Essar Vizag Terminals' Q1 cargo handling jumps 35% to 2.65 mt

Essar Vizag Terminals (EVTL), a wholly owned subsidiary of Essar Ports, has registered a 35 per cent growth in cargo handling at 2.65 million tonnes (mt) in the first quarter of the current financial year (FY) compared to 1.96 mt in the year-ago period.

In May 2015, the company had taken over Vishakhapatnam Port Trust's (VPT) iron ore handling complex on a build-operate-transfer (BOT) basis for a period of 30 years. The Vizag terminal has a total handling capacity of 16 mt per annum. So far, Essar has invested Rs 725 crore in the facility with the commissioning in 2017.

Through the addition of