Essar Ports posts record growth in cargo throughput in April-May 2019 - Essar | Creating Value

Essar Ports posts record growth in cargo throughput in April-May 2019

Jun 10th, 2019

  • Clocks 9.2 MT throughput in first two months of FY20, a growth of ~28% when compared to the corresponding period in FY19
  • Third-party cargo volumes increase by ~127%
  • Share of third-party cargo in overall cargo volume increases to ~27%

Mumbai, 10 June 2019: Essar’s Ports business, which operates four terminals on the east and west coasts of India, has registered a 28 percent growth in cargo volumes in the first two months of the current financial year (April-May 2019), with a throughput of 9.2 MT (million tonnes).

The growth has been driven by a 127 percent increase in third-party cargo when compared to the same period in the previous financial year. Cargo volumes from captive customers also grew by 11 percent.

 

Apr–May ’19
(in MT)

Apr–May ’18
(in MT)

Growth (%)

 

Overall cargo

9.2

7.2

~28%

Captive cargo

6.7

6.1

~10%

Third-party cargo

2.5

1.1

~127%

 

In the month of May 2019 alone, the four terminals cumulatively handled about 4.8 MT of cargo, which is a growth of ~34% when compared to ~3.6 MT of cargo handled in May 2018.

 — Ends —

About Essar Ports

Essar Ports is one of India’s largest private sector port operators in terms of capacity and throughput. It has four operational terminals in India—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.

Media Contacts

Manish Kedia, Senior Vice President – Corporate Affairs, Essar
Phone: +91 98197 30092, Email:  manish.kedia@essar.com
Ravi Muthreja, Vice President – Corporate Communication, Essar
Phone: +91 99301 34566, email: Ravi.Muthreja@essar.com