@LiveMint: Essar Ports, a unit of the INR 984 bn Essar Group, is planning on an expansion drive in both domestic as well as international markets. Presently it has two operational ports at Hazira and Vadinar in Gujarat with a combined capacity of 88 metric tonnes per annum (mtpa).
Essar Ports is seeking to develop a port in Mozambique as the conduit for the exports of iron ore from an affiliate’s mining assets in Zimbabwe. This is in line with the investments made by Essar Group in Africa and the potential investments by other groups in the continent for sourcing iron ore. The company aims to benefit from the mineral rich country and is working towards signing a concession agreement for building a port.
It plans to expand capacity to 158 mtpa over the next few years and is in the process of building five more ports. This includes a 16 mtpa iron ore berth at Paradip in Orissa, a 20 mtpa dry bulk terminal at Salaya in Gujarat, a 20 mtpa general cargo terminal at Hazira in Gujarat, a 14 mtpa coal terminal at Paradip, and a liquid storage terminal at Vadinar in Gujarat. It is also bidding for developing Gujarat Maritime Board’s (GMB) proposed green field port off Nargol village in South Gujarat.