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Essar Ports posts record growth in cargo throughput in April - May

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Dry Bulk,

Essar’s Ports business, which operates four terminals on the east and west coasts of India, has registered a 28% growth in cargo volumes in the first two months of the current financial year (April - May 2019), with a throughput of 9.2 million t.

The growth has been driven by a 127% increase in third-party cargo when compared to the same period in the previous financial year. Cargo volumes from captive customers also grew by 11%.

In the month of May 2019 alone, the four terminals cumulatively handled about 4.8 million t of cargo, which is a growth of approximately 34% when compared to around 3.6 million t of cargo handled in May last year.

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