Mumbai, 14 July 2017: Essar Ports has handled a record 19.62 million tonnes of cargo in the quarter ending 30 June 2017. This is a growth of 12% when compared to the cargo handling in the corresponding quarter of the previous fiscal.
For dry and unit cargo, the performance was even more impressive, with the company recording a significant 32% growth. The substantial growth in traffic at the company’s three dry bulk ports in Hazira, Paradip and Vizag, came on the back of heightened activity and capacity utilisation of Essar Steel, which is Essar Port’s anchor customer.
The overall growth in traffic was also helped by the 60% increase in third-party cargo volumes during the quarter.
The Essar dry bulk terminal at Paradip Port surpassed past benchmarks to record 131% growth in cargo handling.
Commenting on the performance, Mr. Rajiv Agarwal, CEO & MD, Essar Ports, said: “FY18 has started on a promising note for Essar Ports. Handling 19.62 million tonnes of cargo in Q1 itself is an encouraging sign and we are confident of sustaining our performance and grow throughout the year.”
Your email address will not be published.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.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
MARRIOTT INTERNATIONAL NAMED AS A KINCENTRIC BEST EMPLOYER IN ASIA PACIFIC FOR SIXTH CONSECUTIVE YEAR
Celebrate this Sunday with a family brunch at 3 Spices, DoubleTree by Hilton Pune-Chinchwad.
Atlas Copco unveils next generation portable air compressors at Excon 2019 in Bengaluru
Indian Railways to invest over ₹ 10 lakh crore on various projects in the next 5 years
Emission-free, efficient and safe: The future urban construction site
2014 The Global Indian New Network (TGINN)