Budget allocation of Rs 600 crore for projects under Sagarmala, Rs 322.6 crore for the development of ports and Rs 508 crore for grants to the Inland Water Transport Authority of India.
Tag: Rajiv Agarwal
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Essar PortsÂ’ cargo traffic grows by 25percent in FY 2016-17
EssarPorts, which operates port terminals on the east and west coasts of India, hasrecorded a 25 percent growth in cargo traffic in FY 2016-17.
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Turnaround time in Indian major ports is a matter of concern
The current cargo handling capacity of Essar Ports is 150 MTPA. Essar Ports specialises in development and operations of ports and terminals for handling liquid, dry bulk, break bulk and general cargo.
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Essar Ports plans Rs.3,000 crore new investments
Essar Ports has sought relaxed loan terms from bankers even as it plans Rs 3,000 crore (including Rs 2,000 crore debt) new investments on three key Port projects
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Essar Ports enters into Concession Agreement with Visakhapatnam Port Trust for development of three iron ore berths
Essar Ports Ltd. (Essar Ports), part of the $39 billion Essar, today 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
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Essar Ports Harbinger of hope
From a modest beginning, it is now a name to reckon with among ports in India. With a massive 48 per cent profit in Q1, a port and five terminals to operationalise in the next year, the company expects to continue doing well for a second consecutive quarter (ended September). Sumantra Das writes on the emergence of Essar Ports.
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Essar to set up 3 iron ore berths in Vizag at Rs 1,000-cr
India's second largest private port operator, Essar Ports is looking to secure finances of about Rs 700 crore for developing three iron ore berths at the Visakhapatnam port in the next 6 months. In June, the company had won the bid for mechanisation and operation of three iron ore berths at Visakhapatnam Port, which will have a combined capacity of 23 million tonne per annum (MTPA). The total project cost is estimated to be about Rs 1,000 crore, said Essar Ports' Managing Director Rajiv Agarwal.
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Essar Ports Ltd – Q1 FY14 Net Profit up 48 per cent to Rs 101.4 cr
Essar Ports Ltd. (Essar Ports), part of the Essar Group, today announced its unaudited results for the quarter ended June 2013. Net Profit for Q1 FY14 increased by 48% to Rs. 101.4 crore from Rs. 68.5 crore in Q1 FY13.
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Red tape in connectivity setting business back
Developers of ports tell us how port connectivity has boosted business, while users say poor connectivity are limiting their plans.
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Maritime Agenda 2020: The awaited lift, finally
Reactive is better than non-active. The fact that the Maritime Agenda 2020 is the biggest documentation of our future vision in maritime ever is both heartening and concerning.