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Essar's dry bulk terminal at Paradip Port surpasses past benchmarks

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September 07, 2016 Bookmark and Share  
  • Achieved highest ever loading rate in Paradip Port – more than 100,000 tonnes in 24 hours @ 4,300 TPH
  • Successfully berthed 1,06,000 DWT (loading) vessels – the biggest until date at the CQ-3 berth in Paradip Port
  • April-July cargo handling up 37% in comparison with same period in previous fiscal
  • Growth propelled by anchor customer Essar Steel’s record pellet production in July 2016
  • An investment of just Rs 565 crore is helping grow the Rs 6,000-crore port-based industry on the east coast of India, which includes Essar Steel’s own pellet plant in Paradip

Mumbai, 07 September 2016: Essar Bulk Terminal Paradip Ltd (EBTPL) has surpassed several of its own performance benchmarks in the first few months of the current fiscal. In the period, EBTPL achieved the highest load rate ever recorded at Paradip port. This was made possible through loading of bigger parcel sizes, faster turnaround of vessels and minimised berth stay durations.

Essar's dry bulk terminal at Paradip Port surpasses past benchmarks

EBTPL successfully loaded more than 100,000 tonne of pellets into MV Shravan (sailed) at an average load rate of almost 4,300 tonnes per hour (TPH), which is a record. In contrast in FY2016, EBTPL had loaded 75,000 tonne in a vessel in 18 hours, achieving a load rate of nearly 4,200 TPH.

Overall cargo handling by Essar Ports Ltd (EPL), which is the holding company of EBTPL, has witnessed a significant jump in the last four months. During April 2017-July 2017, EBTPL alone handled close to 1 million tonne of cargo. This is a growth of nearly 40% when compared to the 0.7 tonnes handled in the same period last year.  In FY2017, EBTPL successfully berthed bigger vessels and has accommodated a 106,000 DWT vessel (loading)—the largest in the history of the port.

EBTPL’s improved operational performance comes on the back of enhanced production delivered by Essar Steel, its anchor client that recorded its highest ever pellet production in July 2016. With Essar Steel production expected to increase further in FY17, total cargo handling at Paradip is also likely to grow significantly, with port traffic expanding by more than 100%.

Mr Rajiv Agarwal, Managing Director, Essar Ports, said: “This year, our terminal has not only berthed the biggest vessel for loading, but also recorded the highest ever loading rate at Paradip Port. We will continue to focus on delivering operational excellence and setting new benchmarks. We thank the Paradip Port Trust authorities for their unstinting support in helping us attain our performance goals.”

Essar’s Dry Bulk Terminal at Paradip Port is an all-weather deep draft facility that has the capability to serve the rapidly growing markets of South-east Asia, including China, Japan and Myanmar. It is integrated with its anchor client Essar Steel, which operates a 12 million tonne pellet plant in Paradip, through a fully mechanised dry bulk terminal and a 9.15-km conveyor system. It was recently declared the winner of the Golden Peacock Environment Management Award, which had Mr MN Venkatachaliah, former Chief Justice, Supreme Court of India, as Chairman of the Awards jury.”

About Essar Ports
Essar Ports is one of the largest port companies of India, with a current capacity of 140 MTPA. The capacity is being expanded to 194 MTPA over the next few years. The Company has five operational port terminals at Hazira, Vadinar, Paradip, Salaya and Vizag, which are estimated to handle approximately 85 million tonnes of cargo during FY17.

The Hazira port is an all-weather, deep-draft port with 30 MTPA of dry bulk and break bulk cargo handling capacity. Vadinar is also an all-weather, deep-draft port with 58 MTPA of liquid cargo handling capacity. The Paradip dry bulk terminal is an all-weather, deep-draft port with 16 MTPA of dry bulk cargo handling capacity. The Vizag terminal is an operational berth of 16 MTPA that was taken over in May 2015. The Company’s newly commissioned dry bulk terminal at Salaya has increased its capacity by further 20 MTPA.

Additionally, the Company is expanding its Hazira port capacity by 20 MTPA, which will take the total capacity to 50 MTPA.  The Company is also undertaking capacity addition of the iron ore berths at Visakhapatnam Port, aiming at a total capacity of 16 MTPA. The Company also plans to develop a coal terminal at Paradip of 18 MTPA capacity.

For Media Queries
Manish Kedia, Senior Vice President - Corporate Affairs
Phone: +91 9819730092, Email: manish.kedia@essar.com

Rakesh Kankanala, Deputy General Manager - Corporate Finance
Phone: +91 9930136596, Email: rakesh.kankanala@essar.com

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