Post Date : May 26, 2022
Essar Ports – Paradip Terminal, grew 40% on an annualized basis and recorded 0.8 MMT of cargo handling for April 22 i.e. a run rate of 9.5 MMT for FY 22 – 23. The Terminal has also handled a record cargo of ~6.8 MMT during the financial year 2021-22, making it the highest annual cargo handled since its commissioning. The buoyancy in throughput is a mirror of a spur in the economy and excellence in operations of Paradip Terminal.
The port also recorded the highest load rate of 70,000 tonnes in a day with an average berth Turnaround Time (TAT) score of 1.23 days per vessel. The average throughput in FY 2021-22 stood at 49,500 Tonnes/day. The terminal has handled ~33 MMT of cargo and catered to 556 vessels since its commissioning.
“I congratulate the team at Paradip Terminal for achieving the best cargo throughput despite the difficult market conditions. The stellar performance is a testimony of our commitment to giving a sustainable advantage to our customers and trade. Our all-round performance is a result of our innovative approach, developing state of art solutions, and investment in future-ready technology. All investments in the terminal are a reflection of Essar’s ESG philosophy and an approach that places people before profits.”Mr. Rajiv Agarwal, Operating Partner (Infrastructure), Essar and Managing Director, Essar Ports
Known to invest in technology, environment-friendly mechanisms, and efficient handling systems, Essar Ports Paradip Terminal boasts a fully mechanized eco-friendly infrastructure that includes wagon tipplers, Stackers, Reclaimers, ship loaders, and unloaders.
By eliminating non-mechanized handling, the terminal infrastructure delivers performance at efficient costs to its customers. Furthermore, the deeper drafts of the terminal lead to economies of scale and bigger parcels, that in turn helps reduce carbon footprint.
Essar Ports falls under the Infrastructure and Logistics portfolio of Essar Global Fund Limited (EGFL), which is managed by Essar Capital Limited as its investment manager.
The 16 MTPA all-weather deep-draft terminal in Paradip Port is strategically located in the Bay of Bengal near China, Japan, Myanmar, and the rest of the southeast-Asian region. The terminal also serves the coastal movement for the steel industry within India.