Essar Bulk Terminal Signs Agreement for Jetty Expansion at Hazira
- Business & Finance
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 meters.
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, said Essar in its release.
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, added: “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.