Essar Bulk Terminal News

India's Essar Bulk Terminal Ltd (EBTL) said it has completed work on the Passenger Ferry Terminal that has paved the way for a cruise-based passenger ferry service, commencing 15 November 2019, between Hazira Port in Surat and Bandra-Worli Sea Link in Mumbai.The Essar Ports company said in a press note that Hazira-based terminal will also lead to ferry services being offered on other routes in the future, revolutionizing coastal transportation in India.Phase I of the terminal project will focus on the movement of passengers between Hazira in Surat to India’s financial capital, Mumbai.While the service is a significant addition to air-…

Essar Ports, India's second-largest, private-sector port and terminal company by capacity and throughput, posted a record 20 per cent cargo growth in April-September period of the ongoing financial year (ending March 31, 2020) with a throughput of 27.29 MT.The Essar Group company, h operates four terminals on the east and west coasts of India, said in a press note that the growth has been driven by a 183.21% increase in third-party cargo compared to that in the corresponding period in the previous financial year. Cargo from captive customers grew by 6%.Rajiv Agarwal, MD & CEO, Essar Ports Ltd, said: “Significant boost in third-party business has been the key driver for our growth in overall volumes.

India's Essar Bulk Terminal Salaya Ltd (EBTSL) posted 160 percent growth in its cargo throughput for the Q1FY2020 which ended on June 30, 2019.As against 0.5 million tonnes (MT) in Q1FY19, EBTSL clocked a cargo throughput of 1.3 MT in Q1FY20, said a press release from the deepest draft terminal in Gujarat’s Saurashtra region.The performance marks not only a 160% growth in cargo handling over the corresponding quarter in the previous fiscal, but is also the best throughput achieved since the terminal’s commissioning in 2018.With the terminal integrated 1,200 MW power plant (Essar Power Gujarat) resuming operations, EBTSL is hopeful of a significant boost to its topline and cargo throughput in the subsequent quarters this year.

Essar Bulk Terminal Ltd (EBTL), that operates the 50 million tonne per annum (MTPA) bulk terminal in Hazira, Gujarat, India said a 22 per cent growth in its third-party business during the first quarter ended 30 June 2019, on a year- on-year basis.The Company achieved an overall cargo throughput of 7 MT (million tonnes) in Q1 FY2019-20, of which 1.1 MT was third-party cargo. The share of third-party cargo in overall cargo volumes also rose to 15.7%.According to the port operator, there is a significant upswing in the region’s economic activity and the Hazira terminal is well placed to capitalize on the opportunity. The focus on operational…

Essar Bulk Terminal Paradip Ltd (EBTPL) has surpassed several of its own performance benchmarks in the first few months of the current fiscal. In the period, EBTPL achieved the highest load rate ever recorded at Paradip port. This was made possible through loading of bigger parcel sizes, faster turnaround of vessels and minimised berth stay durations. EBTPL successfully loaded more than 100,000 tonne of pellets into MV Shravan (sailed) at an average load rate of almost 4,300 tonnes per hour (TPH), which is a record. In contrast in FY2016, EBTPL had loaded 75,000 tonne in a vessel in 18 hours, achieving a load rate of nearly 4,200 TPH. Overall cargo handling by Essar Ports Ltd (EPL), which is the holding company of EBTPL, has witnessed a significant jump in the last four months.

Essar Bulk Terminal Limited, Hazira, a subsidiary of Essar Ports Limited, which is a part of Essar, has received an approval from Gujarat Maritime Board (GMB) to handle 15 million tonnes of merchant cargo over three years. Based on this approval, the Hazira Terminal, in keeping with its design and capabilities, will be able to handle a range of cargo for merchant customers, including dry bulk, liquid bulk, containers and so on. The approval was granted under GMB’s captive port policy where jetties built on captive licenses can handle third-party cargo up to a maximum of 50 percent of the total cargo handled. This approval stands to benefit the local industry who will now have access to a modern port facility.

On the back of increased production by its anchor customers, Essar Ports Limited (EPL) has registered significant growth in cargo handling over the last three months. In March 2016 alone, EPL’s four operational ports handled total cargoes of 6.25 million tonnes (MMT), which translates to a run rate of 75 million tonnes per annum (MTPA). With the recent commissioning of the 20 MMT Salaya Bulk Terminal, cargo handling will see a further boost in FY2017. The contribution of third-party traffic to overall cargo handling stands at about 10% currently. About 90% of the cargo handled at EPL’s Hazira, Vadinar, Vizag and Paradip ports is contracted with captive businesses, like Essar Steel India Ltd, Essar Oil Ltd and Essar Power Ltd.

Essar Ports Limited, part of Essar, today announced its unaudited results for the quarter ended September 2015. 1.    Revenue for the quarter is Rs. 470.3 cr, an increase of 8% against Rs 435.3 cr in Q2FY’15 and an increase of 4% against Rs 452.2 cr in Q1FY’16. 2.    EBITDA for Q2FY’16 is Rs. 379.5 cr, an increase of 5% against Rs 361.4 cr in Q2FY’15 and an increase of 4% against Rs 364.9 cr in Q1FY’16. 3.    PAT for Q2FY’16 is Rs. 104.5 cr, an increase of 9% against Rs 96.1 cr in Q2FY’15 and an increase of 5% against Rs 99.1 cr in Q1FY’16. Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd.. commented, “The Company has consistently delivered results in line with expectations. We are on track for completing our capacity addition projects over the next few years.