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
Pilbara connects to Asia with new freight service
(Posted on 24/02/21)A new commercial freight shipping service connecting Western Australia’s Pilbara region to the... Read more
Hope Consortium ensures vaccine supply
(Posted on 24/02/21)Hope Consortium, an Abu Dhabi-led public-private partnership delivering large quantities of COVID-19... Read more
PD Ports joins with Rotterdam to get smarter
(Posted on 17/02/21)PD Ports has announced a new partnership with the Port of Rotterdam, Europe’s largest port, to... Read more
Port and municipality united on flood risk
(Posted on 17/02/21)The Port of Rotterdam Authority and the Municipality of Rotterdam have reached agreements on how to... Read more
CN and CP report latest grain transport records
(Posted on 11/02/21)Canadian Pacific moved 2.22 million metric tonnes (MMT) of Canadian grain and grain products in January... Read more
New Euroports grain unloading station
(Posted on 10/02/21)A new grain unloading station will strengthen Rauma’s grain traffic. During the autumn, Euroports... Read more
HAROPA’s resilient year and a second-half rebound
(Posted on 04/02/21)In an extremely difficult global economic context, HAROPA ended 2020 with overall maritime and river... Read more
NPRC to use hydrogen-powered barges
(Posted on 04/02/21)In a joint project, Covestro and the logistics service provider Nederlandse Particuliere Rijnvaart Centrale... Read more
2020 results keep Trois-Rivières on course
(Posted on 29/01/21)In 2020, the Canadian Port of Trois-Rivières recorded a volume of goods handled totalling 3.3... Read more
Rotterdam joins BIM Basis Infra
(Posted on 29/01/21)The Port of Rotterdam and the construction industry are embracing digitisation at a rate of knots. Digitisation... Read more
