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Essar Ports' Q1 cargo handling up 12% on heightened activity at Essar Steel

Growth in traffic was also due to a 60% increase in third-party cargo volumes

Essar Ports' Q1 cargo handling up 12% on heightened activity of Essar Steel

Essar Ports on Friday reported a 12 per cent year on year growth in cargo handling for the first quarter of the 2017-18 fiscal at 19.62 million tonnes (mt).  The substantial growth in traffic at the company’s three dry bulk ports in Hazira, Paradip and Visakhapatnam, came on the back of heightened activity and capacity utilisation of Essar Steel, which is Essar Port’s anchor customer. The overall growth in traffic was also helped by the 60 per cent increase in third-party cargo volumes during the quarter. Essar’s dry bulk terminal at Paradip Port ...