Essar Ports completes over Rs 28-bn capex

Plans to invest further to take capacity to 150 MTPA in next two years

Ruias-controlled Essar Ports on Monday said it has completed its Rs 28 billion planned investment in its Vizag and Salaya terminals. The company will now look at further investments to take its capacity further to 150 million tonnes per annum (MTPA) in the next two years time.

“Essar Ports Limited said that its investment of over Rs 28 billion in its Salaya and Vizag terminal projects has the potential to increase the company’s revenues by 30% in financial year 2018-19 on the back of third-party cargo growth,’ the company said in its press statement.

With the current investments made, the company expects