EPTL and EPL conclude $2.05bn (₹16,500 crore) transaction of port and power infra assets with AM/NS EPTL
Essar completes asset monetisation to effectively become debt free Mumbai, November 21, 2022: Essar Ports & Terminals Ltd (EPTL) and Essar Power Ltd (EPL) today concluded the US$ 2.05 billion (₹16,500 crore) sale of captive ports and power assets located in Hazira and Paradip to Arcelor Mittal Nippon Steel India Limited (AM/NS). The sale consisted of […]
Essar Projects wins over USD 62 million contract from Govt of Papua New Guinea
Mumbai/Dubai, December 23, 2020: Essar Projects Ltd, a part of Essar Capital’s technology and services portfolio, today said its subsidiary Essar Projects PNG (EPPNG) has won a contract worth over USD 62 million from the national government of Papua New Guinea to construct a provincial headquarters and associated works in the Jiwaka province. The contract was […]
Robust Q1 ushers Essar Ports closer to 60 MT cargo handling target
Mumbai, 21 August 2019: Essar Ports today said higher capacity utilisation at its recently commissioned terminals at Salaya and Vizag, and an increase in third-party cargo, were the two key factors that will help the Company achieve its target of handling 60 million tonnes of cargo by 31 March 2020. The Company’s first quarter cargo handling […]
Essar builds India’s largest iron ore handling complex of 24 MTPA at Vizag Port with Rs 830 crore investment; dedicates it to the nation
Shri. Nitin Gadkari, Hon’ble Minister for Road Transport & Highways, Shipping & Water Resources, to inaugurate facility Mumbai / Visakhapatnam, 12 July 2018: Essar Vizag Terminal Ltd (EVTL) today dedicated to the nation its newly commissioned 24 MTPA Vizag iron ore handling complex, which will be inaugurated by Shri. Nitin Gadkari, Hon’ble Minister for Road Transport […]
Essar Ports completes over Rs 2,800 crore investment in Salaya & Vizag terminals
Essar Bulk Terminal Salaya Limited Essar Vizag Terminal Limited Mumbai: 08 January 2018: Essar Ports Limited (EPL) today said that its investment of over Rs 2,800 crore in its Salaya and Vizag terminal projects has the potential to increase the company’s revenues by 30% in FY2018-19 on the back of third-party cargo growth. Mr Rajiv Agarwal, […]
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