Essar plans Rs 10,000 crore port in Gujarat

Eyes 50% growth in Vizag cargo in FY18 post modernisation; posted 25% growth in cargo in FY17


Essar Ports Ltd, a leading port operator in the country with a current capacity of 140 million tonnes per annum (mtpa), is planning to build a Rs 10,000 crore greenfield commercial port in Gujarat's Dwarka, a senior company official said. Besides, with its modernisation project at its Vishakhapatnam port likely to be completed by September, the company also expects 50 per cent growth in cargo from the port. Rajiv Agarwal, CEO and managing director of Essar Ports Ltd confirmed that the company has signed a memorandum of understanding (MoU) with Gujarat Maritime Board (GMB) which ...