Essar Ports Limited (EPL) develops and operates ports and terminals and is one of the largest private sector port companies in India by capacity and throughput.
Essar Ports is part of the multinational Essar Group, and holds the Group's entire ports business. It is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company, which was previously named Essar Shipping Ports & Logistics Limited (ESPLL), recently went through a demerger process, following which the shipping, logistics and oilfield drilling businesses were demerged from ESPLL and transferred to another company, Essar Shipping Limited, which is also listed on Indian stock exchanges.
Essar Ports develops and operates ports and terminals for handling liquid, dry bulk, break bulk and general cargo, with an existing aggregate capacity of 104 MTPA across two facilities located at Vadinar and Hazira in the state of Gujarat on the west coast of India and one iron ore terminal at Paradip in the state of Orissa on the east coast of India.
The facilities at Vadinar and Hazira are used primarily by affiliated customers for the receipt of raw materials such as crude oil, iron ore / pellets, limestone, dolomite and coal, and for the despatch of finished goods such as petroleum products and steel products. The company is in the process of increasing its aggregate ports capacity to 158 MTPA with expansion projects at Vadinar and Hazira, a new port at Salaya in Gujarat, and two terminals at Paradip in the state of Orissa on the east coast of India. The ports expansion projects have been undertaken, in part, to accommodate the increase in traffic expected to arise from plant expansions planned to be carried out by the company's affiliated customers, and in part to support the increase in business from non-affiliated customers being targeted by the company.
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