Essar Ports Ltd, a Ruia-owned unit of the $ 17-billion Essar group, which was earlier known as Essar Shipping Ports and Logistics Ltd (ESPLL), plans to concentrate on expanding its existing ports.
"At the moment, we are not looking for expansion into new ports abroad or in India. We have enough on our plate," said Managing Director, Mr Rajiv Agarwal, recently.
The company, which has an aggregate capacity of 88 million tonnes per annum (mtpa) at two facilities located at Vadinar and Hazira in Gujarat, plans to increase capacity to 158 mtpa through expansion projects at these ports, a new port at Salaya in Gujarat, and two terminals at Paradip in Odisha, company sources said.
Its new iron ore terminal in Odisha, with an investment of Rs 520 crore, would be commissioned soon, sources disclosed, according to Exim News Service.