Essar Ports

Essar Ports said on Tuesday that its Vizag Terminal is expected to grow rapidly this fiscal year, with over 1.3 million metric tonnes of cargo handled in April.

Essar Ports handles 12.7 MT cargo in October-December

Cumulative cargo handling during April-December 2020 period stood at 36.5 MT.

Essar Ports cargo handling jumps over 23% to 49.22 MT in 2019-20

"Essar Ports' business, which operates four terminals on the east and west coasts of India, has registered a 23.5 per cent growth in cargo volumes in FY 2019-20, with a throughput of 49.22 million tonne

Essar Ports completes work on passenger ferry terminal at Hazira

Phase I of the terminal project will focus on the movement of passengers between Hazira in Surat and Mumbai. The company said it plans to extend the service to other coastal locations in Gujarat.

Essar Ports April-June cargo volume up 17.4%

The company's first quarter cargo handling performance has been very strong and brought it closer to achieving its target throughput by the end of the current financial year.

Cargo handling at Essar's Salaya port grows over 2-fold in April-June

Essar Ports is one of India's largest private sector port and terminal developers and operators.

Essar Ports completes Rs 2,800 cr investment in Salaya, Vizag

The company said it has completed Rs 2,800 crore investment in terminal projects at Salaya in Gujarat and Vizag in Andhra Pradesh and its capacity is likely to go up to 90 MTPA (million tonne per annum) by month-end from the current 82 MTPA.

Essar Ports terminal posts 20% rise in cargo handling

The CQ3 terminal at Paradip Port, operated by Essar Bulk Terminal Paradip Limited (EBTPL), handled 2.8 MMTPA till November this year as against 2.3 MMTPA during the same period a year ago, a senior Essar Ports official said.

Essar Ports' cargo handling up 19% in April-September

"Essar Ports handled 17.35 million tonnes (MT) of cargo in the first half of 2017-18 fiscal, registering 19 per cent growth when compared to the cargo handling in the corresponding period in 2016-17," the company said in a statement.

Essar invests Rs 830 cr to double Vizag Port iron ore capacity

After completion of the project, the loading capacity will increase to 120,000 tonnes per day (TPD) from 70,000 TPD, the company said in a statement.

Essar Ports to set up 2 LNG ports in 18 months, invest $500 mn

"Total investment in the first phase could be in the region of about USD 500 million," Rajiv Agarwal, managing director and chief executive of Essar Ports, told PTI at a company-run facility here.

Essar Ports enters pact to build coal terminal in Mozambique

Essar Ports today said it has entered into a concession pact with Mozambique government to develop a new 20 MTPA coal terminal at Beira Port in the Southeast African country.

Essar Terminal inks pact with GMB for Hazira jetty expansion

The Hazira Port Terminal is an all-weather, deep-water terminal located in the Gulf of Khambatt, Gujarat.

Essar wins bid for LNG terminal at Haldia port

Essar Ports Ltd in consortium with Ultra LNG and Essar Shipping Ltd won the bid to build and operate the LNG receipt and storage facility for 30 years, sources privy to the development said. Petronet LNG Ltd and V Energy were other bidders for the project that would have a minimum guaranteed traffic of 0.2 MTPA.

Essar Ports handles 18.27 mn tonnes cargo in July-September

"Third-party cargo handling has risen by 106 per cent to 1.03 MT in July-September compared to 0.5 MT in the same period a year-ago. Over the quarter, the various terminals of the company handled 209 ships as against 179 ships in the corresponding period last year," EPL said in a statement.

Highest loading rate by Essar's bulk terminal at Paradip port

This was made possible through loading of bigger parcel sizes, faster turnaround of vessels and minimised berth stay durations. "This year, our terminal has not only berthed the biggest vessel for loading, but also recorded the highest ever loading rate at Paradip Port," Rajiv Agarwal, Managing Director, Essar Ports, said in a statement.

Essar expands capacity at Hazira Port with Rs 800cr investment

The company is investing Rs 800 crore to add 20 MMPTA at its Hazira Port in Surat to its existing 30 MMTPA capacity, Essar Ports Chief Executive Officer Rajiv Agarwal told reporters here.

Essar to invest Rs 750 cr to expand capacity at Hazira Port

The company is increasing capacity by 1,100 metres from the present 550 metres to meet rising demand.

Essar Ports Hazira wins contract to handle 15 MT cargo

Based on this approval, Essar Bulk Terminal Ltd, Hazira, with its design and capabilities will be able to handle a range of cargo for merchant customers, including dry bulk, liquid bulk, containers, etc, it said in a statement.

Essar Port eyes 40% rise in cargo handling in FY17

"The company expects cargo handling to increase to 85 MT in 2016-17 from 59 MT in 2015-16, a growth of more than 40 percent on a year-on-year basis," the Ruias-promoted firm said in a statement.

73 firms made open offers worth Rs 12,000 cr in FY'16

"This decrease can be attributed primarily to the base effect as 2014-15 had one mega offer of Rs 11,449 crore from Relay BV for United Spirits," Prime Database Managing Director Pranav Haldea said.

Lenders approach Tata Group, JSW to buy out Essar Steel

But the steel giants see a lot of problems. Tata Steel says the bankers don't have enough control over Essar Steel for it to go ahead with the deal, said CNBC-TV18's Latha Venkatesh, quoting sources. For JSW Steel, buying the Essar arm is tricky as it would involve other multi-corporate deals.

Essar Ports shares to stop trading on exchanges from Dec 24

The exchanges said that the company has complied with the formalities for voluntary delisting of equity shares. Accordingly, trading in the equity shares of Essar Ports will be discontinued with effect from December 24, 2015, the exchanges said in separate circulars.

Essar Port promoters to acquire shares worth Rs 1,047 crore

The boards of directors of Essar Ports and Essar Shipping had earlier approved a proposal they received from Essar Shipping & Logistics, one of the promoters, to delist shares from the BSE and NSE.