Essar Bulk Terminal signs agreement with GMB for 1,100-metre jetty expansion at Hazira
- Cargo handling capacity to increase by 20 MTPA; to cater to increased demand from anchor customer Essar Steel
- Expanded berthing facility to be ready by end-FY18
- Registers 26% Q-o-Q growth in cargo in Q1 FY18 handling -5.5 million tonnes
- Handled 1.86 million tonnes of cargo in July 2017-the highest ever in a month
Mumbai, 18 July 2017: Essar Bulk Terminal Ltd (EBTL), the operator of the Hazira port terminal facility, has signed an agreement with Gujarat Maritime Board (GMB) for expanding its captive jetty by 1100 metres.
The expanded berthing facility is expected to be ready by end-FY18, and will enhance the current capacity by 20 MTPA. This will not only help cater to the enhanced cargo requirements of Essar Steel, its anchor customer, but also give a boost to the company’s third-party cargo business.
EPL has world-class port terminal facilities that have all registered a significant jump in cargo handling in the last three months on the back of improved performance of their anchor customers. EBTL alone has registered a 26% Q-o-Q growth in cargo in Q1 of FY17-18 by handling about 5.5 million tonnes of cargo in the quarter. In June 2017, the terminal handled a cargo of 1.86 million tonne, which is a monthly record.
Commenting on the development, Mr Rajiv Agarwal, Managing Director, Essar Ports, said: “Our Hazira Port Terminal has delivered record output on account of highly efficient operations. The expansion of the jetty by 1,100 metres will further boost the cargo handling capability of the facility.”
Capt. Subhas Das, CEO, Essar Bulk Terminal, said: “The Hazira Port terminal is a world-class facility; the expansion will help us cater to the cargo requirements generated by the enhanced capacity utilisation of our anchor customer, Essar Steel.”
Since Essar Steel production is expected to increase further during FY18, the total cargo handling at the Hazira port terminal is likely to cross 25 million tonnes in the fiscal.
The Hazira Port Terminal is an all-weather, deep-water terminal located in the Gulf of Khambatt, Gujarat, India. The terminal has depths of 14 metres below chart datum (CD) and is capable of accommodating capesize vessels. The Port terminal is integrated with Essar’s Hazira Complex which consists of a 10 million tonnes steel plant, power plants and other manufacturing facilities.
Essar Ports has handled a record 19.62 million tonnes of cargo in the quarter ending 30 June 2017. This is a growth of 12% when compared to the cargo handling in the corresponding quarter of the previous fiscal. While dry bulk & unit cargo has increased by 32%, third-party cargo has grown by 60%.