Essar Ports said its Vizag Terminal is set for strong
growth this fiscal as the facility recorded around 1.3 million metric tonne of
cargo in April.This has been achieved at a run rate in excess of 14 MMT for
FY23, suggesting growth of around 10 per cent on an annualised basis. The surge
in traffic marks the uptick in the domestic steel sector, which has been a
major contributor to Indias manufacturing output, it said.
This has been achieved
at a run rate in excess of 14 MMT for FY23, suggesting growth of around 10 per
cent on an annualised basis.
The surge in traffic marks the uptick in the
domestic steel sector
The surge in traffic
marks the uptick in the domestic steel sector, which has been a major
contributor to India’s manufacturing output, it said. Essar Vizag Terminal Ltd (EVTL), which operates the country’s largest iron ore
handling complex, handled 12.7 MMT cargo in the last fiscal. It also handled
193 vessels and 1,511 rakes, as per the company.
”EVTL has recorded 1.3
MMT of cargo handling for April ’22 i.e. a run rate in excess of 14 MMT for FY22–23, suggesting a growth of 10 per cent on an annualised basis,” the
company said in the statement.
The company said the
terminal also successfully loaded a record 1.65-lakh metric tonne (MT) of iron ore Fines on MV STAR ELINI Vessel – the largest ever
parcel loaded and to call at Visakhapatnam Port.