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Essar Ports posts record growth in throughput in April-May 2019

Essar Ports have handled 9.2 million tons of cargo during the last financial year 2018-19 registering a growth of nearly thirty per cent over the previous year. The terminals operated by the company had handled 7.2 million tons during the previous year.

The Mumbai based company operates four terminals in the country both in the east and west coast.

The growth due to third-party cargo

The growth has been driven by a 131 per cent increase in third-party cargo when compared to the same period in the previous financial year. Cargo volumes from captive customers also grew, by 11 per cent.

 In May 2019 alone,ie last month, the four terminals cumulatively handled about 4.8 Million tons, up by  34 per cent when compared to the 3.6 MillionTons handled in May 2018.

India’s port terminals current operating capacity 110 million tons per annum

Essar Ports is one of India’s largest private sector port operators in terms of capacity and throughput. It has four operational terminals in India—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 Million Tons Per Annum according to a company press release.

 

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