Cargo traffic up 25% to 73 million tonnes: Essar Ports


Cargo traffic up 25% to 73 million tonnes: Essar Ports

Essar Ports on Wednesday said cargo traffic at its terminals soared 25 per cent to nearly 73 million tonnes (MT) previous financial year ended March 31.Consolidated cargo handling across the company’s five operational ports in Hazira (Gujarat), Paradip (Odisha), Visakhapatnam (Andhra Pradesh), Salaya (Gujarat) and Vadinar (Gujarat) rose to 72.86 million tons in FY 2016-17, compared to 58.27 mt in the previous financial year. Third-party traffic grew by 60 per cent.”The growth in Essar Ports’ dry bulk cargo has been a remarkable 52 per cent at 30.39 million tons in FY16-17 as compared to 19.97 million tons in FY15-16,” the company said in a statement.

PPT has rationalised the labour levy of steel cargo which resulted in handing off a record cargo of 0.14 million tonne of hot rolled (HR) coils loaded on March 23 this year. Says there is a huge challenge bring in lower emission standards to Indian driving conditions Essar Ports on Wednesday said cargo traffic at its terminals soared 25 per cent to nearly 73 million tonnes (MT) previous financial year ended March 31.Consolidated cargo handling across the company’s five operational ports in Hazira (Gujarat), Paradip (Odisha), Visakhapatnam (Andhra Pradesh), Salaya (Gujarat) and Vadinar (Gujarat) rose to 72.86 million tons in FY 2016-17, compared to 58.27 mt in the previous financial year. Third-party traffic grew by 60 per cent. Read more

Credits: business-standard.com

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