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Essar bulk terminal all set to increase cargo handling during the current year

Esssar Bulk Terminal Limited, functioning from  Hazira port terminal in all set to increase its cargo handling during the current financial year  following the company's focus on third-party cargo. In 2016-17, The company's registered total cargo handling at Hazira port wast 18 million tonnes during the last financial year and this is expected to increase to about 28-29 million tons during the current year.

The company has also signed an agreement with the Gujarat Maritime Board (GMB), the state ports regulator, for expanding its captive jetty by 1,100 meters from the existing 550 meters. The expanded berthing facility is expected to be ready by the end of fiscal 2018, and will enhance the current capacity by 20 mtpa to take the total capacity to 50 mt.

A spokesman of Essar Ports said that they are investing about Rs 1,000 crore for the expansion over a period of two years. The commissioning will happen in phases. By March 2018, the water front part of the jetty will be ready, while the mechanization and complete commissioning will happen by March 2019. Financing for the investment will happen mostly through internal accruals and partly through debt.”

This facility will not only help cater to the enhanced cargo requirements of Essar Steel, its anchor customer, but also give a boost to the company’s third-party cargo business. Essar Steel production is expected to increase further during fiscal 2018, but according to the mandate, Essar Steel can use up to 50 per cent of the installed capacity, while the rest is being used by either long-term customers or need-based customers.

Hazira Port, handles dry bulk cargo and liquid cargo, has four jetties with combined capacity of 50 MTPA. Hazira Port Terminal is an all-weather, deep-water terminal located in the Gulf of Khambatt, Gujarat. The terminal has depths of 14 metres below chart datum (CD) and is capable of accommodating capesize vessels.

The Port terminal is integrated with Essar’s Hazira Complex, which consists of a 10 mt steel plant, power plants and other manufacturing facilities.

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