long An International... Read more
Sohar tracks shipment reflects accelerated construction of Oman–UAE railway
(Posted on 01/09/25)In a step that reflects the accelerated construction of the Oman–UAE Railway Network, Hafeet Rail... Read more
