Essar ports 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. This growth was facilitated by a significant boost in hinterland industry consumption in India.
According to Rajiv Agarwal, MD & CEO, Essar Ports Ltd, the growth has been on account of the 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
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
In December 2019, the Hazira terminal handled one of the highest levels of cargo, more than 2 million tonnes, for AM/NS India. With modular expansions undertaken at Hazira terminal, it is equipped to handle increased volumes for its existing customers.
Other key growth factors for Essar Ports include:
- 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 has invested INR 11,000 crore in developing world-class terminals in three Indian states. Its current operations include four terminals with a combined capacity of 110 MTPA, which is about 5% of India’s port capacity.
What is more, Essar Ports is expecting to handle more than 60 MT in the current financial year.
All Essar Ports terminals are equipped with advanced cargo handling infrastructure and can double capacity in the near to medium term. It is also working with the Government of India to meet its target of developing 3,130 MT of port capacity in the country by 2020.
