Essar Ports invests over Rs 2,800 crore in Salaya & Vizag terminals

Essar Ports has completed its investment of over Rs 2,800 crore in its Salaya and Vizag terminal projects that has the potential to increase the company’s revenues by 30 per cent in FY2018-19 on the back of third-party cargo growth. Rajiv Agarwal, CEO, Essar Ports, said, “The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the Government of India. It is also a manifestation of Essar’s vision of building world-class core sector assets of national importance.” Essar Bulk Terminal Salaya has also commenced commercial operations at its 20 million tonne dry bulk terminal at Salaya with the berthing of its first vessel.