Essar Port’s 50 MTPA Hazira Terminal grows 22% in Q1FY20

July 31, 2019: Essar Bulk Terminal Ltd (EBTL) has registered a growth of 22 percent growth in its third-party business in the quarter ending June 30, 2019.

The company achieved an overall cargo throughput of 7 MT (million tonnes) in Q1 FY2019-20, of which 1.1 MT was third-party cargo. The share of third-party cargo in overall cargo volumes also rose to 15.7 percent, informed a company statement.

EBTL will focus on operational efficiencies and increase in third-party cargo which will be major catalysts in fuelling future growth, saida statement.

Essar Ports has invested Rs11,000 crore in developing five world-class terminals in three Indian states. Its current operations span four terminals with a combined capacity of 110 MTPA, which is roughly 5 percent of India’s port capacity. The company is a leader in the non-containerised bulk cargo space. Having clocked a throughput of 40 MT in FY19, Essar Ports is expecting to handle over 60 MT in the current financial year.