Essar Ports handles 12.6 MMT cargo in Q2, up 12.5% from Q1

October 12, 2020: The private port infrastructure company, Essar Ports announced that, for the quarter ended September 30, 2020, it has handled 12.6 million metric tonnes of cargo led by growth in steel and power sectors, up by 12.5 percent from the previous quarter ended June 30.

For the six months ended September 30, the company has recorded 23.8 million metric tonnes of cargo, despite a slowdown in April as India introduced the biggest ever lockdown in the world to contain the spread of the deadly disease thus bringing normal functioning to a complete halt.

Rajiv Agarwal, CEO & MD, Essar Ports, said, “We at Essar Ports are proud to be part of the country’s dream of emerging as a self-dependent nation. Our cargo handling performance is an example of how the country is waiting to bounce back on the growth trajectory and move forward. Our terminals have clocked revenue for cargo handling of 23.8 million tonnes for the six months with a growth of 12.5 percent in Q2 FY 21 as compared to Q1 FY 21.  We are proud of our people and all other stakeholders to make this possible.”

Essar Ports
Essar Ports specializes in the development and operations of ports and terminals for handling dry bulk, breakbulk, liquid and general cargo. It has four operational terminals in India—one each in Hazira and Salaya (both in Gujarat) on the west coast, and in Visakhapatnam and Paradip on the east coast. The current operational capacity of the port terminals in India is 110 MTPA.

Quantity in MMT