Essar Ports takes over Vizag iron ore terminal
The Dollar Business Bureau Essar Ports took over the Vizag iron ore outer harbour terminal with two berths on May 14, 2015. Rajiv Agarwal, Managing Director, Essar Ports Ltd; says “We are happy to announce takeover of operations of Vizag outer harbour iron ore terminal which is an existing operational project with no gestation period.” The company also signed a Concession Agreement with Kandla Port Trust (KPT) for additional 1 SPM and 2 product berths and its Salaya project has received all regulatory approvals. Essar Ports current capacity is 120 MMTPA. The capacity is being expanded to 194 MMTPA over the next few years. The company has four operational port terminals at Hazira, Vadinar, Paradip and Vizag Iron Ore. The ...
