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Essar Ports invests over INR 2,800 cr. in Salaya & Vizag terminals

Essar Ports Ltd (EPL) has said that its investment of over Rs 2,800 crore in its Salaya and Vizag terminal projects has the potential to increase the companyís revenues by 30 per cent in 2018-19 on the back of third-party cargo growth.

 

Mr Rajiv Agarwal, CEO of EPL, said: "The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the government of India and our Honíble Prime Minister, Mr Narendra Modi. It is also a manifestation of Essarís vision of building world class core sector assets of national importance."

  

The company said Essar Bulk Terminal Salaya Ltd (EBTSL) recently commenced commercial operations at its 20 MT dry bulk terminal with the berthing of its first vessel. It is so designed that it can berth Capsize vessels with a turnaround time of less than two days, a great competitive advantage.

 

The Salaya terminal, built at the cost of Rs 2,000 crore, can berth vessels of up to 100,000 tonnes DWT; it will emerge as  the most preferred deep draft port destination for shipment of dry bulk cargo in the Saurashtra region.

 

The portís infrastructure is best-in-class and compliant with global safety standards. Capt. Deepak Sachdeva, CEO, EBTSL, said: "The business potential of this asset is tremendous since this is the first deep-draught terminal in the region. Quick turnaround and our ability to handle vessels up to 100,000 DWT will give a significant competitive edge to our customers." 

 

The company said Essar Vizag Terminal Ltd (EVTL) is executing a Rs 830-crore expansion project aimed at upgrading the iron ore handling capacity of the Vizag Terminal (Outer Harbour) from 12.5 MTPA to 24 MTPA. With the recently commissioned an 8,000 TPH (tonnes per hour) Ship Loader, its cargo handling capacity will increase from 70,000 TPD (tonnes per day) currently to 120,000 TPD.

 

EVTL took over the Vizag Port expansion project in May 2015 on a Design-Build-Finance-Operate-Transfer (DBFOT) basis for a period of 30 years. Since then, the company has ramped up the iron ore loading capacity of the terminal from 25,000 TPD to 70,000 TPD, it said. 

 

Mr CH Satyanand, CEO, EVTL, said: "We are happy to have installed and commissioned the ship loader within expected timelines. With a significantly enhanced cargo handling rate, we are now able to cater to the needs of exporters in this region, thus creating new revenue streams for the company."

 

EVTL took over the Vizag Port expansion project in May 2015 on a Design-Build-Finance-Operate-Transfer (DBFOT) basis for a period of 30 years. Since then, the company has ramped up the iron ore loading capacity of the terminal from 25,000 TPD to 70,000 TPD, the release said.


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