Essar Ports is seeing a significant improvement in performance as India recovers from the impact of lockdown. In the quarter ending September 30th the company recorded 12.6 million tonnes of revenue generating cargo, which was 12.5 per cent more than in the previous quarter ending June 30th this year. The resurgence in throughput growth was driven largely by an upturn in the steel and power generating sectors. Overall, the private port operator handled 23.8 million tonnes in the first six months of the financial year, despite the sharp slowdown in April.
Rajiv Agarwal, Essar Ports’ CEO and managing director, said, “Our cargo handling performance is an example of how the country is waiting to bounce back on a growth trajectory and move forward. We are proud of our people and all other stakeholders for making this possible.”
Essar Ports is one of the largest private sector port operators in India in terms of capacity and throughput. It has four terminals in India, in Hazira and Salaya on the west coast, and in Visakhapatnam and Paradip on the east coast. The current operational capacity of its port terminals in India is 110 million tonnes a year.