Bühler GmbHSailors SocietyTBA GroupTelestackPort of StocktonCimbria
  • Port of South Louisiana
  • TMS Awards 2023
  • Bühler GmbH
  • Van Aalst
  • Sailors Society
  • Geneva Dry

Essar Ports posts record growth

Essar Ports posts record growth

(Posted on 28/10/19)

Essar’s Ports business, which operates four terminals on the east and west coasts of India, has registered a 20.07% growth in cargo volumes with a throughput of 27.29 Million Tonnes (MT) in the first half of FY2019-20.

The growth has been driven by a 183.21% increase in third-party cargo compared to that in the corresponding period in the previous financial year. Cargo from captive customers grew by 6%.

Speaking on the performance, Mr Rajiv Agarwal, MD & CEO, Essar Ports Ltd, said: “Significant boost in third-party business has been the key driver for our growth in overall volumes. Alongside this, our focus on driving operational efficiencies and minimising operating costs has helped in recording strong growth. Essar Ports has consistently surpassed the average growth rate of the sector, which is showing signs of heightened economic activity.”

At Hazira, the 50 MTPA terminal has had the following highlights:

?               Cargo handling of 14.17 MT with 3.24% growth compared to the same period last year

?               24.46% growth in third-party business over the numbers in H1FY19

?               Enhanced third-party cargo share to 16.16%

                H1FY20 (in MT) H1FY19 (in MT) Growth

The 24 MTPA Essar Vizag Terminal (EVTL), India’s largest iron ore handling terminal located on the outer harbour of Visakhapatnam Port, has had the following highlights:

?               Cargo handling of 5.91 MT with 52.22% overall growth compared to same period last year

?               7.17% growth in anchor customer business

?               277.76% growth in third-party business over the numbers in H1 FY19

?               Enhanced third-party cargo share to 41.62%

The 20 MTPA Essar Bulk Terminal Salaya (EBTSL), deepest draft facility of Saurashtra region, has clocked a cargo throughput of 3.22 MT in the first half of FY20.

The 16 MTPA Essar Bulk Terminal Paradip (EBTPL), in Paradip Port, has clocked a cargo throughput of 4 MT in the first half of FY20.

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.

Latest News

New customs declaration process launched in Belgium

(Posted on 07/05/25)

Inbound Release Platform (IRP) has been operating since 1 April 2025. This innovative solution, which... Read more


Kale to develop Oman’s national port communication system

(Posted on 07/05/25)

Kale Logistics Solutions (Kale), along with its local partner Novel Muscat, has been awarded the contract... Read more


Estonian-German ports strengthen bilateral relations

(Posted on 01/05/25)

Participants at the first German-Estonian Port Days, have demonstrated the impressive way in which bilateral... Read more


Teesport Offshore Gateway - a multi-million pound investment in the River Tees

(Posted on 29/04/25)

One of the UK’s major port groups, PD Ports has announced its ambition to develop one of the UK... Read more


Port of Amsterdam achieves CO? reduction target

(Posted on 28/04/25)

Port of Amsterdam has achieved its CO? reduction target. The Port of Amsterdam aimed to reduce its corporate... Read more


NSBT celebrates launch of new third berth in Freetown

(Posted on 22/04/25)

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%

(Posted on 17/04/25)

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

(Posted on 15/04/25)

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

(Posted on 15/04/25)

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

(Posted on 03/04/25)

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


Van AalstViganTMS Awards 2023Geneva DryPort of South Louisiana
  • Port of Stockton
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping