news topics: infrastructure

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 […]

Green shoots of economic recovery boost Essar Ports’ cargo handling in Q1 to 11.23 million tonnes Mumbai, 07 July 2020: Between March and May this year, the longest lockdown of the world was imposed across India to check the spread of COVID-19. Business operations came to a halt and all industries were affected. In the first […]

Mumbai, 8 April 2020: Essar’s Ports business, which operates four terminals on the east and west coasts of India, has registered a 23.5% growth in cargo volumes in FY 2019-20, with a throughput of 49.22 million tonnes (MT). In terms of their fourth quarter performance, the terminals recorded a 4.63% growth in cargo, with a throughput […]

Mumbai, 5 February 2020: Essar Global Fund Ltd (EGFL) today announced the appointment of Mr Arun Kumar Jain as Operating Partner of its Projects business, a key portfolio business of EGFL. He will be a member of the Board. In the past five decades, Essar Projects has delivered mega projects worth over US $10 billion across […]

Mumbai, 30 January 2020: Essar’s ports business, which operates four terminals on the east and west coasts of India, has registered a 20.09% growth in cargo volumes in the third quarter of the current financial year with a throughput of 14.02 million tonnes (MT). Q3 FY20(in MT) Q3 FY19(in MT) Growth Overall cargo 14.02 11.67 20.09% […]

Sneak-peek at Essar’s Hazira Ferry Terminal —– Media Release —— Hazira, 15 November 2019: Essar Bulk Terminal Ltd (EBTL), a part of Essar Ports, said it has completed work on the Passenger Ferry Terminal that has paved the way for a cruise-based passenger ferry service, commencing today, between Hazira Port in Surat and Bandra-Worli Sea Link […]

Mumbai, 22 October 2019: Essar’s Ports business, which operates four terminals on the east and west coasts of India, has registered a 20.07% growth in cargo volumes with a throughput of 27.29 Million Tonnes (MT) in the first half of FY2019-20. The growth has been driven by a 183.21% increase in third-party cargo compared to that […]

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 […]