After taking over of Vishakhapatnam Port Trust’s Iron Ore Handling Complex (OHC) on BOT basis for 30 years in May 2015, Essar Vizag Terminals Limited (EVTL) has put up a good show in the first quarter by handling 2.19 million tonne.
Through addition of the facility Essar Ports Limited has seen its third party cargo share jump to more than eight per cent in FY 16 alone with the likes of JSW, NMDC and MMTC. Once upgraded the mechanised system will be able to reach a capacity of 8000 tonne per hour, which will be one of the highest cargo-handling rate in Indian major ports.
EVTL is a wholly owned subsidiary of EPL. According to a release issued here, during QI current fiscal, EVTL handled 2.19 million tonne through 29 vessels as against 0.31 MT (six vessels) in Q1 of FY16 in the backdrop of improving Indian steel sector performance and project upgradation works.
Managing Director of Essar Ports Ltd Rajiv Agarwal said: “This year iron ore terminal in Vizag Port had successfully started its operations from May and has been undertaking simultaneous operations and project works with excellent outcomes. The terminal has boosted the third-party business and enhanced Essar Port’s presence on the East-Coast of India.
