Essar Ports, which operates four terminals on the east and west coasts of India, has achieved a growth rate in excess of 20% over the first half of the current financial year, handling 27.29 million tonnes of cargo in this period. The strong double digit growth has been driven by a 183.21% increase in third-party cargo compared corresponding period in the previous financial year. By comparison cargo from captive in-house customers grew by 6%.
Essar’s terminal in Hazira port handled 14.17 million tonnes, 3.24% up on the first half of last year, with a 24% upturn in third party cargoes, while the Essar Vizag Terminal (EVTL), India’s largest iron ore handling facility, moved 5.91 million tonnes, 52.22% up. At Vizag, third party cargo flows were over 270% higher.
Essar Bulk Terminal Salaya (EBTSL) achieved a cargo throughput of 3.22 million tonnes in the first half of the financial year, 184% more that in the previous 12 months, while the new Essar Bulk Terminal Paradip (EBTPL), facility moved 4 million tonnes of cargo. In the latter case all of the cargo is captive at this point in time.
Essar Ports is the market leader in India’s non-containerised bulk cargo space. Having achieved a throughput of 40 million tonnes in the 2018/19 financial year, Essar Ports is expecting to handle over 60 million tonnes in the current financial year.