CNBC-TV18's Yash Jain caught up with Rajiv Agarwal, MD & CEO of Essar Ports and asked him what the expansion of the Vizag and Salaya terminals means and what is the kind of boost it would provide to their revenue going forward.
We do not face any interest pressure. Our EBITDA was Rs 1150 crore and interest cost was about Rs 530 crore, so, we are well covered, says Rajiv Agarwal of Esaar Ports.
Essar Ports has commissioned its 16 million tonne per annum (MTPA) dry bulk terminal at Paradip in Odisha. CNBC-TV18 spoke to Rajiv Agarwal, CEO and MD, Essar Ports regarding the expectations from the project and the challenges ahead.
In an interview with CNBC-TV18, Rajiv Agarwal, CEO & MD of Essar Ports said IIFCL was incorporated to offer low cost debt to the infrastructure sector and as a result of this, they will benefit from an interest rate reduction of 2.6 percent or Rs 405 crore.
Essar ports CEO Rajiv Agarwal outlines the gameplan to beat the competition and be the leading port operator
In an interview to CNBC-TV18, the group CFO of Essar Group V Ashok says that majority companies with rupee denominated loans will look at raising ECBs.
This is the government's great Indian infrastructure dream. But the ground reality is a rude awakening. With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future.
Rajiv Agarwal, CEO & MD of Essar Ports, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that they might raise some capital as they need to go down from 83% promoter holding to 75%. He said, "We will review the market conditions and go ahead with the fund raising. We have time till June, 2013 to raise the capital."
Essar Shipping, Ports and Logistics is undergoing major restructuring where it will be split into two - Essar Ports Ltd, and the new entity, Essar Shipping Ltd. Shareholders will get 1 share of Essar Shipping and 2 of Essar Ports for every 3 shares of the old company.
Rajiv Agarwal, CEO and MD, Essar Shipping, in an interview with CNBC-TV18’s Anuj Singhal and Latha Venkatesh, spoke about the latest happenings in his company and the road ahead.
Rajiv Agarwal, CEO and MD of Essar Shipping, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about the recent happenings in the company and the road ahead.