Steel, power and mining drive Essar tonnage growth
(Posted on 12/10/20)
Essar Ports, a leading private port infrastructure company in India, has announce that for the quarter ended September 30, 2020, it has recorded revenue for 12.6 million tonnes of cargo, up by 12.5 percent from previous quarter ended June 30, 2020, overcoming the challenges posed due to the C-19 pandemic and led by growth in steel and power sectors.
For the six months ended September 30, 2020, the company has recorded revenue for 23.8 million tonnes of cargo, despite a slowdown in April as India introduced the biggest ever lockdown in the world to contain the spread of the deadly disease thus bringing normal functioning to a complete halt.
“We at Essar Ports are proud to be part of the country’s dream of emerging as a self-dependent nation. Our cargo handling performance is an example of how the country is waiting to bounce back on the growth trajectory and move forward. Our terminals have clocked revenue for cargo handling of 23.8 million tonnes for the six months with a growth 12.5% in Q2 FY 21 as compared to Q1 FY 21. We are proud of our people and all other stakeholders to make this possible,” said Mr. Rajiv Agarwal, CEO & MD, Essar Ports Ltd.
Essar Ports specializes in development and operations of ports and terminals for handling dry bulk, break bulk, liquid and general cargo. It is one of the largest private sector port operators in India in terms of capacity and throughput. It has four operational terminals in India—one each in Hazira and Salaya (both in Gujarat) on the west coast, and in Visakhapatnam and Paradip on the east coast. The current operational capacity of the port terminals in India is 110 MTPA.
Latest News
Euroports secures long-term future in Venice with 25-year deal
(Posted on 31/03/25)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
(Posted on 27/03/25)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
(Posted on 27/03/25)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
(Posted on 18/03/25)North Sea Port Supervisory Body has appointed Cas König as the port authority's new CEO. Kö... Read more
Inspirational leader, Trois-Rivières Port President and CEO, Bovin to retire this year
(Posted on 12/03/25)After 19 years at the helm of the Port of Trois-Rivières and a career rich in major projects,... Read more
State-of-the-art cranes for Egyptian multipurpose cargo terminal
(Posted on 06/03/25)Abu Dhabi based AD Ports Group, an enabler of integrated trade, transport and logistics solutions, has... Read more
Call for swift implementation of Europe’s Clean Industrial Deal
(Posted on 01/03/25)The Port of Rotterdam and Port of Antwerp-Bruges have welcomed the Clean Industrial Deal, through which... Read more
Canadian Government invests $87.1M in Trois-Rivières Terminals project
(Posted on 28/02/25)The Canadian Port of Trois-Rivières is delighted to have received major funding of $87.1 million... Read more
Katoen Natie invests in four all-electric Konecranes Gottwald MHCs
(Posted on 15/02/25)Belgian logistics giant Katoen Natie has ordered four all-electric Konecranes Gottwald Mobile Harbor... Read more
AD Ports reports another year of record results
(Posted on 14/02/25)AD Ports Group, Abu Dhabi based enabler of integrated trade, transport and logistics solutions, has... Read more
