The Essar Ports business, which operates four terminals on the east and west coasts of India, has registered a 28% growth in cargo volumes in the first two months of the current financial year, April-May 2019, achieving a total throughput of 9.2 million tonnes.
The growth has been driven by a 127% increase in third party cargo compared to the same period in the previous financial year. Cargo volumes from captive customers also grew by 11%.
In the month of May alone, the company’s four terminals – Hazira and Salaya on the west coast, and Visakhapatnam and Paradip on the east coast – handled about 4.8 million tonnes of cargo. This was 34% higher when compared to 3.6 million tonnes of cargo handled in May 2018.