Mumbai: 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.
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.”
The 50MTPA terminal has had
the following highlights:
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
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.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Copyright © 2014 - 2022 The Global Indian New Network (TGINN)