Essar’s ports business, which operates four terminals on the east and west coasts of India (at Hazira, Vizag, Salaya, Paradip), has registered a 23.5% growth in cargo volumes in 2019-20, with a combined throughput of 49.22 million tonnes (MT).
Essar ports Vizag terminal witnessed an annual growth of 34% compared to last year. In FY 20 the Vizag terminal of Essar ports handled 12.87 MT while in FY 19 it had handled 9.6 MT thereby marking a growth of 34.06%.
Annual Performance
FY20 (in MT) | FY19 (MT) | Growth (%) | |
|---|---|---|---|
50 MTPA Hazira Terminal | 25.42 | 23.91 | 6.32 |
24 MTPA Vizag Terminal | 12.87 | 9.6 | 34.06 |
20 MTPA Salaya Terminal | 5.96 | 2.15 | 177.21 |
16 MTPA Paradip Terminal | 4.97 | 4.21 | 18.05 |
OVERALL | 49.22 | 39.87 | 23.5 |
In terms of their overall fourth quarter performance, the terminals recorded a growth of 4.63% in cargo, with a throughput of 11.08 MT.
Mr Rajiv Agarwal, MD & CEO, Essar Ports Ltd said, “Our focus on driving operational efficiencies and optimising operations has helped in recording strong growth. The heightened activity in the Indian economy has helped us consistently surpass the average sectoral growth rate. While the mitigation measures adopted to control the Covid-19 outbreak have given rise to several limitations, the high mechanisation at our facilities have enabled them to continue to operate and service customers, thus allowing them to meet the cargo handling requirements of the nation.”
