Ahmedabad: Essar Ports Ltd on Monday said its investment of more than Rs2,800 in its terminal projects at Salaya in Gujarat and Andhra Pradesh’s Visakhapatnam has the potential to increase its revenue by 30 percent in the 2018-19 fiscal year on the back of third-party cargo growth.
“The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the government of India and our honourable Prime Minister Narendra Modi. It is also a manifestation of Essar’s vision of building world-class core sector assets of national importance,” said Essar Port chief executive officer (CEO) Rajiv Agarwal.
Essar Bulk Terminal Salaya Ltd recently began commercial operations at its 20 million tonne dry-bulk terminal with the berthing of its first vessel. The facility, the first deep-draft terminal in the Saurashtra region, is designed to berth capesize vessels with a vessel turnaround time of less than two days, thereby offering a competitive advantage to local industry.
The Rs2,000 crore Salaya terminal is expected to emerge as the most preferred deep-draft port destination for shipment of dry-bulk cargo in Saurashtra, the company said, adding that it is capable for berthing vessels of up to 100,000 tonnes of deadweight tonnage (DWT) while handling commodities such as coal, bauxite, limestone and fertilizers.
“The business potential of this asset is tremendous since this is the first deep-draft terminal in the region. Quick turnaround and our ability to handle vessels up to 100,000 DWT will give a significant competitive edge to our customers,” said Deepak Sachdeva, CEO of Essar Bulk Terminal Salaya.
At Visakhapatnam, Essar Vizag Terminal Ltd is executing a Rs830 crore expansion project aimed at upgrading its iron ore-handling capacity at the Vizag terminal from 12.5 million tonnes per annum (mtpa) to 24 mtpa. The firm recently commissioned an 8,000 tonnes per hour ship loader that increased its cargo-handling rate from 70,000 tonnes per day to 120,000. Following the commissioning of the expansion project, the facility will be able to berth vessels of up to 200,000 DWT with a depth of 18m, on the outer harbour Vizag port, the company said.
Essar Ports specializes in development and operations of ports and terminals for handling liquid, dry-bulk, break-bulk and general cargo. It has four operational terminals in India—at Hazira and Salaya in Gujarat, Visakhapatnam in Andhra Pradesh and Paradip in Odisha.