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Essar Ports growth trajectory continues

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Dry Bulk,

Essar Ports, a leading private port infrastructure company, has said it had clocked a cumulative revenue for 36.5 million t of cargo handling for the nine months ending December 2020, led by demand in power and steel industries and as the economy finds green shoots ahead of the world’s largest ever vaccination drive to fight the COVID-19 pandemic.

For the three months ending December 2020, the company has sustained revenues for 12.7 million t, same as the previous quarter, as it tries to overcome challenges posed due to the COVID-19 pandemic era.

“Essar Ports’ growth trajectory has continued despite facing several challenges during the entire year. Our cargo handling performance over the nine months is a testament of how Ports play a pivotal role to keep economic engines running and their key role for an ‘Atmanirbhar Bharat’. We now look forward to a post Covid era now that India embarks upon one of the largest vaccination drives of the world. We expect a bounce back in the economy and revival of demand in next few months,” said Mr. Rajiv Agarwal, CEO & MD, Essar Ports Ltd.

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