Essar closes in on handling target

(Posted on 28/08/19)

Essar Ports has said higher capacity utilisation at its recently commissioned terminals at Salaya and Vizag, and an increase in third-party cargo, are the two key factors that will help the Company achieve its target of handling 60 million tonnes of cargo by 31 March 2020.

The Company’s first quarter cargo handling performance has been very strong and brought it closer to achieving its target throughput by the end of the current financial year. For the quarter ended 30 June 2019, Essar Ports reported an impressive 17.4 percent growth in cargo volumes across its four terminals. The combined throughput stood at 13.5 million tonnes—up from 11.5 million tonnes in the same period last year.

All Essar terminals are focused on bulk and dry bulk cargoes that are primarily used as raw material in core sector industries, like Steel and Power.

“Our business is on a record growth trajectory with all terminals operating in full swing. Significant boost in third-party business and enhanced capacity utilisation of our anchor customers has been the key driver for the growth in volumes. We have consistently surpassed the average sectorial growth rate and are confident of achieving our target by March 2020,” said Mr Rajiv Agarwal, MD & CEO, Essar Ports Ltd. 

Essar Ports is one of India’s largest private sector port and terminal developers and operators. It has invested Rs 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-containerized bulk cargo space.

All Essar Ports terminals use advanced cargo handling infrastructure and are equipped to double capacity in the near to medium term. The Company is focused on not only enhancing cargo throughput, but also on ramping up capacity and contributing meaningfully to the Government of India’s 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 terminal which is in development stage at Mozambique’s Beira port.

Latest News

NSBT celebrates launch of new third berth in Freetown

Nectar Sierra Leone Bulk Terminal (NSBT) is celebrating the operational launch of a new third berth... Read more

Greenhouse gas emissions in port of Rotterdam down by 8%

Greenhouse gas emissions at companies in the port decreased by 1.7 Mton (8%) in 2024 compared to 2023... Read more

Raw materials delivered to British Steel through Immingham

Following the UK government’s passing of an emergency law to take control of British Steel, vital... Read more

Rotterdam takes important step in making shipping more sustainable

Trammo, OCI and James Fisher Fendercare have successfully conducted an ammonia bunkering pilot between... Read more

Bulgarian port’s first order for new Konecranes Gottwald MHCs

BMF Port Burgas AD (BMF), one of Bulgaria’s largest port operators, has ordered two Generation... Read more

Another year of record revenue and profit for AD Ports

Abu Dhabi based AD Ports Group a leading global enabler of trade, transport, industry, and logistics... Read more

Euroports secures long-term future in Venice with 25-year deal

Euroports has announced the renewal of the concession for Terminal Rinfuse Venezia (TRV) at Porto Marghera... Read more

Panama Canal promotes sustainable maritime shipping with NetZero Slot

Contributing to the commitment of achieving net zero emissions by 2050, the Panama Canal authority has... Read more

Saguenay Port brings electric-driven Konecranes Gottwald MHC to Canada

The Saguenay Port Authority in Quebec has ordered a Konecranes Gottwald ESP.6B Mobile Harbor Crane for... Read more

Cas König joins North Sea Port as new CEO

North Sea Port Supervisory Body has appointed Cas König as the port authority's new CEO. Kö... Read more