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Essar Ports growth trajectory continues in Q3 FY 21


January 14, 2021
  • Cumulative cargo revenue for April-December 2020 period stood for 36.5 MT of cargo handling
  • Clocks revenue for cargo handling of 12.7 Million Metric Tonnes in Q3 FY 21
  • Growth seen on account of pickup of economic activity in Nation and particularly in Steel, Power and Mining Sectors

Mumbai, January 14, 2020: Essar Ports, a leading private port infrastructure company, today said it had clocked a cumulative revenue for 36.5 million tonnes (MT) of cargo handling for the nine months ending December 2020, led by demand in power and steel industries and as the economy finds green shoots ahead of the world’s largest ever vaccination drive to fight the C-19 pandemic.

For the three months ending December 2020, the company has sustained revenues for 12.7 MT, same as the previous quarter, as it tries to overcome challenges posed due to the C-19 pandemic era.

“Essar Ports’ growth trajectory has continued despite facing several challenges during the entire year. Our cargo handling performance over the nine months is a testament of how Ports play a pivotal role to keep economic engines running and their key role for an “Atmanirbhar Bharat”. We now look forward to a post Covid era now that India embarks upon one of the largest vaccination drives of the world. We expect a bounce back in the economy and revival of demand in next few months,” said Mr. Rajiv Agarwal, CEO & MD, Essar Ports Ltd.

Quantity in MMT

 

Q2 FY 21

October

November

December

Q3 FY 21

Essar Ports

12.6

3.9

4.4

4.4

12.7

 About Essar Ports

Essar Ports specializes in development and operations of ports and terminals for handling dry bulk, break bulk, liquid and general cargo. It is one of the largest private sector port developer and operator in India in terms of capacity and throughput. It has four operational terminals in India—one each in Hazira and Salaya (both in Gujarat) on the west coast, and in Visakhapatnam and Paradip on the east coast. The current operational capacity of the port terminals in India is 110 MTPA.

Media contact:  

Manish Kedia, Senior Vice President – Corporate Affairs, Essar
Phone: +91 98197 30092, Email:manish.kedia@essar.com

Adfactors PR
Trupti Sakpal, Phone: +91 99308 96738, Email: trupti.sakpal@adfactorspr.com

 

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