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.
â€œOur cargo volumes grew 11 percent to 14.08 million tone and we are confident of handling 60 MT by year-end,â€ Rajiv Agarwal, managing director, Essar Ports told moneycontrol.com
Rajiv Agarwal, CEO and MD, Essar Ports says, in an interview to CNBC-TV18, that quarterly profit was up due to the boost in cargo volumes and increased cost control.
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 reported a profit of Rs 92 crore in its fourth quarter. The company plans to pare its interest costs this year, says Rajiv Agarwal, managing director & CEO Essar Ports in an interview to CNBC-TV118.
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.
On Wednesday, Essar Ports announced a strategic pact with port of Antwerp with an investment of Rs 175 crore in Essar. In an interview with CNBC-TV18, Rajiv Agarwal, CEO & MD, Essar Ports said, "It is an investment of about Rs 175 crore."
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.
Essar Ports posted a five fold increase in its net profit for the September-December quarter while its total revenue rose to Rs 276.78 crore from Rs 190.27 crore in the year ago period.
In an interview to CNBC-TV18, Rajiv Agarwal, chief executive officer and managing director of Essar Ports says, third party volumes have gone up to 2% from almost zero. "We expect this volume to go up to 30% by 2014-15. We are on track on that."
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.