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Essar Ports 2Q revenue shows increase on 1Q

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Dry Bulk,

Essar Ports, a leading private port infrastructure company, is pleased to announce that for the quarter ended 30 September 2020, it has recorded revenue for 12.6 million t of cargo, up by 12.5% from previous quarter ended 30 June 2020, overcoming the challenges posed due to the C-19 pandemic and led by growth in steel and power sectors.

For the six months ended 30 September 2020, the company has recorded revenue for 23.8 million t of cargo, despite a slowdown in April as India introduced the biggest ever lockdown in the world to contain the spread of the deadly disease thus bringing normal functioning to a complete halt.

“We at Essar Ports are proud to be part of the country’s dream of emerging as a self-dependent nation. Our cargo handling performance is an example of how the country is waiting to bounce back on the growth trajectory and move forward. Our terminals have clocked revenue for cargo handling of 23.8 million tonnes for the six months with a growth 12.5% in 2Q FY21 as compared to 1Q FY21. We are proud of our people and all other stakeholders to make this possible,” said Mr. Rajiv Agarwal, CEO & MD, Essar Ports Ltd.

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