news topics: infrastructure

“The MPC’s actions are in line with the current global inflation scenario and has leaned in favour of anchoring inflationary expectations to work out solutions to decipher the growth potential of the economy. The tone of the policy continues to be aggressive. The hike in repo rate by 50 basis points to 5.4% to pre-pandemic […]

Essar Projects is pleased to announce the appointment of Mr. P Jitendra as CEO – Engineering Division. He will be responsible for shaping the strategy for the Division. Mr. Jitendra is an accomplished business leader with wide-ranging experience of over three decades in Consultancy, Design & Project Management in Iron & Steel, Non Ferrous, and […]

Mumbai, May 31, 2022: Essar Vizag Terminal Limited (EVTL) operating India’s largest Ore Handling Complex in Vishakhapatnam Port has recorded ~1.3 MMT of cargo handling for April’ 22 i.e. a run rate in excess of 14 MMT for FY 22 – 23 suggesting a growth of ~10% on an annualized basis.  For FY 21–22, EVTL has […]

Mumbai, May 26, 2022: Essar Ports – Paradip Terminal, has recorded 0.8 MMT of cargo handling for April’ 22 i.e. a run rate of 9.5 MMT for FY 22 – 23 suggesting a growth of ~40% on annualized basis.  The Terminal has also handled a record cargo of ~6.8 MMT during the financial year 2021-22, making […]

Achievements galore for Vizag Terminal Located within one of the 13 designated ‘major ports’ of India, Essar Ports Vizag Terminal Ltd (EVTL), Andhra Pradesh, is the largest iron ore handling complex in India. On 20th April 2022, the M.V. Star Eleni, a bulk carrier built in 2018, sailing under the flag of Liberia was successfully berthed […]

Hazira/Mumbai, March 31, 2021: Essar Bulk Terminal Ltd (EBTL), part of ports business of Essar, today said that it a new cruise route from Hazira to Diu was launched from its passenger ferry terminal at Hazira Port, thus revolutionizing coastal transportation across the western coast of India and giving a boost to coastal tourism for the […]

Mumbai, January 14, 2020: Essar Ports, a leading private port infrastructure company, today said it had clocked a cumulative revenue for 36.5 million tonnes (MT) of cargo handling for the nine months ending December 2020, led by demand in power and steel industries and as the economy finds green shoots ahead of the world’s largest ever […]

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 […]

Essar Ports, a leading private port infrastructure company, is pleased to announce that for the quarter ended September 30, 2020, it has recorded revenue for 12.6 million tonnes of cargo, up by 12.5 percent from previous quarter ended June 30, 2020, overcoming the challenges posed due to the C-19 pandemic and led by growth in […]

“As we see, RBI has been taking measures to alleviate liquidity crunch and help revive growth. The decision of restructuring stressed MSME is timely. The creation of innovation hub will leverage new capabilities and strengthen the economy. The resolution framework for COVID-19-related stress which enables the lenders to implement a resolution plan for eligible corporates […]