Receive our newsletter – data, insights and analysis delivered to you
April 22, 2010

Essar to Increase Indian Port Capacity

Essar Bulk Terminal Paradip (EBTPL) has signed an agreement with the Paradip Port Trust to invest Rs500 crore ($112.5m) to enhance the port's cargo handling capability. Under the agreement, EBTPL, a part of Essar Shipping Ports and Logistics, will develop the port's central quay-III b

By cms admin

Essar Bulk Terminal Paradip (EBTPL) has signed an agreement with the Paradip Port Trust to invest Rs500 crore ($112.5m) to enhance the port’s cargo handling capability.

Under the agreement, EBTPL, a part of Essar Shipping Ports and Logistics, will develop the port’s central quay-III berth to handle 16 million tons a year of dry bulk cargo.

The ten-year license agreement, with an option of a five year-extension, takes the total port project investments at Paradip to over Rs1,000 crore ($225m).

The project is expected to be completed by April 2011 and will increase the port’s cargo handling capacity to 30 million tons a year.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU