Search results for: Essar Ports

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  • 30 May 2012
    Business & Finance

    Essar Ports Limited (“Essar Ports”), one of the largest private sector port companies of India, today announced the creation of a long-term strategic alliance with Port of Antwerp International (“PAI”) and aninvestmentof approx. Rs 175 croreby PAI in Essar Ports. PAI is the international investing arm of the Antwerp Port Authority, which is the port […]

  • 11 October 2017
    Business & Finance

    India’s port company Essar Ports saw a 19 percent growth in cargo handled during the first half of fiscal year ended September 30, 2017, compared to the same period a year earlier. Namely, the company said that it handled 17.35 million tonnes of cargo in the six-month period, up from the 14.61 million tonnes reported in […]

  • 14 July 2017
    Business & Finance

    India’s port operator Essar Ports posted a record 19.62 million tons of cargo in the quarter ending June 30, 2017. This represents a growth of 12% when compared to the cargo handling in the corresponding four-month period of the previous fiscal year, as explained by Essar Ports. For dry and unit cargo, the performance was better, […]

  • 30 May 2012

    Essar Ports Limited, one of the largest private sector port companies of India, today announced the creation of a long-term strategic alliance with Port of Antwerp International (“PAI”) and aninvestment of approx. Rs 175 croreby PAI in Essar Ports. PAI is the international investing arm of the Antwerp Port Authority, which is the port authority […]

  • 4 June 2015
    Business & Finance

    Essar Ports and Belgium’s Port of Antwerp have mutually terminated their strategic alliance agreement signed back in 2012, India’s second-largest private port operator said in a stock filing. However, Essar Ports says that the companies will continue to work on the ongoing engagements which were initiated under the agreement. The alliance was aimed at structural and commercial collaboration in training and […]

  • 24 December 2012

    Essar Ports Limited, one of the largest private sector port companies in India and part of the US$ 27 billion Essar Group, has announced the commissioning of its 16 million metric tons per annum (MMTPA) dry bulk terminal at Paradip, taking the aggregate handling capacity of Essar Ports Limited to 104 MMTPA. The project involved […]

  • 17 September 2019
    Business & Finance

    The company took numerous steps and has invested in reduction of the carbon footprint at its four terminals.

  • 21 August 2019
    Business & Finance

    Essar Ports expects to meet its target of handling 60 million tons of cargo in FY 2020.

  • 18 December 2013
    Business & Finance

    Essar Ports Ltd, part of the $39 billion Essar, announced recently that Essar Vizag Terminals Ltd., a wholly-owned subsidiary of the company, has entered into a concession agreement with Visakhapatnam Port Trust for development and operations of three iron ore berths at Visakhapatnam Port on BOT basis over a period of 30 years. These three […]

  • 21 September 2012

    Essar Ports today announced that it has refinanced its debt in a subsidiary Essar Bulk Terminal Limited Hazira through a takeout finance scheme of India Infrastructure Finance Company Limited (IIFCL). Essar Ports has availed the takeout finance scheme to reduce its interest rate by over two and half per cent on Rs 405 crore which […]

  • 25 September 2017

    Essar Ports is planning to invest some $500 million to build two liquefied natural gas (LNG) terminals within the following 18 months. 

  • 18 December 2013
    Business & Finance, Equipment, Technology

    Essar Ports Ltd, part of the $39 billion Essar, announced that Essar Vizag Terminals Ltd., a wholly-owned subsidiary of the company, has entered into a concession agreement with Visakhapatnam Port Trust for development and operations of three iron ore berths at Visakhapatnam Port on BOT basis over a period of 30 years. These three berths […]

  • 31 October 2013
    Business & Finance

    Essar Ports Ltd., part of the Essar Group, today announced its unaudited results for the quarter ended September 2013. Speaking on the key highlights for the quarter, Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd. said: “Our performance is consistent with the growth targets we have set for ourselves and we are confident of delivering […]

  • 4 August 2017
    Business & Finance

    India’s port company Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port.  The deal forms part of a Public Private Partnership (PPP) project that will be executed on Design, Build, Own, Operate and Transfer (DBOOT) basis through a subsidiary, New Coal Terminal Beira, […]

  • 17 April 2013
    Business & Finance

    The budget has a high focus on social sector, while nothing new has been done specifically to spur infrastructure spending. The mentioned schemes of take out financing and credit enhancement through IIFCL etc have already been in place. “The government has announced two new Major Ports, one at Sagar in West Bengal and one in […]

  • 25 December 2012
    Business & Finance

    Essar Ports has offered a revenue share of 5.25 per cent for the Rs 3,700-crore mega container terminal project at Chennai port, slightly above the 5 per cent Adani Ports offered in the earlier bid, according to thehindubusinessline.com. A senior Chennai Port Trust (ChPT) official stated that Essar and Adani were the only bidders for […]

  • 3 June 2013
    Business & Finance

    Essar Ports Limited (EPL), through its wholly owned subsidiary Vadinar Oil Terminal Limited, has emerged as the highest bidder by quoting 31.01% revenue share for mechanization and operation of three iron ore berths (two outer harbour berths and one inner harbour berth) at Visakhapatnam port on Build-Operate-Transfer (BOT) basis for a concession period of 30 […]

  • 23 January 2014
    Business & Finance, Equipment, Technology

    Essar Ports Ltd. today announced its unaudited results for the quarter ended December 2013. Speaking on the key highlights for the quarter, Mr Rajiv Agarwal, Managing Director, Essar Ports Ltd. said: “Our financial results highlight the consistent performance we have shown over the past few years. In the coming quarters, we expect to handle higher […]

  • 21 October 2011

      Essar Ports Ltd, a unit of the $20 billion (`98,400 crore) Essar Group, is seeking to develop a port in Mozambique as the conduit for the… (PortNews) [mappress] Source: PortNews, October 21, 2011

  • 27 March 2018
    Business & Finance

    CEO & Managing Director of Essar Ports speaks about project development and strategic goals.

  • 10 May 2011

    Essar Shipping, Ports and Logistics is headed towards a new horizon. The company is undergoing major restructuring where it will be split into two, Rajiv Agarwal, CEO & MD, Essar Shipping, announced today. The current company, ESPLL, will become Essar Ports Ltd, and the Shipping, Logistics and Oilfield businesses will be spun off into a […]

  • 15 May 2014
    Business & Finance, Equipment, Technology

    Essar Ports Ltd. today announced its audited results for the financial year 2013-14 and for quarter ended March 2014. Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd. said: “We have started receiving many pending approvals which will ensure early commissioning of our pending projects. With the Start of Operations in Vizag terminal and proposed Commissioning […]